Category: Active adult communities
January 4, 2020 -- When people hear about Home Owners Associations (HOA) there is generally one of two reactions. Either they loathe them, citing high costs and restrictive rules, or they tolerate them as a necessary evil. They have no super fans. Also called Community Associations, HOAs govern critical aspects of life in condominiums and active adult communities. It is essential that retirees know something about their HOA before they move in. As Joe West, CEO of the Community Associations Network, told Topretirements many years ago, the most important thing to consider when buying into a community is: “Don’t fall in love with the house before you check out the association”.
In any 55+, active adult, or condominium development that has shared facilities the Community Association is the top dog. It establishes the rules, enforces compliance, manages the assets, and insures the financial and legal well-being of their communities. Even in the most successful community plenty can go wrong. When serious problems happen, as did in last year's condo collapse in Surfside, Florida, the consequences can even become tragic.
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Published on January 4, 2022
Comments 9
Category: Financial and taxes in retirement
January 5, 2022 -- With inflation going up and just about everything getting more expensive, retirement is getting even more difficult than ever. So the beginning of the year seems like a great time to come up with some ideas to help everyone spread their income a little further, possibly even increasing it, and not forgetting to have fun and enjoy life.
Some of the best ideas we have ever seen have come from Topretirements Members. Two previous articles (see Further Reading at end) generated over 200 Comments with many great suggestions. So in this article we provide some broad based tips, then encourage you to go over the Comments already made and mine them for things that could help improve your budget outlook.
Nextavenue.org recently profiled a couple, Joan and Steve Reid, who retired and moved from the affluent New York City suburb of Pearl River, N.Y., to Vero Beach on Florida's East Coast. They had a very limited budget, $30,000, most of which was from Social Security and some small pensions. By attending to the basics the couple was able live surprisingly well in a great Florida town. We love their attitude, shown best by a quote from Joan: "We are not rich except in friendships, our art, our families and our souls" .
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Published on January 5, 2022
Comments 11
Category: Best Retirement Towns and States
January 12, 2022 -- Every year we have fun coming up with a list of the very "Best Places to Retire". This list is meant to highlight retirement towns that represent exceptionally great places to retire, as measured by Member and visitor interest at Topretirements. As wonderful as these towns might be, the one where you can be happy in retirement is your best place!
To develop our 2022 list we consulted our visitor logs to find out the 20 retirement towns in the U.S. whose reviews were visited the most at Topretirements. Many of the winners were predictable, they get named to the top 10 or 20 every year, but there were several other big surprises. The hope is the list will spark some ideas for you to consider in the quest for your best place to retire. Home prices in many of these towns are above the national median, reflecting their desirability, but a surprising number offer relative bargains. Although 11 states had towns in the top 20, Arizona, Florida, and Tennessee tied for the most cities on the list with 3 each. Congratulations to all these cities and towns!
20 Best of the Best Places to Retire
Popularity on this site, as measured by online visits by our Members, was the most important criteria. On that basis, here are the most captivating places to retire in all of the U.S.
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Published on January 11, 2022
Comments 20
Category: Financial and taxes in retirement
January 16, 2022 -- A significant number of workers underestimate their financial needs in retirement, and that includes calculating how much they will receive from Social Security. As a result they often retire too early and start taking their Social Security before they maximize their benefit. The end result is that they face an income shortfall in their retirement years. A new study from the Boston College Center for Retirement Research has concluded that taking a non-traditional job late in one's career can help retirees avoid a serious shortfall in replacement income, and thus have a more comfortable retirement. Replacement income is defined as the ratio of a worker’s retirement income to pre-retirement income.
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Published on January 15, 2022
Comments 4
Category: Adventurous retirement
January 19, 2022 -- Bob Wells' story seems like the perfect companion piece to our recent article on non-career jobs filling the vacuum for people in their early 60s. This baby boomer used to work at a Safeway, then fell on hard times. Living in his van, he discovered that he loved the nomad life - its freedom and simplicity appealed to him. So then he started a blog and website to write about his lifestyle. While satisfying, it was not renumerative. That's when he decided to switch to videos, starting the CheapRVliving channel on YouTube, where he promotes the "nomadic tribalism" way of life.
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Published on January 19, 2022
Comments 0
Category: Active adult communities
January 22, 2022 -- Each year many of us make new year’s resolutions that we have every intention of keeping, at least for a couple of weeks. Many of those resolutions may involve health, fitness, learning, and keeping up with the technology that surrounds us. Fortunately, there are many communities that specialize in wellness and learning, and makes it a lot easier to stay on track with those resolutions all year long. Some of these unique communities listed below are for all ages and some are for those 55+, but they are all interesting and feature a fun and inspiring lifestyle.
Encanterra is an Arizona community that offers traditional amenities like golf, fine dining, and social spaces. But what makes the community unique is the hundreds of special interest clubs, travel, and exploration opportunities it provides. A good example is the technology program through which residents can take culinary classes, listen to guest speakers, educators and authors. Encanterra is made up of several neighborhoods including one for those 55+.
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Published on January 22, 2022
Comments 1
Category: Best Retirement Towns and States
January 26, 2022 -- A while back one of our Members asked if we could come up with a list of more unusual places to retire. As he reminded us, not everyone is looking to retire in a place that is famous, or where there are warm winters and gentle beaches. Many folks, like the couple we met this summer in Maine, relish the prospect of a morning snowshoe hike, chopping wood, or taking off in the ATV. Here is a list of unusual, and interesting places that might make them happy. Almost all are in colder climes, starting with the first one! We suspect you won't have heard of most of these off the beaten path choices before.
Homer, Alaska. Up here on the Kenai Peninsula life is pretty great, especially if you don't mind cold winters. There is sensational fishing and boating from one of the most beautiful spots anywhere. The Spit, a 4.5 mile glacial moraine that juts into Kachemak Bay, is Homer's seasonal center. It is crowded with docks, restaurants, stores, and charter outfits for fishing and adventuring.
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Published on January 25, 2022
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