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Real Estate
The Real Estate Adviser |
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October 7, 2004
The Real Estate Adviser: Longer life-spans can put strain on finances
By TOM KELLY
Special to the Journal
Special to the Journal
The complexity of family aging is one of the prime reasons American households desperately need more sources of "financial literacy'' according to analysts and educators studying the evolution of the home from a simple shelter to an extremely valuable, complicated asset.
Neal E. Cutler, a professor in the school of business administration at Widener University in Chester, Pa., was asked to explain the new science of "wealth span planning" to a group of mortgage lenders trying to explore the need for consumer financial products and training that were simply not necessary a generation ago.
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Previous columns:
- The Real Estate Adviser: Capital gains rules still perplex many, 09-30-2004
- The Real Estate Adviser: Reverse mortgage loans are getting hot, 09-23-2004
- The Real Estate Adviser: Snowbirds can get help with their flight plans, 09-16-2004
- The Real Estate Adviser: This mortgage scam targets young couples, 09-09-2004
- The Real Estate Adviser: Credit fraud, repair: two separate battles, 09-02-2004
- The Real Estate Adviser: Raffling a house can benefit seller, nonprofits, 08-26-2004
- Real Estate Adviser: Should agents also originate loans?, 08-12-2004
- The Real Estate Adviser: Mortgage insurance confusing, 08-05-2004