Sentences with phrase «home during their retirement»

Many people envision living in their family home during their retirement years, but they may not be the best decision for many retirees.

Downsizing to a less expensive home during retirement can improve your finances.

Will you stay in your current home during your retirement or will you be downsizing?

Floridians are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

Washingtonians are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

North Carolinians are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

Coloradans are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

Nevadans are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

New Jerseyans are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

Pennsylvanians are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

Texans are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement.

Not exact matches

According to Chris Matcovich, vice president of data and communications at TiqIQ, the average ticket price for a Yankees» home game during the 2014 season increased to more than $ 217 from $ 206 within just a couple hours of the retirement news.

As well, points out Jurock, the recreational and retirement property boom of a few years ago was «driven by Dad,» whose investing prowess during the stock market run - up put him in a position not only to buy that retirement dream home but to front the kids a down payment for their own place.

I have drawn on my retirement to stay alive during those times, but I lost my home as a result of this — a home I lived in for 25 years.

During a given week, he may be called to the home where a child has died, asked to appear in court to help a teen - ager in trouble with the law, consulted by a woman suffering from menopausal emotional problems, called on by a man who has just learned he has cancer, and another whose self - esteem is shaken by mandatory retirement.

President John Dramani Mahama has asked the New Patriotic Party (NPP) government, to allow him retain the official bungalow he occupied during his tenure, as his retirement home.

He said people aging with HIV who are still working may need more time off to take care of themselves or rest breaks during their shifts; reforming retirement benefit programs could allow people with HIV to remain in the workforce as long as possible; retirement homes and long - term facilities need to be more welcoming places for older people living with HIV.

There is a ton of debate about this, but borrowing against the equity of your home is an option that is available to you during retirement.

But the point is that by doing some «lifestyle planning» and considering such issues how best to stay engaged with family and friends as you age, whether to work or volunteer during retirement, whether stay in your current home or downsize (or even relocate to a new area), the bigger the payoff you'll get from the saving and investing you did throughout your career, and the more rewarding and gratifying your retirement years will be.

A recent study also revealed that 25 % of those surveyed said they'd likely buy a second home, such as a vacation or beach house, to use during retirement.

If an income gap is anticipated during retirement, perhaps it can be eliminated through lifestyle changes in your fifties and sixties - for example, by saving at a higher rate, working longer, tapping into home equity, or deciding to have a less luxurious lifestyle in retirement.

they need to protect assets like their home and RRSP's since they will have little ability to replace these investments before or during retirement.

While living at home, I made sure to max out the $ 5,500 annual contribution for two years, so I wouldn't be so concerned about saving for retirement during my initial months as a freelancer.

During the first few years of his retirement, Marjorie Edgeworth's husband, John, used to pace outside the door of her Toronto home office waiting for her to finish work.

Seniors who have accumulated equity in their home during their income earning years and have no particular concern about leaving the house in their estate are most likely to use a reverse mortgage to fund their retirement living.

The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older enhance their cash flow during retirement.

Remember, you're home can be an asset during your retirement if you choose to sell.

In addition, a person needs to file an income tax return if she sold her home during the tax year; owes taxes because of a retirement account from distributions or excess contributions; or owes Social Security and Medicare taxes on tips not reported to an employer or on wages for which the employer did not withhold taxes.

Andy and Beatrice fully intend to age in place in their new home, and are thrilled they don't have a monthly mortgage payment during retirement.

Since manufactured homes tend to be cheaper than single - family homes, the difference in price could help seniors retire earlier, supplement their incomes during retirement and even pay for moving costs.

For many older Americans, their home equity represents a large part of their wealth, a number experts say currently exceeds $ 5 trillion in the U.S. Knowing that you have the ability to use this money, if need be, is a comforting notion for many, considering that a large portion of older Americans do not have enough money saved up to secure their quality of life during retirement.

Especially if you're in a home that you may downsize at some point during your retirement, this may be a strategy to consider.

In this case, home ownership becomes (1) a type of investment diversification, (2) insurance against rising rental costs and (3) insurance against being forced to relocate during retirement years (stressful, uncomfortable, risk of lifestyle downgrade).

Property acquired by the spouses during their marriage (e.g., family home, retirement plan assets) generally qualifies as marital property.

Their retirement plan was so simple, and it provided them with a nice life — Florida in the winter, and trips home to visit family in England during the summer.

Allocating leftover sums of money over time can turn into traveling during retirement or owning a second home.

Many family law cases can put the most important things in our lives at risk — relationships, access to children, ownership of homes and income, future finances, security during retirement, and in some cases, closely held family businesses.

During their 26 year marriage, the first wife, now 80, had never worked outside the home and, when in 2008 — 24 years after their divorce — the man, now 71, asked Quebec's Superior Court to reduce his alimony payments (which were, at the time, $ 2,911 per month), he said his financial situation had changed due to his recent retirement, and downturns in the global markets.

If you have a great group of friends you think you could share a home or even a multi-unit property with during retirement, it can be a great savings for everyone involved.

If keeping your home is important to you, consider options like sharing your home with family or close friends during your retirement years.

Whether you choose to stay in your home or move during retirement, it will be important to have ample cash on hand that can fund renovations of your existing home or the purchase of a new one.

Common types of property divided during divorce are real property such as the family home, personal property like jewelry, and intangible property like income, retirement benefits, and debts.

The issues that are typically addressed in mediation are issues related to children: legal custody and residential custody, visitation, child support, allocation of college expenses for the children, health insurance, life insurance; alimony and spousal support; division of real property, including the family home; division of tangible personal property including motor vehicles, boats, furniture, furnishings, art work, etc.; disposition of other property accumulated during the marriage, including bank accounts, investment accounts, pension / profit - sharing / retirement accounts, etc.; payment of credit cards and other debts, and tax matters including decisions relative to filing joint or separate tax returns and claiming the children as dependency deductions.

Custom Home Offering Less Maintenance Hassles During retirement, retirees often don't want to deal with major maintenance and repairs that are associated with larger, older homes.

Buyers can have the home built at a chosen destination that offers everything they could possibly need during their retirement years.

About one in four boomers say they likely will buy a second home to use during their retirement years, such as a vacation or beach house.

Generosity aside, this could be a dangerous game for Baby Boomers to take on a new home mortgage during a time when their income could be winding down, or when many need to rely on their home equity to fund their retirement.

With such heavy reliance on a parent's asset to fund a child's home, what happens when the newly bought home is not appraised for the purchase price — which is rather common — or when an adult child's home loses value during a downturn, and does not sell for enough to repay an aging parent's retirement savings?

Access to funds from one's home equity to pay bills and expenses during retirement or pay off other obligations can prove an immense help and an alleviation of financial worry.

More and more seniors are finding that their largest investment during retirement is their homes and the HECM loan offers a much needed means to accessing retirement funds.