50+ Baby Boomers – Time to Walk Away from your Mortgage?
 

When the Great recession hit, many baby boomers saw the equity in their homes evaporate in a matter of months. What was supposed to be a nice cushion for retirement simply disappeared. Worse yet, many boomers now found themselves in a situation where they owe more on their property than it is worth. They can’t sell their homes – there are no buyers. And there is no refinancing available at current market value. Under these circumstances, does it make sense to put your house keys in the mail to the lender and just walk away?

How Much Money Do You Need to Retire Overseas?

The minimum amount you're going to need to be able to retire overseas and live a reasonable, comfortable life is about $700 per month. If this is your budget, your choices are limited, but you have some good ones. But if your Social Security income is less than $700 a month and you have no other pension to count on, you still have another option for retirement overseas: Calculate how much you would have if you sold everything.

How to Protect Your Family's Assets from Devastating Nursing Home Costs

Many feel that because they own a home or have some assets that they can’t qualify for Medicaid help with their nursing home and doctor’s bills. The truth is there are a variety of assets people can own and still qualify. It’s just a matter of knowing the rules, and making a plan to meet those requirements.

Latest 50+ Baby Boomer Articles

A lot of useful information for 50+ Baby Boomers is published daily. To read relevant Baby Boomer articles from magazines and other websites, go to our Baby Boomer Facebook page.

Start an Internet-Based Home Business

Discover how to start an online business to supplement your retirement income. See what other retirees have done! See our recommended solution for easily creating and marketing a home-based business.  "Techie" skills are not required.