Heading off a housing crisis for an aging America

Debates about improving America’s infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors. By 2035, one of every three U.S. […]

Federal lawsuit targets housing discrimination against LGBT seniors

A wide array of research has documented continuing housing discrimination against older lesbian, gay, bisexual and transgender people. For example, a survey of LGBT adults living in long-term care settings by Justice in Aging, a legal advocacy group, found that a majority believed they would face discrimination from housing staff if they were open about […]

Five ways to improve retirement math when you haven’t saved

A large segment of American workers are approaching retirement with very little or nothing saved: Among workers age 55 or higher and nearing retirement, 48 percent have saved less than $100,000, according to the Employee Benefit Research Institute. A third have less than $25,000. The savings shortfall means many Americans face the prospect of retiring […]

Aging in place is popular, but does it always make sense?

It’s been a mantra in recent years: most Americans want to stay right where they are in retirement. Aging in place is the preference expressed by older Americans in most surveys – a view that springs, in part, from rebellion against the notion that retirement communities in the Sunbelt states or institutional settings like nursing […]

Own or rent in retirement? Let’s run the numbers

If you own your own home are you reconsidering the wisdom of that move? Pride of ownership is worth a lot – I agree with that 100 percent. But what about the cost of ownership? It’s something that many people underestimate – especially as they build equity in their property. Should you own a home […]

Retirement insecurity: Two studies underline housing and income challenges

Next Monday marks the sixth anniversary of the bankruptcy filing of Lehman Brothers, a key event in the Wall Street meltdown that led to the Great Recession. The recession wreaked havoc on the retirement plans of millions of Americans, and two studies released last week suggest that most of us haven’t recovered well. The Joint […]

More Americans are aging in place; Can towns and cities adapt?

The graying of the American homeowner is upon us. The question is: Will communities be ready for the challenges that come with that? The number of households headed by someone age 70 or older will surge by 42 percent from 2015 to 2025, according to a report on the state of housing released last month […]

It takes villages: Boomers’ alternative approach to retirement living

Where do retired recreational vehicle enthusiasts go when they get too old to hit the road? Some are parking – permanently – at the Escapees Care Center, an adult day-care center in Livingston, Texas, where they can live in their RVs and pay monthly fees that cover whatever care they may need and commune with […]

Government set to crack down further on reverse mortgages

The federal government is getting ready for round two of the Great Reverse Mortgage Crackdown. Earlier this year, the Department of Housing and Urban Development eliminated one of the most risky reverse mortgage programs – upfront lump-sum loans issued at fixed interest rates. Now, it is proposing to further discourage big lump-sum reverse mortgages by […]

These women will try retirement ‘Golden Girls’ style

The big four-story house in suburban Pittsburgh might remind you of the set of “The Golden Girls.” But unlike the hit TV sitcom of the late 1980s and early ’90s, the three women who live there are not in it for the laugh track. Karen Bush, Louise Machinist and Jean McQuillin bought the Mount Lebanon, […]