Clunkers for Cash Program Gets Underway

Category: Financial and taxes in retirement

Update – July 31: As of today the Cash for Clunkers Program has been so unexpectedly successful that 250,000 cars have been sold. Result: the program has run out of money, and the New York Times reports that the Transportation Department told dealers to stop taking new applications. But today (Friday) the House added $2 billion to the original $1 billion level. The Senate has not yet voted on it, but government officials said the program will continue running at least through this weekend.
July 27 – The program to take gas-guzzling cars off the road while stimulating new car purchases was so successful in Europe that it is now in place in the good old U.S. The law was signed by President Obama in late June and went into effect on July 27, after the resulting regulations were published in the Federal Register on July 24. (more…)

Posted by John Brady on July 27th, 2009

The Best Retirement Places for Singles

Category: Singles and Retirement

yoga-regIf you are a single person looking for a best place to retire you will probably employ a few different criteria than those a couple might use.  Many of our Topretirements visitors have asked for more information about best places for singles to retire – this article is our attempt to help.

The most common, and certainly understandable, fear that single people have about retirement is that they will wind up in a community where most of the people are paired off. A place where singles are at best ignored, at worst discriminated against.  Fortunately with some careful planning and research you can find a retirement town or active adult community where single people are included and feel completely integrated in that lifestyle. (more…)

Posted by John Brady on July 21st, 2009

Are We Seeing the End of the McMansion Era?

Category: Home and Garden

The current recession has had no end of side effects. Now a study from the American Institute of Architects finds another one – the era when giant McMansions dominated the face of North America appears to have come to an end.

The Home Design Trends Survey  polled architects to find out what their clients are interested in building. It determined that buyers are interested in smaller, more energy-efficient homes than in years past. Large entry foyers with high ceilings appear to be out. What is in are enhancements to existing homes that increase living space from the existing footprint without impacting energy consumption.  Indoor/Outdoor areas such as patios and outdoor kitchens, finished basements and attics, and other types of improvements are popular. (more…)

Posted by Admin on July 13th, 2009

10 Steps You Must Take Before Buying in an Active Community

Category: Active adult communities

camarillo-caOur latest installment, “When Active Adult Communities Go Bad“,  might have put the fear of the Lord into many of our readers.  This week’s article is intended to provide the basic steps you can follow to minimize your risk in buying into an active adult community, and help you take advantage (more…)

Posted by Admin on July 13th, 2009

Rethinking Retirement in a Recession

Category: Financial and taxes in retirement

retirement_savingsIn the last year mentioning the word “retirement” often generates a pause or a snigger; it might even seem like you’ve made a sick joke. As in, “What retirement? My 401k has blown up, my job gone, and along with that my retirement dreams.”
True enough, millions upon millions of baby boomers are asking hard questions about their retirements.  Sadly for many of us, the new reality is here – we won’t have enough to retire on comfortably. For others the day of reckoning is all too close; they never saved enough. Even if there hadn’t been a global economic meltdown, they were never going to retire in the lifestyle to which they had become accustomed. (more…)

Posted by John Brady on July 6th, 2009