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Try It NOWCategory: Travel
January 21, 2025 — A fortunate few well off and/or adventurous travelers might feel like there is nowhere else to go. Also, the places they enjoyed so much in the past, are now over run by cruise ships and package tours. Well if that is you, the NY Times list…
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Category: International Retirement
January 16, 205 -- One of the best choices for an expatriate retirement lies in a Central America. This country is warm year round, but has mountains to offer relief from the heat. There are fabulous beaches, national parks, small coastal towns, and at least one city with many attractions. The economy is stable, and so is the government. Plus the cost of living is probably less than where you live now. Note: for even more information, see our "Mini-Retirement Guide to Costa Rica".
The Switzerland of South America" - Costa Rica!
f you're considering where to spend your golden years, Costa Rica, with its "Pura Vida" lifestyle, might just be the perfect spot. This beautiful country with coastlines on the Atlantic and Pacific has stunning natural beauty, welcoming culture, and an excellent quality of life. This Central American gem has become a favorite for retirees from around the globe. Here are some reasons why Costa Rica is an outstanding retirement destination.
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Category: Estate Planning
January 14, 2025 - Green Burials are growing trend among very environmentally conscious people. The numbers are pretty small, but they are catching on. The idea is that your body is disposed of in a way that is friendly to the planet: no preservatives used in embalming, non-biodegradable materials, or burial methods that harm the environment.
The Veterans Administration is now making a green burial an option at certain of their cemeteries. In November 2024, VA’s National Cemetery Administration (NCA) officially opened Green Burial sections at the Pikes Peak National Cemetery in Colorado Springs, Colorado; the National Memorial Cemetery of Arizona in Phoenix, Arizona, and Florida National Cemetery in Bushnell, Florida. The number of green burial sites at each cemetery are 152, 155 and 222, respectively.
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Category: Active adult communities
January 10, 2025 -- In a sign of what is to come from Florida's strict new condo laws, an entire condo building in Fort Lauderdale is for sale. The condo owners can’t afford the millions it will cost to repair it.
Damage from saltwater to the building's foundation is only part of the problem faced by the condo owners. Residents at Springbrook Gardens in Fort Lauderdale were forced to evacuate last September after an engineer warned of an unsafe foundation. The roof also needs expensive work, and there have already been many special assessments. According to one owner, the condo is spending $1 million in engineer studies and to get the building up to code. Foundation restoration work is estimated to cost over $4 million. There are only 18 units in the 70 year old building, so even though there might be some loan assistance, the cost per unit would work out to be about $222,000, a pretty large number.
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Category: Active adult communities
January 8, 2025 - The votes are in for Topretirements' 25 most popular active communities for 2025. Not surprisingly, Florida and North Carolina had the most winners at 5 each. South Carolina and Virginia were hot too, garnering 3 spots each. Connecticut had 2 winners. Pine Village in Flagstaff, AZ was the only community in the west to make the top 25.
All of the 25 were active adult communities, and most were designated 55+ (although the owners in all are predominately over 55) . Two were mostly specialized: Indian River Colony Club (retired military) and Carefree Cove (LGBT). In what appears to be a trend, very few of the communities offered golf as an amenity.
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Category: Health and Wellness Issues
Jan. 1, 2024 — Average life expectancy in the U.S. declined after the pandemic ravaged the country in 2020, dropping to 77.5. But 5 years later, it has risen slightly above that figure , although still below the pre-pandemic rate of 78.8. Men’s expectancy is almost 6 years lower than…
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Category: Best Retirement Towns and States
Dec. 29, 2024 -- One of our most fun things to do every year is to look back and see which of our Blog articles attracted the most reader interest. Of the 86 we published, which ones were read the most, and what were the articles that generated the most Comments? The results are a pretty good indication of what our Members are interested in. Here is a list of some of the top performers, all of which were tightly clustered together. Many more were ranked just below them.
Looking at it by category, almost all of the winning Blog posts had to do with Best Places and Where to Retire (9 of the 13 listed here), with Medicare and Social Security making most of the other top ones. Note: When the article was published could make a difference: those with more recent pub dates had to do very well to rank high for the year. Number of Comments made in ( ).
Lake Chelan courtesy of Wikipedia and David Ansley CC 2.5
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Category: Social Security
Dec. 21, 2024 — In what will probably be one of the last acts of the current Congress, the Senate overwhelmingly passed a bipartisan measure that will provide full Social Security benefits to public sector workers. Approximately 2.8 million public pension recipients will now receive benefits at the same rate…
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Category: Social Security
December 18, 2024 -- The subject of when to take Social Security is one of the most hotly debated retirement topics. Although the system was designed for both decisions to be equal, there are plenty of proponents for each approach.
Case Study - High Earners
Let's explore the following case. Two people aged 76 made the maximum contribution to Social Security during their 35 year working careers. One files for benefits at the first opportunity (62), the other waits to get the max benefit at age 70 We wanted to find out who comes out ahead, and when. So we asked AI to do the calculations for us. The results came back instantly, and judging from the sources they used, they look accurate. Here is what we found:
Total Benefits Received
The person who claimed at 62 started receiving benefits 14 years ago, while the other began 6 years ago:
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Category: Social Security
December 12, 2024 -- The results are in from last week's instant poll, and they have a practical bent. The question to be voted on was, "What do you think will happen when the Social Security Trust Fund Runs Out of Money in 2033?". We received over 150 votes, which gives us a good sample of what our Members are thinking (thanks to all who voted)!
The winning option was definitely pragmatic - 28% voted for "Payroll taxes increased and/or change to maximum earnings ceiling." This is certainly a practical solution, one that we at Topretirements definitely agree with.
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