The Next Gen of Renters: Mom and Dad

Posted by Silvernest Team on May 23, 2019 9:52:48 AM

This is a guest post from RentCafe.com, a nationwide apartment search website.

 

America’s older population is growing at a very fast pace, and today’s demographics look substantially different than they did only a decade ago. In fact, U.S. Census data shows more than 22% of the current population is over the age of 60.

 

The overall aging of the population is not merely an outcome of the economic hardship following the 2007 Great Recession, reflected in declining birth rates, but also a result of the baby boom cohort, America’s largest living adult generation, passing age 53 in 2017. Advances in healthcare and technology have also helped to spur longevity.

 

5 Ways to Make Money with the Extra Space in Your Home

Posted by Kate Cygan on May 13, 2019 4:34:18 PM

For most people, our homes are our biggest tangible assets. So it seems like a no-brainer to put them to work and make a little money if we can. Airbnb is a big success story, but not everyone wants to rent out their homes for vacationers. Luckily, turning your house into a short-term vacation rental isn’t the only way to make money with your extra space—and we’ve got five creative ideas that prove it.

 

Data Shows Why Shared Housing Makes Sense

Posted by Carol Marak on Apr 30, 2019 12:59:43 PM

 

Most U.S. cities have a high population of residents living alone. For some individuals, it’s status, and for others, their life just turned out that way. Although a few prefer singlehood compared to being married, I’m part of the latter group. Living alone carries a heavier burden for the single segment. An individual is solely responsible for rent or mortgage, income and property taxes, utility bills, car expenses, and insurance bills. Sharing doesn’t exist, not even for tough decisions.

Home Sharing: The New Retirement Solution

Posted by Annamarie Pluhar on Apr 30, 2019 12:56:51 PM

 

Arnie calls her home “my accordion house” and laughs.

It’s a huge Victorian building in the center of Concord, New Hampshire. She inherited it from an aunt who lived on the second floor until her death. When her husband died at an early age, she was suddenly a widow of very limited means. Committed to keeping the home she loves, she got creative, renting every single bit of it in a number of innovative ways. She loves living with home-mates.

Build Your Retirement Plan with the Three Ls

Posted by Jerry Golden on Dec 6, 2017 3:14:05 PM

You know about the Three R’s of schooling—reading, ’riting and ’rithmetic – that continue to form the foundation of education even as it becomes much more complex and sophisticated.

 

Seven Ways to Use Homesharing Income

Posted by Silvernest Team on Nov 2, 2017 11:25:03 AM

seven-ways-homesharing-income

If someone handed you an extra $700 cash, you would be pretty excited, right? Maybe you would splurge a bit, go out for dinner, or buy that new pair of shoes or new computer you have been dreaming about.

 

For many who are empty nesters, semi-retired or retired, life is all about budgets, and fun extras become rare or nonexistent. Many older Americans do not have enough money saved to comfortably retire and maintain the lifestyle they were accustomed to.

 

Find Your Income Power: Planning for Retirement Income That Will Last as Long as You Do

Posted by Jerry Golden on Oct 11, 2017 5:13:08 PM

Perhaps your net worth is $500,000 and you justifiably feel successful. At the same time, you probably still worry: When you choose to retire, will you have enough money to last the rest of your life?

 

Retirement Rule #1: Understand it has Stages

Posted by Silvernest Team on Sep 29, 2017 6:47:54 AM

We’re ending September by sharing some new voices and blogs all focused on skills and inspiration for this stage of life. We are all on different paths – some of us are working, some of us are retired, some of us are trying to figure out how to embrace both!

Silvernesting and the Solo Ager

Posted by Sara Zeff Geber on Sep 12, 2017 7:12:02 AM

When I looked around me at age 60, I noticed many of my friends spending a tremendous number of hours taking care of their aging parents.  The tasks they performed took months and those months often turned into years. They arranged drop-in caregivers, picked up prescriptions, took over management of their finances, helped sell their home, chauffeured them to doctor appointments, and in some cases, moved back into their childhood room in the house where they were raised so they could take on the role of live-in caregiver.  It was quite often a rewarding experience for all.

 

Take Control of Your Destiny!

Posted by Sandra Hughes on Aug 20, 2017 9:47:39 AM

Are you several years away from retirement and anticipating what that will mean?  Do you need a career change because you want to spend your remaining working life in a job you enjoy? Are you ready to retire and considering what is next? Are you already an entrepreneur running your own business? When it is time, are you going to even want to retire, or will you be in a financial position to retire?