Should you carry a mortgage into retirement? Before the economic crash last year, financial planners advised many pre-retirement and retired investors to invest any free cash in stocks, rather than pay down a mortgage. But the new economy has ushered in much more conservative attitudes about retirement planning–especially indebtedness. Many planners now advise clients to [...] [...more]
Single-family homes sprawled across communities may have worked for boomers while they were raising families, but it’s an issue for older adults who want to age in place. There’s good reading in today’s Wall Street Journal on how some communities are beginning to plan for grayer populations by designing age-friendly features. The core idea, the [...] [...more]
Is the Great Recession bypassing seniors? That’s the conclusion drawn by a new study looking at the downturn’s impact on different age groups. But I’m not buying it. The Pew Research Center poll reports that Americans over age 65 are less likely to have been forced to cut their spending by the downturn than middle-aged [...] [...more]
The reverse mortgage market is growing sharply due to provisions in the economic stimulus bill, according to the Los Angeles Times ,which cites Federal Housing Administration data showing a 17 percent increase in the number of loans the agency insured in March. The recently signed economic stimulus bill temporarily lifts the limit on the size [...] [...more]
Laurie Orlov grew up in the corporate high-tech world, working for 30 years as an information technology executive and later as an analyst for Forrester Research, the respected technology research company. More recently, she has been applying her knowledge to a pressing question facing baby boomers and seniors: how to age in place safely and [...] [...more]
