Tag Archives: retirement

Five Reasons to Retire to Riverton City

Retirement in Riverton

Retirement in RivertonYou’ve worked so hard all your life and are now ready to retire. Where would you go? There are a lot of tropical countries that you could live in that will be suitable for your retirement budget. However, if transplanting yourself to another country is not in your plans, you could always transfer to another state within the United States that is known to be friendly to retirees.

Riverton, Utah is one of the places that you can live in during your retirement years. Here’s why Riverton is the best place for retirees.


The city of Riverton has maintained its intimate and low-key elegance throughout its 150 years of existence. The most charming aspect of Riverton is its small-town community having people who are community-oriented. Retirees that live in Riverton take part in communal activities that are held on a regular basis.


Another reason for moving to Riverton is its geographic location that allows retirees to engage in a multitude of outdoor activities. This city has national parks, lakes, and mountains that offer a lot of activities for every season.


Utah is considered one of the top ten best states to retire to. The cost of living within the state is not as expensive compared to other states. This is the reason a lot of retirement homes in Riverton were built during the past several years.


The city of Riverton practices environmentally-friendly activities that are taught to resident families and children. This helps maintain the beauty and elegance of the city.

Family-Oriented Environment

Besides being treated as family, retirees moving to Riverton will notice the strong family-oriented values of Riverton’s residents. Children are polite to their elders and have strong moral values.

So if you are looking for a place to retire to, look no further; Riverton City in Utah is the perfect place for you.

Reverse Mortgages: What They Are and How They Work

Reverse MortgageAs a person approaching retirement, you’re likely in need money to cover your healthcare expenses, pay off an existing mortgage, or even pay for home improvement. At this point, you may be considering getting a reverse mortgage as it allows you to get fixed monthly payments without the need to repay a loan or move.  

Citycreekmortgage.com notes that while this may sound easy and straightforward, it is essential to understand what reverse mortgages are and how they work.

What is a reverse mortgage?

This is a loan that allows you to get cash in exchange for your home equity. This product was invented years ago to help seniors facing hard economic times access equity in their homes. It is estimated that between 1990 and 2010, over 600,000 reverse mortgages were issued.

How do reverse mortgages work? 

In the case where you purchased your home with a forward or regular mortgage, you made monthly payments to the lender and eventually built up equity in your home. In a reverse mortgage, the opposite happens. The lender now pays you on a monthly basis which means that he gradually purchases the equity in your home. The loan is now repaid when you sell the home, pass away, or when your home is not your principal residence.

Advantages of Reverse Mortgage

Reverse mortgages have many benefits.

The chance to decide how you would like the cash to be paid out to you. It can be done in a single lump sum, in a line of credit where you decide how and when your available cash gets paid out or on a regular monthly cash advance.

You also don’t have to repay as long as you live in the home as a principal residence no matter how the cash is paid out.

According to the Federal Trade commission, if you receive payments worth more than your home’s value, you’ll not owe more than the value of your property.

You still remain the owner of the home and cash advances are non-taxable.

So if you’re considering a mortgage, shop around and compare your options. There are different mortgages available in the market and your mortgage planner will be happy to explain what each mortgage requires and the features of each one.

Things to Look for on Your Visit to Retirement Homes

Old Woman

Old WomanOld people may require more care than the average person. They cannot do the things they used to do due to an illness, or simply old age. It can be difficult to balance your personal life when you have to take care of someone at home all the time.

It can prevent you from attending important meetings or even going to work without anyone covering for you at home. This is why retirement homes are better options to take care of the seniors in the family. In Logan, when looking for assisted living, Legacyretire.com suggests paying attention to these things.

The Community

It’s important you find a place that will care for the elders and allow them to do stuff on their own. You can easily get the sense of what the community within the home is on your visit.

Take the time to observe how residents are treated.  Make sure you’re leaving your family in good hands.  Get to know the other residents they will live with. It’s practically the same as moving into a new house and getting to know the neighbors. This will dictate their happiness in staying in a retirement house.

The Activities

Retirement should not be just about waiting. A good home should provide the elders several enriching activities every day. To combat memory loss, encourage them to learn new things. From games to fun activities, all residents should have a chance to explore and have fun while their families are away. Look at the calendar of events and you will know if your parent will have a great time.

Visit several quality retirement homes for assisted living in Logan. Retirement housing spaces offer different levels of care. Look for these qualities when looking for a place where the seniors in the family can spend their time.