Good ways to pare down your possessions

By Jim Miller
Posted on July 07, 2021

Dear Savvy Senior, What tips can you offer for downsizing? I would like to relocate but need to get rid of a lot of personal possessions before we can move. — Overwhelmed Willa Dear Willa, The process of weeding through a house full of stuff and parting with old possessions is difficult and overwhelming for most people. A good place to start is to see if your kids, grandkids or... READ MORE

Listing your home in 2021? What to know

By Elizabeth Renter
Posted on June 30, 2021

It’s a good time to be a home seller — homes are selling fast and for a premium — but that doesn’t mean you can jump into the market ill-prepared. Knowing what to expect can position you to make the most of this seller’s market. Roughly 1 in 6 (17%) homeowners plan on selling their home in the next 18 months, according to a new NerdWallet survey conducted online by The Harris ... READ MORE

Homebuyers willing to pay above asking price

By Alex Veiga
Posted on June 29, 2021

The red-hot U.S. housing market is widening the gap between what a home is objectively worth and what eager buyers are willing to pay for it. Fierce competition amid an ultra-low inventory of homes on the market is fueling bidding wars, prompting a growing share of would-be buyers to sweeten offers well above what sellers are asking. Home prices have rocketed to new highs and many homes... READ MORE

Plan ahead to pay for long-term care

By Martha Steger
Posted on June 28, 2021

Nancy Wright Beasley, a Virginia retiree, is years away from living in a retirement community or needing long-term care, but every year she funds a long-term care insurance policy. It’s not only a sound investment; it gives Beasley peace of mind. “My policy ensures I won’t become a financial burden on my children,” Beasley said. “As I age, the coverage gives assurance I’ll... READ MORE

Baltimore Housing News – July 2021

By Margaret Foster
Posted on June 25, 2021

ElderPlus provides free, all-inclusive help As Baltimore resident Tiffani Williams’ grandmother grew older, she had to help her pay bills, drive her to doctors’ appointments and much more. Then Williams heard about Hopkins ElderPlus, established almost 25 years ago. Providing all the services older adults need to stay healthy, ElderPlus is Maryland’s branch of the federal Program of... READ MORE

Face it: Your kids don’t want your stuff

By T. Eric Reich
Posted on June 24, 2021

I know I’m going to get a few calls about this article, but hear me out. We talk a lot about managing your estate and strategies for making the most of an inheritance, but what we don’t often talk about is what to do with your “stuff” and the realities that surround that. When helping people with their estate planning, we obviously cover the big issues, such as IRA or retirement... READ MORE

How to find affordable housing in Baltimore

By Jim Miller
Posted on June 23, 2021

Dear Savvy Senior, Are there any resources to help seniors find and pay for senior apartments? My aunt, who’s 75 years old, needs to find a new place to live but has very little money. What can you tell me? —Searching Sarah Dear Sarah, Finding affordable housing options for older adults can be difficult, depending on where your aunt lives. Apartments for retirees are a good... READ MORE

10 tax-friendly places for early retirement

By Stacy Rapacon
Posted on April 06, 2021

Retiring at a relatively younger age may mean needing to stretch your nest egg further. One way to do that is to find the right retirement destination. Where you live makes a big impact on your budget, as it helps determine your living costs, tax bills and income opportunities. Even if you retire, you may actually want to keep working a bit — whether to help pad your budget, pursue... READ MORE

D.C. Housing Notes – April 2021

By Catherine Brown
Posted on April 01, 2021

Affordable/luxury assisted living opens in D.C. This month, Livingston Place at Southern, a 152-unit luxury assisted living community, will open in D.C.’s Ward 8, offering housing for residents 60 and older who require assistance with daily living activities and have low to moderate incomes. Gina Latture, Livingston Place’s director of sales and marketing, grew up in Ward 8 and is... READ MORE

A caring home for those with disabilities

By Margaret Foster
Posted on March 31, 2021

Carol A., a mother of an adult child with autism, worries about her son’s future. “After my husband’s cancer passing, I am often in private anguish about what will happen to my sweet son if anything happens to me,” she said. Parents of adult children with intellectual or developmental disabilities (I/DD) must plan ahead to secure a reliable, caring home for their children, who ... READ MORE