August 15, 2015 — Note: This article by our frequent contributor Jan Cullinane was originally published by US News & World Report.
Retirees can live anywhere they want to, and it doesn’t necessarily have to be a single place. Some retirees choose a life at sea, constantly moving from place to place on a cruise ship.
For example, Beatrice Muller lived on the Queen Elizabeth 2 from 2000 to 2008, when the ship retired from service. Muller was 82 when she began living aboard full time. Another retiree, Claire MacBeth, sailed on back-to-back Cunard cruises for more than a dozen years. And Lee Wachtstetter, 86, ditched her (more…)
Posted by Admin on August 25th, 2015
Financial and taxes in retirement
August 18, 2015 — Many of us don’t have the interest, the background, or the perseverance to do a great job managing our retirement money. As a result, we often turn to a financial advisor for help with planning and making smart investment choices for the retirement funds that are so important to our retirement security. But before you sign up with someone from the yellow pages, that fabulous guy the boss recommends, or your brother-in-law, here are some things you should be doing to protect and maximize your nest egg.
1. Don’t get fleeced
The sad fact is that there are many unethical people out there who would love to separate you from your hard earned retirement savings. They very often come with glowing references, testimonials, track records, advertising, and impressive credentials. And thanks to those weapons, thousands of (more…)
Posted by Admin on August 17th, 2015
Family and Retirement
August 13, 2015 — One of the unpleasant aspects of being a baby boomer at this stage of our lives is realizing that our own mortality is inevitable, after all. Loved ones and dear friends are starting to pass on in growing numbers… some day we are pretty certain we will too. Dealing with that loss has many difficult aspects, so this article launches a series of how-tos on the subject.
Nextavenue.org, one of our favorite websites, had some great articles on the topic recently. We will add our thoughts to two of those here, and provide you with (more…)
Posted by Admin on August 12th, 2015
Best Retirement Towns and States
August 6, 2015 — We are always pleased to see a “Best” list that is actually based on more than just someone’s personal opinion. 100 Most Livable Small Towns from Livability.com, which is based on overall livability, is a great example. To come up with their list they claim to have examined more than 40 data points for 12,000 towns with populations between 1,000 and 20,000. One caution is that their “livability” list is meant for people of all ages, not just retirees. Fortunately, most of their criteria apply to everyone, with the possible exception of the quality of the schools. The four major criteria used were in the broad categories of Schools, Businesses, Health Care, and Real Estate options.
Some people might be disappointed that these towns are not necessarily the most inexpensive places to live. That wasn’t a criterion, but on the other (more…)
Posted by Admin on August 6th, 2015
Financial and taxes in retirement
July 28, 2015 — If you were hoping for great news in the annual report from the Social Security Trustees, you will be disappointed – the program’s trust funds will still be exhausted in less than 20 years. However if you were looking for a doomsday report, you won’t find that either. Even when the Social Security trust funds are exhausted at the current projection date of 2034, current revenues will still be able to fund about 75% of promised benefits. But to avoid significant cuts to benefits, the program needs to be reformed sooner rather than later.
Here are some other facts from the Trustees Full Report: (more…)
Posted by Admin on July 28th, 2015
July 28, 2015 — There is at least one good thing about getting to the ripe old age of 65 – you are eligible for Medicare! It pretty much removes the worry of finding health and drug insurance coverage, and you get this benefit at a very low cost. But if you make some of these common mistakes, you might not be eligible for it when you want it, or it might cost you more money than it should.
We think this article will be useful for people who have not yet signed up for Medicare as well as those who are already in the program. It is part of our series on Medicare and health care insurance. See the bottom of this page for links to the rest of the series.
But before we launch into the worst Medicare mistakes, here is a tiny background about Medicare:
What is Medicare, and who is eligible?
Medicare is health insurance for people 65 years or older, under age 65 with certain disabilities, and any age with end-stage renal disease (ESRD) or Lou Gehrig’s disease. Medicare has four parts — Part A, which is hospital insurance, Part B, which is medical insurance, Part C, which is Medicare Advantage Plans, and Part D, which (more…)
Posted by Admin on July 27th, 2015
Best Retirement Towns and States
July 21, 2015 — We just updated one of our earlier articles, “10 More Affordable (and Nice) Places to Retire“. While we knew we have written on this topic several times, we were surprised to find out that we have published at least 5 different “affordable” lists. So we thought it would be good to not only mention today’s updated article, but to also provide a reference in one place to all of the other ones. That way, anyone looking for ideas for a place where their retirement dollar goes further, and is also a nice place to retire, will have a ready source.
More Affordable Lists:
Affordable Places to Retire on the Waterfront, Part 1
Affordable Places to Retire on the Waterfront, Part 2
10 Affordable and More Best Places to Retire
20 Great and Affordable Towns to Retire
8 More Affordable Places to Retire
Most Tax-Friendly Places to Retire
Comments: If you have ideas or suggestions on affordable places to retire, please add them in the Comments section below.
Posted by Admin on July 21st, 2015
Retirement Real Estate
July 13, 2015 — Some people dream of retiring in an expansive home with plenty of room for hobbies, friends and grandchildren. And others can’t wait to downsize, get rid of 40 years of accumulated “stuff”, and live in a manageable-sized home. This article is dedicated to those interested in the latter, especially to the folks who want to take it to a small extreme. The end of this feature had many resources to find out more about the tiny homes movement along with examples of – from TV shows to a Netflix documentary.
The average new single family home has grown and grown. In 1978, according to Wikipedia, it was 1,780 square feet (165 m2), but, despite a decrease in the size of the average family, the average home had bloated to 2,662 square feet by 2013.
Small… and then there is Tiny!
The small house movement generally refers to houses of less than 1,000 square feet. Tiny houses take that further, and are less than 400 sq. ft., with some (more…)
Posted by Admin on July 13th, 2015
July 7, 2015 — We never tire of promoting the idea that retirement is a chance of a do-over on life. Not that you get to reset back to square one, but you can at least start over from this point. To that end we thought you might enjoy a group of fascinating articles about following your dream. One is a post about Lucy Burdette, the cozy mystery writing wife of your editor, while 3 others are from Nextavenue.com.
Lucy’s 14th mystery, “Fatal Reservations“, comes out this week from Penguin Putnam. Although she has been at this a long time now, (more…)
Posted by Admin on July 7th, 2015
Active adult communities
July 4, 2015 — It’s out there somewhere, the perfect place for you to retire. A community with the right combination of activities, ambience, neighbors, type of homes, etc. that matches exactly to what you are looking for. The reality is there might be dozens, even hundreds of places that where you can retire happy, if you can identify and analyze them. This quiz will take you through the major issues that will help you understand and rate the communities that are a good match for you.
About this checklist/rating sheet
For each question there might be several answers that describe you and your preferences, so choose as many as fit. Once you complete this form you will have a better idea about your overall preferences. Then, by rating different (more…)
Posted by Admin on July 4th, 2015