I’m retired. Should I pay off my mortgage?

By Evan T. Beach
Posted on October 12, 2022

If you’ve ever tuned in to The Ramsey Show on the radio, you know Dave Ramsey likes to talk about the best ways to pay down debt and why it’s imperative to be debt-free. Then you may come across Ric Edelman, the founder of one of the largest personal finance companies in the country. His advice is just the opposite of Ramsey’s: You should stretch out a big mortgage for as long... READ MORE

Understand taxes on selling your home

By Liz Weston
Posted on October 11, 2022

If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino said some clients don’t realize that home sale profits are potentially taxable until their returns are prepared — and by that time, they may have spent the windfall or invested the money in another house. “They’re not happy campers when they find out that Uncle... READ MORE

Three decades providing assisted living

By Margaret Foster
Posted on October 10, 2022

When Veena Alfred was a young girl in India, she first experienced the joy of taking care of others. Raised in her grandparents’ stately home, Alfred and her five siblings grew accustomed to welcoming her grandmother’s friends as if they were bonus grandparents. “When these elderly women came, we were assigned certain chores,” Alfred remembered in an interview with the Beacon.... READ MORE

Keys to finding the perfect place to retire

By Patricia Mertz Esswein
Posted on October 06, 2022

Three days after Cheryl Gremban retired in 2018, she and her husband Charlie, 67, who had retired 10 years before, sold their home near San Francisco and moved to Carlsbad, California, near San Diego. The move wasn’t impulsive. Carlsbad had been on their radar screen for a few years. Like many retirees, the Grembans wanted to live closer to family. Of their three sons, the nearest one... READ MORE

DC Housing News — October 2022

By Ashley Griffin
Posted on October 05, 2022

Balfour Palisades taking reservations A new community offering older adults a continuum of care will soon open in the District of Columbia’s Palisades neighborhood. With a small-town feel, Balfour Palisades will enable residents to stay engaged in the world around them while retreating to a relaxed, cozy setting. The community offers month-to-month lease options without a large... READ MORE

When family caregivers need help, too

By Ana Preger Hart
Posted on September 23, 2022

Baltimore County resident Joanne (last name withheld for privacy) spent the last few years finding caregivers for her mother-in-law, who was suffering from Alzheimer’s. After she passed away in March, Joanne jumped in to organize care for her father-in-law. “I’m not going to say it’s a full-time job, but I spend a tremendous amount of time doing, organizing, dealing with... READ MORE

Easy home fixes with big safety impact

By Liz Weston
Posted on July 28, 2022

If it ain’t broke, maybe you should fix it anyway. That’s the message consumer advocates and insurance experts want you to hear about your home’s hidden dangers. Too often, they say, people put off relatively inexpensive repairs or improvements that could prevent significant damage, injuries or even death. While you can’t eliminate every potential hazard, some small moves can... READ MORE

Services help you downsize and relocate

By Jim Miller
Posted on July 15, 2022

Dear Savvy Senior, Can you recommend any businesses or services that specialize in helping people downsize and relocate? I need to find some help moving my mother from her four-bedroom home — where she’s lived for nearly 50 years — to an apartment near me. —Overwhelmed Daughter Dear Overwhelmed, The process of downsizing and moving to a new home is a big job for anyone, but ... READ MORE

Talk with neighbors who have dead trees

By H. Dennis Beaver
Posted on July 14, 2022

When a neighbor’s tree falls on your property, guess who has to file the insurance claim, pay the deductible and hope that their premiums won’t rise? That would be you. Unless you can establish that the neighbors had knowledge of the dangerous condition and ignored remedying it. “Often homeowners do not understand the importance of maintaining vegetation — primarily trees — and ... READ MORE

How to hire good, but busy, contractors

By Annie Millerbernd
Posted on July 13, 2022

Brian Gawthrop has waited more than six months to remodel his home. The Washington state-based certified financial planner and his wife have a long enough wish list to keep a contractor busy — a kitchen remodel, new flooring, a new deck and many other upgrades. They did a cash-out refinance last summer, which lowered their mortgage rate and gave them money to use toward home... READ MORE