A New Nightmare from Your College Days: Un-Paid Student Loans Catching up with Baby Boomers

Category: Financial and taxes in retirement

September 22, 2014 — Just about everybody we know still has the same recurring college-days nightmare: the final is tomorrow, and somehow you managed to overlook going to class all semester. You have no notes, know nothing, and doom is imminent. Well add to that one more, real life nightmare – your unpaid college loans.

The GAO analyzed data from the Survey of Consumer Finances and found that about
3 percent of households headed by those aged 65 or older — about 706,000 households — carry student loan debt. This compares to about 24 percent of (more…)

Posted by Admin on September 22nd, 2014

Should You Buy a Home for Retirement with a Swimming Pool

Category: Retirement Real Estate

September 16, 2014 — One of our members, Caps, posted this question on another Blog topic, the results of our recent Retirement Confidence survey. SandyZ suggested that since it generated a fair amount of discussion, we move the swimming pool conversation here to give it its own place. Good suggestion!

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Another question for the other readers…. There hasn’t been a blog addressing this issue that I am aware of.
We plan to purchase our retirement home next week. We will be choosing from 5 that intrigue us. One home has a full underground pool, one has an above ground pool with decking, one has a swim spa (swimming against jets, plus a hot tub all in one unit 16?), one has a regular hot tub that seats 6 and one has no pool or spa, but a great location.
So the question……do any of you have any experience with pools or spas? We do not, however believe it would be a good feature for exercise as we age. We live so far up north, owning and heating a pool seemed nonsensical to us. We are planning a relocation to eastern TN, where water features are quite common.
We could really use some advice and help with our decision. We have no idea how any of these choices would affect our budget. PLEASE HELP

Posted by Admin on September 18th, 2014

Good News: Topretirements Members Very Confident About Retirement

Category: Financial and taxes in retirement

September 15, 2014 — Thanks to the over 800 members who took the time to contribute their valuable insights to last week’s “Retirement Confidence” poll. We appreciate that so many of you are community minded enough to share your opinions and attitudes! As promised, here is a detailed report on the findings. At the end of this article you will also find a link to a document with more than 225 individual responses to question 12, “Do you have anything else you would like to tell us about your retirement confidence, or the other questions on this survey”? See a list of our previous survey reports at the end of the article.

Highlights
It is always interesting to find out exactly how our members feel (more…)

Posted by Admin on September 15th, 2014

Pet Friendly Communities

Category: General Retirement Issues

September 12, 2014 — Our recent article about downsizing and hitting the road sparked a side discussion on pets and pet friendly communities. Since several members have asked us to provide more on that topic, we have created this post for everyone to wag their tails on the subject. Please remember to be civil – people have strong opinions on the subject, so let’s keep it friendly! Also, if you are looking for a pet-friendly active adult or 55+ community, you can select that as an Amenity in our Advanced Search feature.

We have re-posted the comments from the “Downsizing” article here (more…)

Posted by Admin on September 12th, 2014

Take Our New Retirement Confidence Poll

Category: Retirement Planning

September 9, 2014 — Please share a couple of minutes to tell us about your confidence in maintaining your standard of living, importance of proximity to good medical care, and a few other financial and health related questions. We’ll be back in 2 weeks with a detailed report on what you said! To give you an idea of what you’ll see in the report, here is the article we wrote back in June on your “Where to Retire Preferences“.

Take the Survey


retirement_savings

Posted by Admin on September 9th, 2014

The Ultimate Downsize – Get Down to a Suitcase and Hit the Road

Category: Work and Volunteering

September 7, 2014 — We are happy to read that more and more baby boomers are taking a pro-active role in downsizing. They are doing it intentionally, tackling clutter room by room and not adding on new stuff either. But how about the ultimate – getting rid of just about everything – including your house – and hitting the road? More than a few boomers are choosing this path.

In 2013 there were over 360,000 Americans who receive their Social Security at non-U.S. addresses, which was a 48% increase over 10 years before. Of course that doesn’t include hundreds of thousands more who travel either for long periods – abroad or in the U.S. – but still retain (more…)

Posted by Admin on September 7th, 2014

Florida Continues to Dominate: the Most Popular Active Adult Communities for 2014

Category: Active adult communities

September 3, 2014 — When it comes to the states that have the most popular active adult and 55+ communities at Topretirements it is a 7 state race – with Florida far out ahead. Four states had 60 of the 100 most popular communities: Florida (25), Tennessee (12), Delaware (11), and North Carolina (12). Colorado and Massachusetts had their strongest showings ever (10 and 7 respectively) while South Carolina launched 5 communities into the top 100.

With more than 300 active/55+/retirement developments in our database, Florida has more communities than any other state. That is at least one obvious reason for its dominance, along with its warm winter weather and lack of income tax. Delaware continues to have the best representation of any cold winter weather state with 11 communities on the list.

Parsing these results: (more…)

Posted by Admin on September 3rd, 2014

11 Great Retirement Towns for Biking

Category: Best Retirement Towns and States

August 25, 2014 — More and more active baby boomers have discovered the joys of biking – whether it just getting around the neighborhood on 2 wheels, the occasional rail2trail expedition, or longer trips through the countryside or even across the country. Cyclists save gas, get healthy exercise, have time to experience the sights, and are kind to the planet at the same time. In fact battery-assisted bikes, which use batteries to help you get up hills or assist on longer trips, are one of the fastest growing products in many places. So it stands to reason that when it comes to retirement, you might want to (more…)

Posted by Admin on August 24th, 2014

Retirees Adjusting to Living on Less

Category: Financial and taxes in retirement

August 23, 2014. How much of your pre-retirement income do you think you can count on once you are retired? A recent survey from T Rowe Price. “Retirees Live on Less“, found that most of the retirees in their survey are getting along on about 2/3 of their working days income.

The survey was conducted by the big mutual fund company among people who had money in at least 1 401(k) account. Their median household assets – investments and home equity minus debts – were $473,000. That would put the sample much better off than the average retiree, since only half of Americans over 45 have managed to save (more…)

Posted by Admin on August 23rd, 2014

Is Your Town Ready for Your Retirement? A Checklist

Category: Retirement Planning

August 19, 2014 — Whether you have decided to stay where you live now or maybe move out of state, you need to make a wise choice about where you retire. Part of that decision hinges on you being realistic, and demanding, about the requirements you need to make all the years of your retirement fulfilling – not just the first 10 years or so.

As we baby boomers age we are definitely moving the average (more…)

Posted by Admin on August 19th, 2014
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