downsizing

6 ways to unlock home equity at retirement

6 ways to unlock home equity at retirement

Recently released results of Manulife Bank of Canada’s Debt Survey revealed that nearly one in five homeowners expect to access home equity to supplement their retirement income with 10%of respondents planning to downsize and use the excess equity to provide retirement income. That got me thinking about what options are available to retirees who want to unlock the value of their home to live on wh... »

The pros and cons of condo ownership

The pros and cons of condo ownership

Many people nearing retirement decide to sell their family home and move to a condo. But if you have pets, love your garden or need guest room space for children and grandchildren living in a different city, it may not be the right decision for you. In fact, one article that has stayed in my mind over the last few years is Why downsizing in retirement doesn’t always work by Dave Dineen, a blogger ... »

Media scan: Week of November 24

Media scan: Week of November 24

This week I wrote Will you get to pick your own retirement date? and How to save money on home insurance and More Saskatchewan residents living pay cheque to pay cheque was posted on savewithspp.com. Here are some interesting articles and blogs I read: How Canadians Can Take Advantage of Black Friday and Cyber Monday Tom Drake, Canadian Finance Blog  Working in retirement is not a retirement plan ... »

Media scan: Week of November 10

Media scan: Week of November 10

This week on retirementredux.com I wrote Fired long-term employee gets $65,000 bridge to unreduced pension and  10 things I can’t live without. My article Looking for guaranteed retirement income? Think about an annuity was posted on Brighter Life and my blog  Retired Syd left work behind at age 44 appeared on savewithspp.com.. Jonathan Chevreau, author of Findependence Day who is well known to re... »