As an Amazon Associate we earn from qualifying purchases.
New: Community Explorer. Discover Your Perfect Community Quickly Based on Lifestyle, Amenities, and Unit Type.
Try It NOWCategory: Health and Wellness Issues
By Roberta Isleib, P.H.D. (aka Lucy Burdette) June 16, 2018 — Putting my psychologist hat for a moment…we are hearing an awful lot about suicide these days, including the tragic deaths of celebrities Kate Spade and Anthony Bourdain. For folks who haven’t felt seriously depressed or…
more...
Category: Financial and taxes in retirement
June 11, 2018 -- Some of the more reliable "10 Best Places to Retire" Lists come from Kiplingers. They recently came out with their "10 Cheapest States to Retire" version, and we think it is a pretty good effort. To come up with their ratings they looked at cost of living, taxes on retirees, average health care costs for retirees, and fiscal health of the state. As is often noted, sometimes you get what you pay for, although in the case of most of these states, you do tend to get more for your retirement dollars.
Although they didn't numerically rank their "cheapest 10", one ranking that is clear was cost of living compared to the rest of the U.S. Note that these rankings are on a statewide basis: different areas of different states can have dramatically different living costs. In big
more...
Category: Financial and taxes in retirement
— “Beware those free dinners”—
Updated April 2023 - originally published May, 2018 —
One of several recent Member article suggestions was this one: “Is it better to hire a financial advisor or handle that financial planning yourself? And if you hire one, how should you go about it?” Thank you, that is a topic we know a lot of retired people struggle with. We should preface this article by saying that we are not financial experts. This piece summarizes recent interviews with four baby boomers who have wrestled with this topic themselves, plus some of our own experiences with financial advisors. At the end you will find links to some other great resources about how to/whether to hire a financial
more...
Category: Retirement Real Estate
June 5, 2018 -- Almost half of baby boomers, unfortunately, have not saved enough money for retirement. That means they face a cut in the quality of their lifestyle. But for many fortunate folks who own a valuable home, particularly in a hot real estate market, a potential rescue is at hand. For example, retirees in coastal California in places like San Francisco, San Jose, Los Angeles and San Diego have the option to sell their home, buy or rent a home better suited to a retirement lifestyle elsewhere, and pocket hundreds of thousands of dollars in the process. People with valuable homes who live in New York and its close-in suburbs, as well as other affluent markets, can catch a similar lifeboat. This article will explore where some of the refugees from America's hottest real estate markets are moving.
According to a recent report on the Trulia Blog, coastal California Metros are the perfect example of real estate good luck. In San Francisco, San Jose, Los Angeles, and San Diego homes on the market averaged $720,000 in March 2017, almost triple the $250,000 reported nationally. New York registered high median listing prices too, nearly $440,000. While these high real estate prices are not
more...
Category: Adventurous retirement
June 3, 2018 --- A lot of Americans, including retired baby boomers, are thinking... small. As one example, our last visit to the barbershop was spent listening to the young guy in the next chair talk about the tiny home he is building. Everyone in the shop was fascinated with the unique touches and hi-tech stuff he was putting into it. In mid-May we reported on the boat that John is building for his retirement home, Next Chapter...Afloat. Yet another aspect of the think small movement, and the topic of this article, is the notion of discarding the notion of the RV, and replacing it with a customized luxury van - Vanlife, or Vanliving!
If the mobile lifestyle appeals to you, your thinking up to this point was probably limited to RVs (see our "Living the Mobile Lifestyle" series by Betty Fitterman). Now, enter the customized van, another option with many
more...
Category: Best Retirement Towns and States
May 30, 2018– We have just updated our ever-popular “Dueling Retirement States” series with the North and South Carolina comparison. With all up to date demographic and pricing information, this article, “Dueling Retirement States: Which Is a Better Place to Retire, North or South Carolina” has a treasure trove…
more...
Category: Active adult communities
May 23, 2018 -- Our article of two weeks ago, "When Amenity Rich Isn't the Answer", stirred quite a reaction from Topretirements Members. It generated 53 (and counting) interesting comments in support of Pamela's quest for a community with minimal to no active adult amenities. Which prompts us to ask, what is it that most people are looking for in an active adult, 55+ community? If not amenities, then what? If amenities, which ones are the objects of their desire? In this article we we review data from past surveys as well as some of the more interesting comments we have received on what Topretirements Members want to find in an active adult or 55+ community. We hope you will all chime in with your thoughts in the Comments section of this article - they are always the best part.
Amenity-Light - a quick summary
Pamela's article brought forth many like minded folks who seek a community with only the most basic amenities. The primary motivation seemed to be economic: "Why should I pay high HOA fees for amenities like a golf course and fancy clubhouse with activities director when I will probably never use them"? Ella then asked
more...
Category: Best Retirement Towns and States
May 20, 2018 -- Maps can tell you a lot in a hurry. Comparing two demographic representations, one from the New York Times and one from the Wall St. Journal, can tell you a lot about America's birth rates, aging patterns, and where retirement age people are moving. The maps represent different themes on the aging of America, much of which is proving to be a surprise to demographers, who are puzzled by an an unexpected decline in birth rates.
Counties where deaths exceed births
The New York Times map offers a fascinating moving image of areas of the country that are aging out - where more people die than are born. As you watch it the map changes: it starts out with the picture as it was in 1991, and eventually ends showing 2016. During this 25 year period you can see that massive parts of the country that now have negative natural population decreases. Although much of the Midwest and Appalachia have been in this
more...
Category: Financial and taxes in retirement
May 16, 2018 -- (Updated July and October with more experience). Back in March I received a letter from the Social Security Administration - "It is time for you to register for your retirement benefit!" I was impressed with their timing and efficiency, since my 70th birthday will be this August. Nicely done. This article will chronicle my experiences in registering for my Social Security retirement benefit online - lessons learned that hopefully will help others when it comes time to claim their benefits.
My decision was to wait until age 70 to claim. Fortunately we have been able to afford to live without that benefit so far. That blessing, coupled with very good genes (my parents' average age before departing this earth was 97), made it seem like a good bet to wait until 70. That way I could capture the 8% increase a year for delaying from age 66, and then enjoy that extra money for a long time past the breakeven point in my late 70s (and my wife after I pass). Time will tell if that was a good move or not.
Registering for Social Security retirement benefits
My plan and hope was to register online, and not have to spend time on the phone or waiting
more...
Category: Adventurous retirement
By John Andola
May 15, 2018 -- Just days from my 80th birthday, I am engaging in a major life style change. One that brings both serious stress for the present and potential promise for the future. Leaving our rental house of seven years and ridding our lives of tangible connections with past life, George and I are embarking on an adventure that will literally bring us to the next chapter in our lives. Literally, because we have commissioned the building of a new boat which we will live aboard full time, and that we have named Next Chapter.
At 35 feet, Next Chapter is ten feet longer than our treasured Grumpy Old Men, which we hope to sell within the next couple of months. But more about the new boat at a later posting. Here the focus is on the physical and mental transition through
more...
