Page 2 - Van Wig & Associates Newsletter ~ Nov Dec 2020 Issue

financial security
YOUR MONEY

THE CASE FOR A

RETIREMENT ROOMMATE

by Carla Fried OK, on that last one, just
make sure you’re on the
etting older often same page about how
means living alone. “Sharing the rent, or the often and how long your
GAccording to the Joint place will be invaded.
Center for Housing Studies carrying costs, for a home Yes, you love them. And
at Harvard University, more your roomie may too,
than 40% of people at least that one of you owns but boundaries are how
LAKEWOOD & age 65 live alone, and 57% of • As for payment, the same
everyone stays content.
people in their 80s live alone.
LAKEWOOD VILLAGE At the same time, atop becomes a whole lot easier good financial etiquette
REAL ESTATE EDGE nearly every list of retirement that works for the
worries is this one: running on two checks.” 20-somethings is what you
Publisher out of money. should do as well: Set up an
Allison Van Wig For open-minded seniors automated direct deposit if
CA DRE #00985700 living on their own, adding you are paying the rent.
a roommate, or becoming can free up money to add for those single people who Silvernest.com is all about If you both are paying
the roommate, can be a in supportive services. A have a roommate the strain matching mature folk. You rent, consider setting up
savvy move. Sure, just like housekeeper a few times a hopefully has been less acute. can search as both a roommate a joint bank account and
in your 20s, you don’t want month can be especially valued OK, on to logistics. First looking for a place to live, agree you will both set up
the roommate from hell. But later in life. Or someone to do off, think about friends. Be or a homeowner looking to automated deposits on a
come on, by now you know set date each month to
4435 E Village Rd the heavy weeding in your a trailblazer and raise the find someone to share your
Long Beach, CA 90808 what you like and don’t like. garden. topic with friends who might place. And give some non- cover rent and any other
Your vetting skills are sharp. Or perhaps sharing housing be interested, and within age-specific sites a spin. The shared expenses. And from
562-882-1581 And perhaps you already have costs is what makes it possible your social networks where SpareRoom website recently that account you should
Allison@superbroker.com a network of friends who to live bigger. More travel someone you know might be shared that its volume of users automate payment to the
www.SuperBroker.com might be up for considering (remember travel?). More of a matchmaker. If you are in over age 50 looking for a landlord. Sound formal?
the move, or for helping you whatever floats your boat: a situation where taking on a housing match is growing at Exactly. That’s how you
find a good match. reduce tension over money.
The math is compelling. sporting events, theater, roommate would solve a lot twice the pace of other ages. • Moving out: How much
The average monthly Social concerts. In your 20s, a of problems, do you seriously Insist on a trial run of a advance notice will you be
Security check in 2020 is roommate may have been a think there aren’t other people month before you commit. required to give?
around $1,500. Sharing the necessity. In your 60s, 70s and you know with the same Even if you know someone
rent, or the carrying costs, for beyond, it has the potential to concerns? Be the bold one who as a friend, that doesn’t mean A web search will turn up
a home that one of you owns give you the flexibility to live starts the conversation. you know much about how resources for a roommate
6425 Busch Blvd., the life you want. Don’t be shy about they live. And before anyone
Columbus, OH 43229 becomes a whole lot easier on agreement. It’s a smart step
877.872.3080 two checks. And if you find a mutually mentioning your roommate moves anywhere, run through to take, as it will prompt
www.DiscoverPubs.com Or maybe you’re a suburban agreeable pairing, you’ve also investigation to any local a very detailed list of the you to consider all sorts of
empty nester itching to live in taken a big step in warding groups you belong to, such as nitty-gritty: angles that need to be ironed
Sudoku, Scrabble, Crossword
and articles distributed by the city, yet don’t think you off one of the biggest risks for your house of worship. out before they become
Tribune News Services and have the retirement income the elderly: social isolation. If friends or connections • Will you split grocery bills? problems. n
Brandpoint where noted. to make the move. Might Hopefully we never again don’t come through, see if Share meals?
© Copyright 2020 by
Discover Publications, Inc. sharing city rent make it encounter the isolation that where you live (or want to • How will the common ©2020 Rate.com News
All rights reserved. doable? has been necessary during the live) is represented in online areas be cleaned? Distributed by Tribune Content
Sharing housing costs coronavirus pandemic, but sites that match roommates. • Smoking? Pets? Grandkids? Agency, LLC.
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