Can you still buy a house after you've retired?

Plus, free baby stuff, joint bank accounts, get paid to move & more April 26, 2022 [The Penny Hoarder Daily Newsletter]( [Tally]( Hey Penny Hoarders, After renting for 10 years, a [retired couple is getting pushed out of their house]( by a greedy landlord. Can Dear Penny help them find a forever home? Plus, when was the last time you got a medical bill and said, “That seems reasonable”? We’re guessing never. Instead of panicking, learn how to [broker more palatable terms]( the next time you’re billed. [Debt]( [How to Negotiate Medical Bills: A Step-by-Step Guide]( Ignoring your looming medical bills won’t magically make them disappear. Rather, you’re more likely to end up in a worse financial crunch. But you can negotiate the terms of repayment. Keep this guide handy the next time one of these bills lands in your inbox. [Dear Penny: Is It Possible for Two Retirees to Buy a Home at Age 70?]( We’ve rented for 10 years, but our landlord wants to cash in. We’re devastated because we just retired. Can two 70-year-olds buy a small home? [Mistakes Happen. But These 5 Can Cause You to Go Bankrupt]( Nobody’s perfect, but even innocent missteps have consequences — some are worse than others. Here’s how to avoid five common mistakes that can result in serious financial repercussions. IN CASE YOU MISSED IT - [7 Places That Will Pay You to Move There]( - [Dear Penny: Can I Kick Out My Boyfriend if We’re in a Common-Law Marriage?]( [Save Money]( [41 Places to Find Free Baby Stuff for Infants, Toddlers & Parents]( [Should You Open a Joint Bank Account?]( Whether it’s with a romantic partner or a family member, opening a joint bank account may seem like an easy way to pool your resources. But joint accounts have downsides. Beware of these pitfalls before you commit. [Tally]( [Kick Credit Card Debt to the Curb]( Credit card interest is no joke. It has a pesky habit of keeping you in debt by minimizing the amount you can pay against your actual debt each month. [Tally]( has a solution to get you out of debt — fast. They offer a lower-interest line of credit that can save you thousands — an average of $4,185* in interest over five years with Tally+ — by combining your outstanding credit card debt into one manageable monthly payment. With their program, the average Tally+ member gets out of debt faster** than they would have on their own. Suddenly, a credit card debt–free future isn’t looking so out of reach. [Tally]( [Once You Manage to Stash Away $1,000, It's Time to Make These Moves]( You’re making strides with your effort to save, but now that you’ve hit this milestone, what’s next? It’s time to think about your long-term financial strategy. Here are four things you can do to make the most of your money. Was this email forwarded to you by a friend? [Subscribe Now](. Lines of credit issued by Cross River Bank, Member FDIC, or by Tally Technologies, Inc. (“Tally”), NMLS #1492782 ([]( see your line of credit agreement. Lines of credit not available in all states. To get the benefits of a Tally line of credit, you must qualify for and accept a Tally line of credit. Based on your credit history, the APR (which is the same as your interest rate) will be between 7.90% - 29.99% per year. The APR will vary with the market based on the Prime Rate. Annual fees range from $0 - $300. *Can save $4,185 in 5 years with Tally+ – We calculated the savings estimates in March, 2021 based on Tally’s records for borrowers who enrolled in Tally from November 2018 through October 2020. We calculated the interest users would pay if they had received and accepted a Tally+ line of credit and compared that to the interest they would pay without Tally until their credit card balances are fully repaid. For each borrower we used: (a) their average APR weighted by their initial credit card balances and APRs; (b) an average monthly payment of 3% of their credit card balance(s); (c) average monthly credit card transactions of 0.8% of their credit card balance(s). We assumed the borrower received Tally+ discount credit every month and we deducted annual fees from any potential savings. Actual savings will vary based on factors such as each user’s credit card APRs, the total payments made, and additional credit card charges. **50% of Tally+ members can get out of debt about 3 years, or 41%, faster with Tally+ . The stated estimates reflect potential time to pay off debt for an appreciable number (at least 10%) of Tally+ line of credit users. We calculated the estimates in March 2021, based on Tally’s records for borrowers who enrolled in Tally from November 2018 through October 2020. We compared how long it would take for a user to pay off their credit card debt if they had received and accepted a Tally+ line of credit and compared that to how long it would take for a user to pay off their credit card debt without Tally. For each borrower we used: (a) their average APR weighted by their initial credit card balances and APRs; (b) an average monthly payment of 3% of their credit card balance(s); and (c) average monthly credit card transactions of 0.8% of their credit card balance(s). We assumed the borrower received Tally+ discount credit every month. Actual pay-off rates will vary based on factors such as each user’s credit card APRs, the total payments made, and additional credit card charges. 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