Financial and taxes in retirement
By Robert Jones
April 25, 2017 — The good news about retirement is that it can be as much about beginnings as endings. While retirement often means concluding an existing employment contract, increasing numbers of people are grasping the opportunities that open up once they step away from the 9-5.
Today, worldwide connectivity through the internet means that, for most of us, there’s a whole planet of potential enterprise opportunity within easy reach. And many retirees are now considering starting up a retirement business – some to find a source of additional income, others simply in pursuit of an enriching or rewarding (more…)
Posted by Admin on April 24th, 2017
April 16, 2017 – Travel is one of the joys that most people look forward to in retirement. Unfortunately for many retirees, who find themselves struggling to pay their daily expenses, being able to afford a robust travel schedule is a serious problem.
Here are some practical tips to help even the most budget conscious baby boomer enjoy a lot of great travel experiences in retirement. (more…)
Posted by Admin on April 15th, 2017
Active adult communities
April 10, 2017 — Retiring to a very large active adult community offers a unique experience to baby boomers. Developments with over 10,000 residents almost always provide an amazing variety of amenities and lifestyle options. They often have hundreds of clubs and dizzying choices for non-stop activities every day. Populated as they are with people of all kinds of backgrounds and interests, you would have to work hard NOT to make a lot of great new friends.
Exact figures are hard to come by, but we estimate that there are at least 20 active communities in the U.S. with more than 10,000 residents, and at least 10 that have more than 10,000 homes (some communities might be below that now but have plans to go over). Because of their size they feature a range of recreational and social options that smaller communities generally cannot provide. Here are some of what they typically offer:
– Wide choice of sports suitable for all ages of retirees (multiple golf courses and tennis courts, swimming pools, softball, pickleball, bocci, etc.)
– Active social program with planned events on a daily schedule
– Wide array of clubs to match many different interests. Sometimes there are hundreds of different clubs
– Planned activities to enjoy such as crafts, woodworking, arts, singing, theater, etc.
– Classes and opportunities for life-long learning on campus
– Clubhouses, community centers, ballrooms, and performance venues that bring people and talent together
– Many of these communities have restaurants, stores, medical facilities, (more…)
Posted by Admin on April 9th, 2017
April 4, 2017 — Most people including your editor would be very pleased to live to 100. That assumes of course we have most of our wits about us and are able to escape afflictions that cause a lot of pain or difficulty managing daily life. So it seems worth asking – what are the keys to living to age 100?
The number of Americans who are 100 or over is increasing rapidly. The number went from 32,000 in 1980 to 77,000 this year. We baby boomers will swell those ranks even further, starting in 2046. The absolute best advice for living to centenarian status is simple – choose your grandparents wisely!
Your editor’s mother lived to 102 and was doing (more…)
Posted by Admin on April 4th, 2017
April 3, 2017 — Our recent article about the Proposed Obamacare Replacement Bill generated some consternation among some of our Members. We had a few emails and comments to the Blog that wished we had remained apolitical (and some more colorful). Many more people were probably upset but did not say anything. We appreciate getting all kinds of feedback, it is always helpful (if sometimes painful). With that in mind it seems like a good time to state what Topretirements.com stands for.
Here is what we say on our “About Us” page,.
Our goal at Topretirements.com is to help 78 million baby boomers make more informed decisions about key issues in retirement. That includes topics such as where to live and the reasons that should go into that decision. We also try to provide intelligent background information about important issues like Social Security, Medicare, how to survive retirement financially, as well as how to make the best of and enjoy your well deserved retirement. We hope this site is where real people share honest opinions about retirement in a supportive environment. Our message to retirees is: retirement gives you the freedom to start over fresh, so you might as well make informed decisions!
We do have an axe to grind in the retirement discussion; if you are a retiree or near-retiree we are rooting for you! If we see an issue that affects you, we will try to present you with objective facts from reputable sources. We will also occasionally give you a point of view – if we think a development is harmful or beneficial to you, we will say so. But if we do, it will be labelled as our opinion.
We hope this statement summarizes why we wrote the Healthcare article. We felt that the bill was going to hurt our audience of near retirees, and wanted to let you know the facts (yes, the facts, from authoritative sources with real journalists doing honest research, not political blogs with axes to grind). With the facts in hand you could make up your own minds.
Our biases might inadvertently creep in from time, and we apologize for that. But we won’t apologize for standing up for you when we think you need to know about an issue that affects you.
Thanks for being part of the Topretirements community – we appreciate your support.
Posted by Admin on April 2nd, 2017
Best Retirement Towns and States
By Flo Williamson
Part 2 South Carolina (link to Part 1: The Carolinas Revisited – North Carolina)
April 1, 2017 — After an interesting and enlightening visit to coastal North Carolina, we made a bee-line towards Charleston, SC. As we entered South Carolina, Route 17 took us through the Myrtle Beach area. Myrtle Beach was never on our retirement relocation radar, as it struck us as being too large, sprawling, and “touristy”. The traffic, even in February, bore that out. We passed through the small beach towns of Murrells Inlet and Pawleys Island, and stopped 35 miles south of Myrtle Beach, in Georgetown.
Georgetown, population 9,000, is a town on the Winyah Bay. It is golf cart friendly. Site of the 2nd largest seaport in SC, Georgetown is also home to an abandoned steel mill and a working paper mill that is located (more…)
Posted by Admin on April 1st, 2017
Family and Retirement
March 28, 2017 — Golf carts are an increasingly popular way to get around. They are inexpensive, easy to park, generally environmentally friendly, and fun too. But just because they are cute doesn’t mean you can’t get hurt in one.
In communities like The Villages in Central Florida the golf cart is THE transportation mode of choice – with 65,000 carts in residents (1 for every 2 residents!) Many have been customized to look like a Rolls Royce or other exotic car. The Villages has 42 miles of paths which golf carts share with pedestrians and bicyclists. Peachtree City near Atlanta is another community where (more…)
Posted by Admin on March 28th, 2017
Best Retirement Towns and States
March 27, 2017 — The authors of the Milken Report on Successful Aging have identified the best places in the country to retire for successful aging. In fact they have two different lists – larger Metros and smaller Metros (we will focus on the smaller Metros). Their selection process is the most rigorous of any we know of; it actually has 83 different criteria including access to good healthcare, transportation, security, employment and recreation opportunities, livability, community engagement, and livability.
Most boomers live in Metropolitan areas, and plan to stay there
The authors of the report refer to this as the “anti-retirement” list of (more…)
Posted by Admin on March 26th, 2017
Home and Garden
By Patricia Kennedy
March 21, 2017 — I am pretty tech savvy for an old lady. This isn’t an idle boast because even way back in 1984, I began learning all-things-computers by helping my husband setup a network to link our home offices. It turned out that my organizational skills and compulsion to “follow the logic” were great advantages when mastering new software or installing the latest laptop. I remember that itchy-fingers feeling when downloading a new program finding great satisfaction when everything was finally up and running smoothly.
But that was then.
Now is more complicated. Especially with all the inter-connected “devices” that we rely (more…)
Posted by Admin on March 21st, 2017
Update March 24: At the last minute when it appeared the votes weren’t there for passage, the President and Speaker Ryan pulled the bill and it was not voted on. Apparently the issue is moot for the time being. So as Ryan said, “Obamacare is the law of the land”.
March 22, 2017 – The Republican controlled Congress and our new President have come out with their proposed replacement to the Affordable Care Act, aka Obamacare. Unfortunately for its proponents, the new bill, the American Health Care Act (AHCA), has run into considerable headwinds. The American Medical Association (AMA), hospital groups, the Heritage Foundation,the AARP, as many as 18 Republicans in the House and Senate, several Republican governors, and virtually every Congressional Democrat do not like the bill. In this article we will review how the proposed bill would affect baby boomers 50-64 who are not eligible for Medicare. Unfortunately, many of the folks in this group are retired (often involuntarily) and have very low incomes.
The Congressional Budget Office estimates that 14 million Americans of all ages would lose health insurance coverage in 2018 under the bill, rising to 24 million by 2026. On the plus side, about a third of a trillion dollars would be saved during that period, mainly because subsidies to lower income folks would be replaced with less generous tax credits. Although younger people would probably see net health premiums (after tax credits) go down with the Republican plan, people age 50-64 would see increases in premiums that are so high (more…)
Posted by Admin on March 18th, 2017