Sell with less hassle (but for less money)

By: Pat Mertz Esswein
Posted on: June 18, 2020

The prospect of selling and leaving your longtime home can seem overwhelming under the best of circumstances. But it is all the more so if you have lost your spouse, have health or cognitive issues, or need a quick sale so you can move to a better situation, such as assisted living. The challenge is greater if the home is in poor condition, say, because of long-deferred maintenance. Your ... READ MORE

Thinking of retiring? Conduct a test-drive

By: Alina Tugend
Posted on: April 01, 2020

Bev Bachel, 62, is trying retirement on for size.  For years, Bachel, a freelance communications professional in Minneapolis, took on highly demanding contract jobs that typically lasted more than a year. She put in long hours, often managed other writers and had to be available for on-site meetings. “A friend of mine said that when you’re self-employed, you never really retire.... READ MORE

Ease uncertainty with a reverse mortgage

By: Steven J. Sless, CLTC
Posted on: April 01, 2020

U.S. and global economic volatility due to the COVID-19 pandemic have many retirees (and those close to retirement) worrying how to survive these turbulent times.  Will you have enough assets to maintain your lifestyle and meet retirement spending goals in the face of a possibly long-term bear market?  Traditionally, older adults fund retirement with a mixture of Social Security,... READ MORE

How the move to a community felt to me

By: Alice G. Miller
Posted on: March 26, 2020

On the first day in my new retirement community, I was greeted by a neighbor in the hallway. She remembered meeting other newcomers who had experienced difficult first days here without the necessary cookware to prepare a proper meal. So, she offered to lend me some of her own pots and pans. Clearly, she was mistaking me for some kind of “kitchen goddess,” who could hardly wait to ... READ MORE

How to select an active adult community

By: Harriet Edleson
Posted on: March 26, 2020

Steve Thornton was driving along Interstate 75 in South Florida on a “scouting trip” for a place to live in retirement when he saw a billboard for Trilogy at Ocala Preserve. Stopping there, he was taken with the beauty of the place — and knew his wife would agree. “Lyndia would like it,” Thornton, 69, recalled thinking. While their children were growing up, the Thorntons... READ MORE

A new rental income tax break available

By: Joy Taylor
Posted on: March 25, 2020

Renting out property can create a retirement income stream that is Uncle Sam-friendly. The federal tax law is replete with breaks for landlords, and the 2017 tax law created a new write-off that many landlords can take for their Schedule E rental income. The new tax break falls under the special 20% deduction for individual owners of “pass-through entities.” Self-employed individuals ... READ MORE