You have spent years paying off your mortgage. Maybe you can afford to buy a rental or vacation property. Or buy your trophy home and entertain family and friends. Or perhaps you need some home equity to pay for college tuition. Lots of home and real estate decisions to make.
A big part of your net worth is built into your primary home or multiple homes if you previously bought investment properties. The big question for you is “do you have visibility into what the net worth really is and what is the forecasted value of this key part of your retirement?” Read More
The National Association of Realtors (NAR) has conducted some studies that showed us what top cities many baby boomers are moving. These cities are not necessarily where baby boomers are retiring. They are considering these cities to continue working with a lower cost of living and some good weather. Many individuals are not ready to retire. But realize that a lower cost of living can support their final plans for retirement. With a pre retirement city move, boomers can add more to their retirement packages. Boomers also want warm weather locations, which are good for the body as we continue to age. Here are the top five cities that NAR has discovered has many baby boomers moving to prior to their retirement.
What cities did you guess? Read More
Most people define that Baby Boomer generation as those born between 1946 and 1964. Which puts them in the age range today between 50 and 68. As with any generation, there are people with varying degrees of financial security. Which means different things regarding how boomers view their homes. Let’s take a deeper look at a few different trends. Read More