Preventing the Heartache of Greenwash

Category: Green Retirement Communities

green_house1
No, it’s not something you add to the wash to get out those pesky grass stains you used to get playing touch football. Nor is it a St. Patty’s day breath-freshener. Greenwash is what happens to you when you succumb to a developer who promises you a “green” house in a sustainable community, only to move in and find the Chinese wallboard smells like rotten eggs. (more…)

Posted by Admin on March 31st, 2009

Drug Wars Put Scare on Mexican Retirement

Category: International Retirement

tijuana_mexUp until now one of the best strategies for a lower cost retirement was to head south of the border, Mexico way. But escalating drug violence in Mexico is causing many Americans to either stay put in the U.S. or move a bit further to a central American country like Costa Rica or Uruguay in South America. (more…)

Posted by Admin on March 24th, 2009

Positive Housing Sales in February Help Propel Dow

Category: Retirement Real Estate

arizona-poolMarch 23 – Retirees either looking to sell their existing homes or see their retirement portfolios reclaim some of their losses got some good news today. Sales of existing homes in the U.S. increased 5.1% in February over January, helping give Wall Street its best day in months. Sales of single-family, townhomes, condominiums and co-ops were off 4.6% vs. the year earlier February. Prices continued to decline in February as the median selling price of a U.S. home fell to $165,400, off 15% from the year earlier period. (more…)

Posted by Admin on March 23rd, 2009

Topretirements Quoted in Herald Tribune on Arizona Retirement

Category: Baby Boomer Retirement Issues

Our friend and colleague Michael Pollick has been writing a fascinating series about baby boomer retirements in the Sarasota Herald Tribune. And we are very pleased to have one of our quotes featured in the headline of this week’s article: “Arizona, a Fresher Florida?“.

Michael has spent a lot of time researching where boomers are retiring and which states are doing the most to attract them. He has found that his own state, Florida, is starting to lose retirement share to upstart states like Texas, Tennessee, the Carolinas, etc.; which have active marketing campaigns to attract retirees (such as certified retirement community programs). (more…)

Posted by Admin on March 17th, 2009

Under Water Boomers Face a Dilemma – Rent or Sell

Category: Financial and taxes in retirement

Oh baby boomers, what a mess we’re in now. Not only have our investment portfolios been hammered, but our real estate investments are hurting too. A recent study from the Council for Economic Research points out that both add up to grim news for baby boomers – particularly for those who planned on moving to start their retirement.

“The collapse of the housing bubble, which led to the current recession, has already destroyed almost $6 trillion dollars in housing wealth for homeowners,” said report co-author Dean Baker. “This reality is compounded by the recent collapse of the stock market. The result is that many baby boomers will only have Social Security and Medicare to rely on in their retirement.” (more…)

Posted by Admin on March 15th, 2009

The Other Side of Retirement: Mental Preparation

Category: Baby Boomer Retirement Issues

Everybody talks about, and many people even do something about, the two obvious aspects of retirement planning. But almost nobody is attending to the third leg of retirement planning: mental preparation. (more…)

Posted by Admin on March 9th, 2009

Visit to South Florida’s Real Estate Mess Finds Tranquil Exterior

Category: Best Retirement Towns and States

Dateline: Fort Myers and Miami, Florida. Your Topretirements editor is spending a few days in South Florida. Realizing that the region is one of the 3 hardest hit real estate markets in the country (along with Phoenix and Las Vegas), we wondered: what would this meltdown look like in person? Since retirement in the warm climes of South Florida is the dream of many a baby boomer, here is our report on what we can see by looking out the window, jogging through the streets, talking with folks, and reading the newspapers. (more…)

Posted by Admin on March 1st, 2009