How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared

How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared
From the desk of Rio Vista Realtor Ralene Nelson: Just thought I would share this article by Jack Guttentag on three ways to use an HECM (Home Equity Conversion Mortgage). The combination of increased longevity and declines in the coverage of defined benefit pension plans means that increasingly retirees risk running out of money because they live too long. Those who have significant equity in a home, however, can reduce or eliminate the risk if the...

How to choose the best place to retire

How to choose the best place to retire
It seems like every time you go online or open a magazine, there’s a new ranking of the ideal places to live or retire. Money magazine just came out today with its annual list of “America's Best Places to Live,” featuring what it deems the 50 best small towns in the nation at any stage of life. (No. 1: Sharon, Mass.) Then there's Forbes, AARP and Topretirements.com, which compile their favorite retirement locales in the country. International ...

How Will Housing for Grown-Ups Change?

How Will Housing for Grown-Ups Change?
There’s another potential housing crisis coming and this one won’t be a collapse in home values. The nation is facing a lack of affordable, physically-accessible and well-located homes for America’s aging population — especially those with low incomes, according to a new, gloomy study released today by the Harvard Joint Center for Housing Studies & AARP Foundation. “You’ve got a scenario with the largest generation we’ve ever had moving into thei

How to Tell If You Should Move in Retirement

How to Tell If You Should Move in Retirement
From the desk of Trilogy at Rio Vista Realtor Ralene Nelson: Homes in the Trilogy community are affordable and built with the senior in mind. And if you are interested in lowering you utility bill, you have to check out the solar energy. The Trilogy community was created to encourage an active lifestyle. Give me a call to talk about whether Trilogy at Rio Vista is a good fit for you, 707-334-0699. Moving into a less expensive home in retirement can be a

Is it Time to Retire

Is it Time to Retire
From the desk of Rio Vista REALTOR Ralene Nelson: I work with people getting ready to retire everyday. I represent buyers looking for a home for sale in Trilogy at Rio Vista. Trilogy is a great place to retire; it's security gated and safe, sits right on a golf course and is just 25 minutes away from city life.  Many folks approach retirement by asking, what percentage of my current salary will I need to replace? That percentage is usually less than

7 Tips for Downsizing in Retirement

7 Tips for Downsizing in Retirement
From the desk of Rio Vista Realtor Ralene Nelson: When getting ready to retire, it is always a good idea to consider all of your options. This article explains how to improve your retirement finances by moving into a smaller house. Couples often start their married life in a tiny starter home, upgrade to a slightly larger home to raise a few kids, and then stay in that hopefully mortgage-free home in retirement. But many retirees no longer need a se...

Aging in the Right Place

Aging in the Right Place
From the desk of one of Trilogy at Rio Vista REALTOR, Ralene Nelson; If you are in your mid-fifties it is so important to start thinking about where you are going to spend your retirement years. When it comes to our generation of Baby Boomers, a little exercise and self-control has meant the quality of life expectation has soared, and it is not uncommon to live into your 90's. This article talks about the housing issues that face our generation as it gets

Advice for seniors moving to a smaller home or retirement community

Advice for seniors moving to a smaller home or retirement community
From the desk of one of Trilogy at Rio Vista REALTORS Ralene Nelson; If you are planning on moving to a smaller home or retirement community, first, take some time to review these Do's and Don'ts, then come take a look at Trilogy at Rio Vista - you will love how it feels. Call me at 707-334-0699. You’ve decided the time is right to move to a smaller home, apartment or retirement community. But where do you start? The entire process seems extremely overw

Tax Breaks for People Over 50

Tax Breaks for People Over 50
From the desk of Rio Vista Realtor Ralene Nelson: Just thought I would share these tax breaks for all of you boomers out there. Growing older qualifies you for a variety of tax perks that aren’t available to younger workers. After age 50, and especially at age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all. Workers over 50 can also defer or av...

Boomers say Internet, travel, pet care are basic needs

Boomers say Internet, travel, pet care are basic needs
From the desk of one of Trilogy at Rio Vista's Realtors Ralene Nelson: When selling Trilogy at Rio Vista homes I work with baby boomers everyday and at the Trilogy development they get the internet connection, shopping is just 20 minutes away, a local Rio Vista veterinarian is available and many more pet care facilities in Antioch and Fairfield are just minutes away. Trilogy is a gated retirement community on the golf course with energy efficient affordabl