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Affordable Places to Retire on the Coast – Part 2

Category: Best Retirement Towns and States

April 15, 2014 — Retiring near the coast is many people’s dream. Visions of beautiful sunrises or sunsets over the water, boating, swimming, fishing, walks on the beach – it sounds great. But one practical thing that often gets in the way is the price of real estate. Those great views and proximity to the water usually come with a price tag that reflects marketplace demand. Fortunately, not every town on the water is out of reach. Some of these places to retire might not be as chichi as Naples, FL, but there are surprisingly nice places to retire priced below the national median cost of a home. In this, Part 2 of our Affordable Places to Retire on the Water series, we’ve reviewed 10 coastal towns that are reasonably affordable. Part 1, “Affordable Places to Retire on the Waterfront“, came out in 2010 (it included some towns where the waterfront was on a lake, this one does not).

Prices have gone up
The first thing we noticed when compiling this article is that home prices (more…)

Posted by Admin on April 15th, 2014
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Best States for Retirement – 2014

Category: Best Retirement Towns and States

April 8, 2014 — Back by popular demand, here is our 2014 list of the best states for retirement (see links at bottom to our lists from previous years). This year we have taken a different approach – we’ve assembled “best of” lists by category. At the conclusion of the article we’ve listed those states that made more than one list, which you can use as an indication that they must be pretty good places for retirement!

The categories we’ve chosen are basically the opposite of those we used to choose our “2014 List of the Worst States for Retirement”, although we decided to also give weight to (more…)

Posted by Admin on April 8th, 2014
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Results from Our Social Security Quiz: A Learning Experience

Category: Financial and taxes in retirement

March 31, 2014 — Thanks to everyone who took our Social Security Quiz – all 5,700 of you (and counting)! As we warned, it was not easy. In fact, Harry, a college friend of ours commented that if your editor was a professor back in the day no one would taken his classes! There is still plenty of good news though, especially since there is a grading curve:

- Some of the points that people messed up on are nice to know, but not crucial to (more…)

Posted by Admin on March 31st, 2014
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Coping As a Couple: How to Handle It When Only 1 Person is Retired

Category: Family and Retirement

March 25, 2014 — Couples might joke about it with their friends, but the nitty-gritty issues of handling a “1 person working, 1 person retired” relationship is no laughing matter. For example, one spouse might have taken early retirement and now enjoys most mornings on the golf course or drinking coffee with friends. Meanwhile his partner is working away on the job – bringing in a paycheck and having a completely different (more…)

Posted by Admin on March 25th, 2014
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What is Your Social Security IQ?

Category: Financial and taxes in retirement

March 24, 2014 — Chances are your Social Security benefit is one of the most important components of your retirement. But in our experience there is a fairly shocking lack of knowledge about this subject. To help you get the most out of your benefit we have prepared an 11 question quiz on Social Security. The quiz is pretty challenging. The good news is that even if you don’t ace it (and so far only a few have), you will have learned enough in the process that you will be much better informed about your benefits and your options. (Note: we designed this quiz, it does not represent anything official from the Social Security Administration, which is the ultimate arbiter of the rules concerning your benefits).

Here is the link to the Social Security quiz

Test prep: If you are the kind of person who wants to study up before you take a test, here are some helpful links:

Social Security FAQ’s
What You Don’t Know About Social Security Could Hurt You

Take the Quiz!



Comments? Let us know what you think about this quiz. Should we do more, and on what subject(s) – was it too hard? Any of the questions unfair? Please share your thoughts in the Comments section below. We will also report on the results in next week’s newsletter.

Note: The answers and commentary are hard to get back to once you go off that page – so if you want to go back to them, here is the answers/comments link (no cheating!). There are also some good comments on that page!

Posted by Admin on March 24th, 2014
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Flood Insurance Changes Will Reduce Anxiety Along the Coasts

Category: Retirement Real Estate

March 14, 2014 — President Obama is set to sign a new bill passed by the Senate and House that rolls back planned flood insurance increases. The National Association of Home Builders (NAHB) welcomed the Homeowner Flood Insurance Affordability Act, saying: “Flood insurance legislation will provide much-needed certainty to home owners and financial stability for the National Flood Insurance Program (NFIP).

Home builders believe the reform will provide an important boost to home building and remodeling. People who own homes affected by the 2012 Biggert-Waters Flood Insurance Reform Act are relieved that they will not have to face huge premium spikes and impacts on (more…)

Posted by Admin on March 14th, 2014
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10 Worst States for Retirement for 2014

Category: Best Retirement Towns and States

March 11, 2014 — Finding the best place to retire in is a little bit like looking for a mate. There are lots of pretty ones out there. But for you – which state has the most attractive features and a minimum of not so desirable attributes. To help weed out the more unattractive ones, we present our 3rd annual (we skipped 2013) list of the worst states for retirement. There is one main point we want to emphasize – everyone’s retirement situation is different, so a one size fits all approach won’t work. If your grandchildren live in one of these states and you want to be near them – that makes it a great retirement state for you. Our goal for this article is to give you the tools to help you figure out what states aren’t a good fit for your retirement.

Factors we considered
In this year’s list we have tried to simplify (more…)

Posted by Admin on March 11th, 2014
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60+ Workers Slightly Less Likely to Delay Retirement

Category: Retirement Planning

March 5 – An annual CareerBuilder survey shows a slightly more optimistic picture for full-time workers nearing the end of their careers than just a few years agon, when the Recession caused many workers to delay retirement plans or forego them completely. While a majority (58 percent) of workers age 60 or older say they are currently putting off retirement; it represents continued improvement from 61 percent in 2013 and a peak of 66 percent in 2010.

The nationwide survey – conducted by Harris Poll on behalf of (more…)

Posted by Admin on March 4th, 2014
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Horrible Winters Make More Boomers Consider Becoming Snowbirds

Category: General Retirement Issues

March 3 — This winter has been so beastly in the midwest and northeast that it has tipped many folks into seriously considering becoming snowbirds. A study from Trulia confirmed that, finding that for every temperature drop of 10 degrees there is a 4.4% increase in searches for homes in warm winter climes. This article will continue our series on the snowbird life in retirement, with the emphasis on more considerations you should keep in mind if you are thinking about heading south for the winter (see end (more…)

Posted by Admin on March 3rd, 2014
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Housing Market Gets Triple Helping of Good News – But Is That Good for You

Category: Retirement Real Estate

February 26, 2014 — What used to be described as the “beleaguered” housing market has entered a new phase these days. This week it received more great news. But, if that is good for you as a potential buyer in the retirement housing market is another question.

First, according to the Standard & Poor’s/Case-Shiller price index housing prices in the 4th quarter of 2013 rose 11.3% compared with a year earlier. Home prices haven’t recovered everything they gave back from 2008 -2011, but they are getting closer in most markets.

Second, the Commerce Department reported that sales of single family homes surged in January. They rose 9.6% from the previous month, reaching their highest level since July 2008. Economists were (more…)

Posted by Admin on February 28th, 2014
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