Archive for the 'Retirement/Planning' Category

11
Apr
11

Downsizing Boomers Glut Resale/Rummage Market

Call it the great American sell-off . For years now Americans have been gathering and collecting at an amazing pace, filling homes that over the past half-century have more than doubled in size, to an average of nearly 2,500 square feet. And even that hasn’t been enough to contain our nation’s overflow of stuff. These days nearly one in 10 U.S. households maintains at least one self-storage unit, 65 percent more than did so in 1995. Filling these spaces, of course, comes naturally to baby boomers. Born into the giddy postwar climate of conspicuous consumption and weaned on decades of easy credit, they’re a generation accustomed to regularly leaving offerings at the altar of retail.

That is, until they hit the empty-nest, time-to-start-downsizing phase—and begin wondering what to do with their mountains of accumulated stuff.  

…Expect a hired liquidator to do something like:

  • —charge 35 percent of the final kitty.
  • offer extensive advertising—her mailing list yields more than a few diehard big spenders who sleep overnight in front of the house for the privilege of first dibs
  • —staffs the sale with up to a dozen helpers, and transforms the home into a retail boutique, polishing silver, washing baseboards and bringing in tables, racks and display cases.
  • she arranges for leftovers to be donated and leaves the house, in industry parlance, “broom clean.”

Try eDivvyup to slice up estates in house.

as usual, click photo for story

01
Feb
11

Places for Bargain Retirement Homes

In the suburbs of New York and Los Angeles, a four-bedroom home with a pool, three-car garage and vaulted ceilings In Pictures: Best Places for Bargain Retirement Homescould easily set you back $2 million or more. But 20 minutes from downtown Oklahoma City, a 2,800- square-foot house with those amenities at 9201 S.W. 26th St. is listed for a mere $239,500.

That may seem like an unusually low price, but it’s close to the norm in Oklahoma City, which tops our list of the best places to find bargain retirement homes.  more

09
Apr
10

Max out SSI

tx

06
Apr
10

7 Retirement Risks to Prepare For

Older woman using a laptop on the beach (Corbis)usnews

Emily Brandon, On Monday April 5, 2010, 2:35 pm EDT

There are many things that could go wrong with even a carefully planned retirement. Inflation, running out of money, and future stock market slumps are possibilities that all retirement savers need to prepare for. A recent Society of Actuaries survey of 804 people ages 45 to 80 identified older American’s greatest retirement concerns. Here is how to make sure these common retirement worries don’t become your reality.




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