New Siege of Vicksburg: Baby Boomers Battle to Make it a Destination, Retirement Community
Category: Retirement Real Estate
The Baer House Inn in Vicksburg MS
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Published on October 28, 2007
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New Grant Could Put College Courses in Your Retirement Community
Category: General Retirement Issues
October 22 -- If you have been looking for a way to take more college courses - either offered in a nearby community college or in your active adult community - you might be interested in a new grant from the The American Association of Community Colleges (AACC). The $3.2 million grant was created by The Atlantic Philanthropies to create or expand programs to serve 50-plus Americans at select community colleges around the nation. The colleges, which will be selected through a competitive process, will help to identify and promote best practices in serving the "older adult learner".
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Published on October 22, 2007
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“Green” Resources for Retirement Communities
Category: Green Retirement Communities
October 17 -- Environmentally oriented retirement communities are beginning to earn a toehold in this country. But the pressure for green communities and for energy and environmental conservation is really coming from the people who live in retirement communities -- more so than from the developers. A recent study from the Mediamark Research BoomerView study found that 40.7% of baby boomers say "Preserving the Environment" is a very important guiding principle in their lives (that is 11% higher than reported by all adults). A good example of green (sustainable) retirement communities are the cohousing projects for baby boomers that are being built in the American West.
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Published on October 17, 2007
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Baby Boomers to Builders: We Don’t Want Our Fathers’ Retirement Communities
Category: Baby Boomer Retirement Issues
October 15 -- Ask 10 baby boomers what they are looking for in retirement communities and you are likely to come up with dozens of different answers. Baby boomers are used to marching to their own drummers, and there is no reason that their choices in retirement communities will be any different. This article draws from a number of different sources and is intended to provide a representative sample of different opinions.
Golf attracts many to active adult communities
Amenities. Here are some of the top amenities found in a survey done in 2000 by the National Association of Home Builders:
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Published on October 15, 2007
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Retirement Community Shade Speads Over Sunshine State
Category: Retirement Real Estate
October 8 -- Competition for the dollars of the newly retired is heating up, and it seems like Florida could be the state that takes the biggest hit. The Sunshine State, always popular for its retirement communities, has seen a number of negative factors that are increasingly deflecting retirees to other states in the Sunbelt.Retirement in Luxurious Fort Lauderdale
Some of the Florida downsides include overcrowding and traffic, increasing real estate costs (64% higher than just 5 years ago), a spate of devastating hurricanes, and ever-increasing insurance costs related to those hurricanes. The current housing bust is about as bad in Florida as anywhere.
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Published on October 8, 2007
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Hawaii is Number 1 Preferred State Among Baby Boomers
Category: Baby Boomer Retirement Issues
October 1 — A new Harris Poll on state living preferences found that baby boomers (aged 43 – 61) would prefer to live in Hawaii over all other states. In this regard they differ from the rest of the U.S. population, which would choose California. Although it was not…
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Published on October 1, 2007
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Private Nursing Care Centers May Be Cutting Too Deep
Category: Eldercare
November 16 update (original post -September 27, 2007) -- Today the Times reported that congressional hearings are looking into charges that nursing homes. It reported that "Members of the House Ways and Means Health Subcommittee and the Senate Special Committee on Aging proposed measures to require nursing homes to disclose ownership and to require regulators to release information about poorly managed homes."
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Published on September 27, 2007
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Traditional Towns Ring Bell for Many in Retirement
Category: Active adult communities
September 22 -- When talking about retirement communities we can't tell you how many times we've heard baby boomers comment about how much they admire the traditional kind of town. You know, one with a central downtown; the kind of place where you can walk or bike to just about everything. A place with sidewalks and front porches. A community for retirement that does NOT: require a car to drive everywhere for everything, or is filled with people of only one age or interest.
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Published on September 21, 2007
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What to Do If You Retire Before Your Mortgage
Category: Financial and taxes in retirement
September 19 -- The Federal Reserve reports that almost 19% of families headed by someone 75 or older have a mortgage - up sharply from 10% in 2001. Today's Wall Street Journal article provides some practical tips if you are in the situation of retiring before your mortgage does. You can use a calculator to determine your mortgage payments. One of the common dilemmas that many people have is what to do if you have more savings than mortgage - should you pay it off quickly and forgo the home mortgage interest deduction? Jonathan Clements suggests that you take the plunge and use some of your savings in that case to reduce your mortgage. You will lose the deduction, but paying off is a better option because your loan rate is higher than your savings rate, and most interest you earn is taxable anyway.
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Published on September 19, 2007
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Housing Slump Postpones Moves to Retirement Communities
Category: Retirement Real Estate
September 15 - An inevitable but painful result of the slowing of the housing market is that many new retirees are having to postpone planned moves to a new retirement community. The stumbling block is of course their inability to sell their primary residence, typically most retirees' biggest assets. A September 13 article in the Housing Bubble Blog recounts the woes in several important California markets. The article mentions the limbo-like situation this has created for Ken Gonzales and his wife, forcing them to postpone their plans to downsize to a retirement community. Unfortunately they cannot get their price for their four-bedroom house in Riverside's Orangecrest community.
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Published on September 14, 2007
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