Can't afford to move to a retirement community? Here's help.Many seniors would rather stay in their own homes than move to a retirement community— a preference often motivated by fear of change or the fact that the senior is so frail that a move would be too distressing.
But many seniors won't make the move because they just can't afford to live in a retirement community. And a lot of their boomer children may be in the same situation.
If you or a senior you know is facing this challenge, here are some articles that offer creative ways to improve your financial health.
Five retirement savings tricks
Get your RRSP working for you
Reverse mortgage, home equity line of credit and home equity loans: which is right for you?
What seniors should know about selling their homes (to get the most money for their retirement)
Second Careers, Second Chances for Seniors
Second Careers: How to make yours a success
Nine ways to make money for retirement right now
Government sources of funds