As more Americans insist on aging in place, family members and friends find themselves filling the role of caregiver.
According to the Family Caregiver Alliance, the percentage of caregivers who are caring for those aged 85 or older is 70 percent, with parent care making up the majority of those caregiving situations. Most care recipients – 58 percent – continue to reside in their own homes, with another 20 percent living with their caregiver. Continue reading
For many retirees who are downsizing, moving to a retirement community is not the first step in the process. Some choose to simply downgrade the size of their existing home to a smaller home or even a condominium. When making this kind of a downsize move, it is crucial to follow certain guidelines to ensure the ability to remain safe and secure in your new home. Continue reading
It can be easy to accumulate decades’ worth of items, but not so easy to know what to do with them when the decision is made to downsize.
While the standard advice is to decide what to keep, what to donate and what to dispose of, for seniors and boomers who are downsizing, selling some of the items they do not wish to take with them can help to fund their retirement. Continue reading
Selling a home to downsize is not always the best option for seniors and boomers.
For some, selling an existing home in order to help fund retirement is a reality. Their home may be too big and too expensive to maintain on their own. For others, the death of a spouse leaves them lonely and concerned for their safety when living alone. Seniors and boomers in those situations absolutely should consider selling and downsizing. Continue reading