Category: Health and Wellness Issues
January 8, 2023 -- We got some great followup on our October article about the Shedders Movement. Shedders refers to guys (and gals) getting together in retirement to hang out and work on all kinds of projects (often in a shed). This particular input comes from my wife's cousin, Steve, from Batavia, IL. Hopefully it will give other retirees some ideas on how they can create their own projects and groups to have fun, stay busy, and socialize - so hard for many men once they retire. Thanks Steve!
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Published on January 7, 2023
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Category: Real Estate Listings
January 3, 2022 -- As if the death and destruction that Hurricane Ian brought to Florida's Gulf Coast wasn't bad enough, it has created another looming problem for beleaguered property owners. Greedy developers and wealthy buyers are headed to the region, hoping to snap up coastal real estate to turn into expensive projects. By assembling bigger parcels in Fort Myers and Lee County from owners who are fed up or don't have the cash to rebuild, they can build huge single family homes and towering condos. Local residents are concerned that these will block access and views across these barrier islands.
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Published on January 4, 2023
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Category: Health and Wellness Issues
January 3, 2023 - Tom Brady, QB of the Tampa Bay Buccaneers (or cousin Tom as we call him in our family), is 45.5 years old, having a pretty darn good season, with his team atop the NFC South standings. By all historical measures, he is a freak, performing as well or better than his peers who are 10 and 20 years younger. But he is not the only "older" person who is breaking records in a younger person's field. How about you, are you still going strong in some vocation or avocation, astounding your peers with your ability to hang in there?
The NY TImes just profiled a group of senior aged citizens who are doing great in some physically and mentally demanding jobs. They wrote about Jesse Izaguirre - a paramedic who is 70, an 84 year old NYC City tour guide, a doctor who is 85, and a 95 year old artist, among others. Earl Pollock, who at 82 is still in the logging business, summed it up this way: “I keep the job on my mind 24/7, I guess I’ll stay till I can’t get up in the morning." The Times used Census Data to help identify these outstanding specimens of tenacity.
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Published on January 2, 2023
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Category: General Retirement Issues
December 27, 2022 -- In many ways 2022 was better than 2021, and far superior to the pandemic ruined bust that was 2020. People finally got to take all of their postponed trips from years before, so traveling is back. Fear of dying from Covid relaxed a bit, although all was not joy due to inflation and stock market worries. Here are our favorite things and articles from the past year.
We are hoping is that you will add your favorites from the various categories in the Comments section below. It could be your favorite anything! It is always amazing to see how rich and interesting your suggestions are, and how different people's tastes are.
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Published on December 27, 2022
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Category: General Retirement Issues
December 20, 2022 - There is a new crush of retirees coming to town, and they are not Baby Boomers. Generation X, those born from 1965 to 1980, are finally getting their turn in the retirement spotlight, a very big demographic shift in the making. The eldest GenX-ers will turn 58 in 2023, the age when many people start retiring in earnest. But how ready for retirement will this new generation be, and how will it differ from the baby boomers before them?
Confident?
Fortunately, many in the Gen X generation have been preparing for retirement. Most have been saving for that day, confident about their money skills, but worried that they might fall short of what it takes to maintain their working day lifestyles. Of course, either from choice or necessity, not all of they will retire early, or ever.
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Published on December 19, 2022
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Category: Active adult communities
December 13, 2022 — Way back in 2011 our faithful correspondent Jay Michaels shared his adventures from visiting the most famous active adult and 55+ communities in the Williamsburg, VA area. His reviews of the area and those communities have definitely stood the test of time – still relevant and…
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Published on December 12, 2022
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Category: Downsizing
December 11, 2022 -- One of the best pieces of advice we have heard is to think about downsizing in retirement. Finding a smaller, lower maintenance place to retire can unlock equity in your home so you can maintain a great lifestyle with less income. It can also simplify your life. Less maintenance and yard work, smaller utility bills, lower property taxes, and more time to enjoy retirement, are just some of the benefits. But downsizing is not always quite as easy as it seems. Here we outline some of the costs and headaches that many people do not consider when they start the downsizing process.
Costs to fix up your home for sale. Either you or the buyer might decide to make costly improvements before the sale, such as radon mitigation, roofing, HVAC, structural, etc. These expenses can cost a lot more than you imagined when you put the home on the market.
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Published on December 10, 2022
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Category: Best Retirement Towns and States
Dec. 7, 2022 -- For the people who see red when they think about paying taxes, the good news is that there are plenty of tax friendly states to retire in. There are enough choices that they can pick a state for retirement based on other factors as well, such as climate, environment, proximity of family, etc. This article will cover the states that have the lowest taxes for retirees. But first, let's discuss what kind of taxes you need to consider in retirement.
Kinds of Taxes
Unfortunately, there are multiple kinds of state taxes that can affect retirees. Some will affect different people in different ways:
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Published on December 6, 2022
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Category: Financial and taxes in retirement
December 4, 2022 -- Folks who were born in 1950 face their first Required Minimum Distributions (RMDs) from their IRAs and 401(k) type plans. The SECURE Act of a few years ago fixed the age for RMDs to kick in at age 72, starting with folks born after July 1, 1949. This first year the 1950 folks have until April 1, 2023 to take the distributions, but they will have to take their regular 2023 distribution by the end this year too. Slightly younger people born before 1950 had to start taking their RMDs at age 70 and 1/2, and they have to take their distributions by Dec. 31, 2022.
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Published on December 3, 2022
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Category: Health and Wellness Issues
November 27, 2022 -- Researchers at The John Hopkins Sex and Gender Clinic have a message for people over 50: "It's not just for young people." In an article at AARP, Kate Thomas, Director of Clinical Services says that "“It can strengthen our relationships, promote self-esteem, and improve our sense of identity.” Beyond that, the article listed other ways researchers have found sex is beneficial to older people.
8 ways sex is good for you
Boosts Immunity. Apparently a romp in the hay is also good at improving your response to disease, possibly even Covid. People who had more sex showed more immunity than others according to a study by researchers at Wilkes University in Pennsylvania.
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Published on November 26, 2022
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