Featured Story
Is it worth relocating to trim your taxes?
Once retired, many people move to a state with low taxes or tax breaks that specifically benefit older residents. These days, people affected by tax reform’s squeeze on the federal deduction for state and local income taxes are feeling increased pressure to make such a move. No doubt moving from a high-tax state to a low-tax state can produce savings. For instance, a taxpayer in... READ MORE
Real-life Golden Girls? Co-living benefits
On a chilly fall morning, Esther Courtney sat at her kitchen table, staring out the window overlooking the farmlands of Lancaster County, Pennsylvania. It was day four of her retirement, and she still wasn’t quite used to sleeping in past 5 a.m. and not dedicating eight hours of her day to doing other people’s laundry. So instead, she was talking with a reporter about the high... READ MORE
Tech to keep family with dementia safe
Dear Savvy Senior, My husband, who lives at home, has dementia, and I worry about him wandering off and not being able to get back. Can you recommend some monitoring technology devices or any other solutions that can help me keep tabs on him? Exhausted Spouse Dear Exhausted, This is a concern for millions of Americans caring for a loved one with dementia at home. About 60 percent ... READ MORE
Use construction loan to build new home
Retirement has finally arrived, and you’ve checked all the right boxes. Mortgage paid off, check. Loans to help kids through college paid off, check. Nest egg ready for the future, check. You’ve found a great spot to build your retirement dream home and you’re ready to bring your blueprints to life. But there’s one step you haven’t yet navigated: getting a construction loan to... READ MORE
The financial perks of going solar
Ivica Bilich and Jennifer Twiggs, of Charlotte, North Carolina, love their house’s solar panels. “When I pull up to my house on a sunny day and see the panels, they look like a slot machine dropping money on my front porch,” Bilich said. The couple had been thinking about going solar for years, but in the fall of 2018, the numbers — a combination of falling costs and... READ MORE
Moving? Consider renting vs. selling
So, you’re ready to downsize and move into a retirement community or closer to your grandkids. Should you sell, or consider renting out your home? Like many of life’s big decisions, the answer depends on your situation, goals and personal preferences. Both options offer advantages — and potential drawbacks — that you must weigh carefully. First things first: Determine if your... READ MORE
