Financial and Life Planning Resource Directory
Sponsored by
The Association for Integrative Financial and Life Planning
and The Life Planning Network
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Consumers/clients: Late career, retirement
Home
Home: Geographic location
Home: Kinds of domiciles and living arrangements
Home: Timing of moves, changes
Banks, James, et al, Housing Mobility and Downsizing at Older Ages in Britain and the United States
RAND Corporation, September 2010, Free
http://www.rand.org/pubs/working_papers/RAND_WR787.pdf
Finding that Americans are more likely to downsize than Britons, due to greater mobility, the authors analyze the causes of greater mobility in the U.S.
Boldt, Rebecca, et al, Do Rising Property Taxes Lead the Elderly to Move from their Homes?
Robert M. La Follette School of Public Affairs at the University of Wisconsin, October 2009, Free
http://www.lafollette.wisc.edu/publications/workingpapers/reschovsky2009-026.pdf
The authors discovered that among homeowners over the age of 79, only 1 in 300 moved because their property taxes grew at an above-median rate, and even most of these taxpayers were not actually being forced out of their homes because they could not afford their increased property taxes.
Morris, Barbara H., Moving for Seniors: A Step-by-Step Workbook
1998, $10.95
http://www.amazon.com/Moving-Seniors-Step-Step-Workbook/dp/0967123909/ref=pd_sim_b_2
A guide for seniors and their adult children to assist those who are trying to decide whether it is time to move and how to work through the process.
Home: Use of home equity
Garcia, Norma Paz, et al, Examining Faulty Foundations in Today’s Reverse Mortgages
Consumer's Union, December 7, 2010, Free
http://www.consumersunion.org/pdf/reverse-mortgage-report-2010.pdf
The authors examine the ways in which the marketing of reverse mortgages has served older consumers badly, and what should be done about it.
Product Complexity and Consumer Protection Issues Underscore Need for Improved Controls over Counseling for Borrowers
U.S. General Accounting Office, June 29, 2009, Free
http://www.gao.gov/new.items/d09812t.pdf
This study by the U.S. government watchdog agency finds that marketing materials related to reverse mortgages sometimes contain inaccurate or incomplete information, or use questionable sales tactics.
Redfoot, Donald A., How Recent Changes in Reverse Mortgages Impact Older Homeowners, February 2011
http://assets.aarp.org/rgcenter/ppi/ltc/fs211-economic.pdf, Free
Redfoot notes that the mortgage loan crisis is generating an impetus for more consumer protections, but there is also an increase in the cost and complexity of reverse mortgages.
Reverse Mortgages: Leaving Seniors and Taxpayers on the Hook?
U.S. Senate Special Committee on Aging, June 29, 2009, Free
http://aging.senate.gov/hearing_detail.cfm?id=317031&
Congressional hearings on issues related to reverse mortgages.
Tapping Home Equity in Retirement: The MetLife Study on the Changing Role of Home Equity and Reverse Mortgages
MetLife Mature Market Institute, June 2009, Free
http://www.metlife.com/assets/cao/mmi/publications/studies/mmi-tapping-home-equity-retirement.pdf
This report examines what people can do and what they choose to do with home equity in order to increase income security, enhance financial resilience, and improve debt management.
Zedlewski, Sheila R., et al, How Much Could Reverse Mortgages Contribute to Retirement Incomes?
Urban iInstitute / Retirement Policy Program, September 2008, Free
http://www.urban.org/UploadedPDF/411763_reverse_mortgages.pdf
The authors find significant potential in reverse mortages, but not necessarily for those most in need, since there are relatively low homeownership rates for low-income, single, and the oldest seniors.
Home: Other / general / not specified
FamilyCare Real Estate Network (National Caregivers Library)
http://www.caregiverslibrary.org/Default.aspx?tabid=920, Free
A short but growing list of realtors who focus on helping seniors.
Find an SRES (Senior Real Estate Specialist) (National Association of Realtons)
http://www.seniorsrealestate.com/find_an_sres.cfm, Free
Locate a real estate agent certified as a specialist in working with and for seniors.
Gore, Wilma Willis, Just Pencil Me In: Your Guide to Moving & Getting Settled After 60
Linden Publishing, 2002, $12.95
http://www.amazon.com/Just-Pencil-Me-Getting-Settled/dp/1884956211/ref=sr_1_23?s=books&ie=UTF8&qid=1281045032&sr=1-23
Gore's advice can help make your move an enjoyable adventure, or at least not a complete horror show.
Information for Senior Citizens (about Housing) (U.S. Department of Housing & Urban Development)
http://portal.hud.gov/hudportal/HUD?src=/topics/information_for_senior_citizens, Free
Offes a variety of housing information for seniors (including, among other examples) options that can help you stay in your own home or find affordable rental opportunities.
Keefer, Amber, "How to Hire a Realtor Who Specializes in Selling Homes for Seniors"
http://www.ehow.com/how_2362332_hire-realtor-who-specializes-selling.html, Free
Five tips for finding a realtor who can best help holder buyers and sellers.
McLinden, Steve, "10 top mistakes for seniors buying or selling homes"
http://www.bankrate.com/brm/news/real-estate/20050310b1.asp, Free
A good list of tips for older people who are looking to buy or sell.
National Association of Senior Move Managers
http://www.nasmm.org/service/index.cfm, Free
Find a specialist in various states who can help with a residential move for older people.
SeniorOutlook After-55 Housing & Resource Guide (SeniorOutlook.com)
http://www.senioroutlook.com/search.asp, Free
Find senior housing possibilities by type of housing and location.