Category Archives: Active Adult Living Financial Tips

Five Tips on How to Sell Your Home Fast

Are you planning on moving and trying to sell your home as fast as you can? Well, you are in luck as the real estate market is more on the seller’s side and people are buying homes as the interest rates are low. However, low-interest rates alone will not persuade a buyer on a sale. Here are five tips you can implement in order to sell your home fast.

Types of Rentals for Active Seniors

Many 55+ seniors prefer the less demanding task of renting homes because they do not wish to spend all their savings on the purchase of a home. Some 55+ seniors are just not interested in making a long-term investment that goes with buying a home. Whatever your preference, there are four categories of renting that you should be aware of. These are short-term rentals, long-term rentals, weekend getaways, and rent-before-you-buy. If you are interested in renting a home, you will be benefited by understanding what these four categories entail.

Financial Tips for Seniors – How to Live Well on a Fixed Income

Day to day living on a fixed income can be extremely tough for anyone. This fact is especially so for seniors on fixed incomes. As nothing much in life can be done without money, you need to know how to make the most of your senior years and live well on your fixed income. Below are a few financial tips that will help you through this phase in life where income is a fixed derivative of the efforts you had put in, during the working years.

Affordable Senior Travel Destinations in the US

Affordable Senior Travel Destinations in the US

Summer is just around the corner. Before you know it, flowers will be blooming, the air will be warmer, and the clothes more loose and comfortable… all the signs of summer will be upon us. Some may prefer staying at home and enjoying the hot, summer days while others may wish to spend these days in other parts of the country. For many seniors, traveling is on the cards, especially if you have been saving up for this. However, there are many good deals that you can make use of that is affordable and senior-friendly. Below are 3 great budget holiday destinations, within the US, for seniors.

Using Your Pension Funds Wisely

As you approach retirement, your thoughts will automatically shift from saving your pension to how you will utilize it.  Retirement funds need to be utilized wisely as, unless you have a part-time job, this will be your main source of income for a long time.  This requires you to pay special attention to drawing up a spending plan.  This plan depends on your lifestyle.  How do we wish to live?  Lavishly or frugally?  The best way to utilize your pension is to live within your means without too much overspending and considering proper options.  This does not mean you should compromise on various aspects of good living.  Below are a few methods that can be considered in using your pension funds wisely, so that it lasts a long time.

Which Type of Mortgage Loan Would you Choose to Buy Your Home?

If you have decided to buy a home to retire in, it is time to act fast and get your mortgage. But wait! Things have changed significantly since the time you may have walked into a bank and gotten a mortgage for your first home. Did you know there are different types of mortgages? Which one will you choose when buying your home? Having a basic understanding of these mortgages will help you choose the most suitable. Below are three popular mortgages that can be considered when purchasing a 55Plus senior home for retired living.

senior couple doing the income tax declaration online

Georgia Tax Benefits for Seniors

More and more retirees are considering moving to the wonderful state of Georgia. Why? Apart from all that ‘the Goober state’ has to offer, Georgia also has excellent tax benefits for seniors. If you are senior over the age of 65, you would understand the lure of Georgia. Most seniors live on a fixed income. Taxes and other extra expenses can cut into their income and lifestyle. This is one of the main reasons why seniors are moving to Georgia.

Are You a Senior Seeking a Job After Retirement?

When Time is at Hand After Retirement, How do You Find another Job?

Retirement may be all exciting in its early stages. However, it can get boring when you have nothing but time on your hands. This may prompt the thought of returning to work, at least on a part-time basis. Are you seeking re-entrance to the workforce, now that you have thoroughly enjoyed some time in retirement? If so, there are a few factors that you should consider before applying for a job.