Category: Health and Wellness Issues
September 3, 2018 -- Scammers are always looking for the latest way to separate you from your money. The newest is centered on the new Medicare cards that are in the process of being sent out. The scam usually comes in the form of a phone call with an offer to get your card on an expedited basis - all they need is some personal information. Their object is to steal your identity, and maybe more. We will also discuss two other common scams to look out for.
Everyone enrolled in Medicare will be getting a new card soon, if not already. You don't have to do anything, yours will come if you are in Medicare. They are being sent out in waves. Once you get your new card, which will have a new number, not your Social Security number, you can destroy your old card. There is no need to panic
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Published on September 2, 2018
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Category: Best Retirement Towns and States
September 7, 2018 -- Down in Southwest Florida residents have been seeing red this summer - as in red tide. This disturbing scourge is the worst it has been in more than a decade. It has killed huge amounts of marine life as well as cost millions in lost tourism dollars in communities like Marco Island. One charter boat captain there says his business is down 80%; to stay busy he has been volunteering to assist researchers out on the water.
In a 120 mile stretch of coast work crews have been spending their mornings cleaning up fish kills on the beach. The organism in red tide releases a deadly toxin that kills marine life like fish and shellfish, along with dolphins, sea turtles, pelicans, and loggerhead turtles. Local animal clinics are experiencing abnormal numbers of injured creatures being brought into their facilities for treatment. Tourists are staying away from the bad smells and air irritants.
Currently the red tide exists in a long stretch from Pinellas County (Tarpon Springs above St. Petersburg) south to Naples and into Collier County. Its appearance is not uniform, but varies in intensity from area to area. Observations of greater than 1,000,000 K. brevis cells per liter ( very “high” concentrations) occurred in samples collected in or offshore of Hillsborough, Charlotte,
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Published on September 7, 2018
Comments 9
Category: Best Retirement Towns and States
September 10, 2018 - Based on multiple surveys we have conducted, the best places to retire in America are in its Southeast, a region made up of 12 states. In that research 48% of respondents said they would like to retire there, twice as many as in the Southwest, the next highest choice. This is our 2018 list of the 20 most popular places to retire in the Southeast, the third in this year's "Best Places" series. Here is a link to the first, "The Top 20 Places to Retire in the Southwest". The second installment has the 20 Most Popular Places to Retire in the West (California to Colorado and points north).
What States are in the Southeast?
The states included in this big region are: West Virginia, Virginia, Kentucky, Tennessee, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Arkansas, Louisiana, and Florida. In general the region has a humid subtropical climate with hot summers. Areas in the west and north tend to be cooler as they generally have more elevation or are further north. Hurricanes can reach landfall in the summer and fall months along the Atlantic and Gulf coasts. The region's major geographical features include: Appalachian Mountains, Atlantic Ocean, Gulf of Mexico, Mississippi River.
Surprises ahead
The 20 most popular towns in the Southeast contain mostly familiar names, although they include a few towns that earned surprisingly high ranks. Asheville (NC), which has been top dog on our Top 100 list for the entire U.S. many times, was no surprise to take the #1 spot here. Its review was read by over 9,100 visitors in the first 7 months of 2018, more than four times as many as called up the #20 selection, Naples, FL. As an example of a bit of an upset, the #2 most popular place to retire on our list, Pensacola (FL), edged out many more famous retirement towns and cities.
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Published on September 9, 2018
Comments 19
Category: Retirement Planning
By Bob Stacy
National Institute of Transition Planning
September 15, 2018 -- I am consistently amazed when conducting my NITP “Transition to Retirement” sessions when I ask participants a very simple question: "Do you know how much you spend each year?" The answer is almost universally "no"!
Retirement income should be easier to calculate
In preparing for retirement you should know approximately what your income will be. If you are a federal or state worker or you are employed by a larger company, you can visit your HR department and have them provide an estimate of your annuity or pension, which will probably be your main source of retirement income. Then you can add other possible sources of projected income such as 401Ks, Social Security, investment income, TSPs, part-time work and maybe even inheritance. If you don't have a pension, it will probably be slightly easier to estimate your income.
No matter how much income you may have forthcoming, no one should retire if you don’t know what you actually spend each month. Running out of money in retirement is one of the worst things that can happen to you. So I suggest that you not consider retirement until you know your
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Published on September 13, 2018
Comments 4
Category: Financial and taxes in retirement
September 14, 2018 -- Thanks to one of our regular idea contributors, Jeff H, we have a not so hypothetical problem for you. If, as the Social Security Trustees warn, the retirement portion of Social Security exhausts its reserves in 2034 and is only able to fund 77% of promised benefits starting in that year, what will you do? A similar question could apply to Medicare, which is expected to run out of money even earlier, in just 8 years (2026). Medicare's case is harder to prepare for: if nothing is done, presumably benefits will be cut or reimbursements to doctors and hospitals reduced, driving even more health care providers out of Medicare.(Note: in our recent newsletter the headline said ‘cut 77%), which was an inadvertent error. The accurate statement is that benefits would be paid at 77%.)
In spite of a steady stream of warnings from Trustees and other experts, legislators have done nothing to address the coming problem. With soaring deficit projections expected
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Published on September 14, 2018
Comments 32
Category: Retirement Planning
September 25, 2018 — We love your Comments to the Topretirements.com Blog! Our Members consistently say they are one of the most valuable features of this site. BUT….one of our regular contributors made yet a great suggestion that might make this feature even better. He is frustrated with some Comments…
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Published on September 24, 2018
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Category: Best Retirement Towns and States
September 26, 2018 -- A few years ago we published an article about small town retirement that a lot of people seemed to really like: "Five Big Reasons to Choose a Small Town Retirement". Here is the counterpoint; some great reasons why that might not be the best idea.
Moving to a small town for retirement is a frequent dream for many baby boomers. Friendly neighbors, walking to downtown for coffee, and no traffic are just some of the attractions for people fed up with suburban sprawl and city hassles. Unfortunately, sometimes the dream does not work out that well. Or, people just realize that small town living isn't for them.
Decorah, Iowa - a town many Member say is a great small town for retrirement
Some of the problems we have seen
Access to medical care. The #1 issue we hear about is people who are disappointed with the health available in the small town they move to. There might not be many doctors, few specialists, and only a tiny hospital offering limited care. This really becomes a problem if you develop a condition that requires a specialist or a big hospital. A two or three hour drive to regular appointments, or in an emergency, will be a big problem for you. Small towns also greatly reduce your choice of doctors. It is not so much of an issue with towns
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Published on September 25, 2018
Comments 24
