Jack Taylor

Still Dreaming of Retirement in the Sun Belt?

August 18, 2023 by Jack Taylor

In 2015, when Diana and Charles Cox were considering where to retire, they drove their R.V. across the Southwest to visit several possibilities: Santa Fe, Sedona, Phoenix, Las Vegas.

They’d lived in San Jose, Calif., for nearly 20 years, but Ms. Cox was winding down her practice as a biotech patent attorney, and her income was dropping as taxes, housing and other living costs were rising.

Her husband, 71, a contractor, had retired years earlier. “I was having more and more trouble paying the mortgage,” said Ms. Cox, who is 69.

They May Be Just Acquaintances. They’re Important to You Anyway.

August 18, 2023 by Jack Taylor

Victoria Tirondola and Lam Gong first struck up a conversation last spring at the dog run in Brookdale Park in Bloomfield, N.J., when they realized that each owned a dog named Abby. Ms. Tirondola, 65, an insurance sales representative who lives in nearby Cedar Grove, has a tiny bichon-poodle mix. Mr. Gong’s Abby, older and portlier, is a terrier-beagle.

They chatted about dogs at first. Then they learned that they both cooked, so “we talked about food and restaurants,” said Mr. Gong, 67, a retiree living in Clifton.

You May Need That Procedure. But Do You Really Need an Escort?

August 18, 2023 by Jack Taylor

Robert Lewinger is tired of being berated by his gastroenterologist because he’s overdue for a colonoscopy. He’s perfectly willing to have one. And he’s more than ready for cataract surgery on his second eye.

The problem: Mr. Lewinger, 72, a retired lawyer who lives in Manhattan, can’t schedule either of these procedures, which involve anesthesia or sedation, unless he supplies the name and phone number of the person taking him home afterward. Otherwise, clinics and outpatient surgical centers refuse to make appointments.

A Great Credit Score, but She Can’t Get a Mortgage

August 18, 2023 by Jack Taylor

In late 2019, Molly Stuart’s contract ended at the community college where she worked. “Normally, I’d just get a new job, but then Covid happened,” she said. So she collected unemployment for awhile, then retired.

In 2021, hoping to give herself some financial breathing room, she tried to refinance the three-bedroom ranch house she had bought 18 years earlier on an acre of land in Sacramento County, Calif.

“I’m an extremely good risk,” said Ms. Stuart, 60, a lawyer. She had a 30-year work history and a credit rating above 800. Her remaining mortgage was $102,000, but she estimated that the house was worth about $500,000. She had already paid off the mortgage on another house in Sacramento, which she rented out.

But her mortgage company denied her application. “I didn’t qualify for a refinance because I didn’t have enough income,” she said. “It was extremely frustrating.”