Category: Retirement Planning
Update: September, 2013. A year later the Shoreline Village is alive and well. Definitely beginning to make an impact on the Shoreline community, although perhaps slower than they would like. In 2013 they were sufficiently far along to hire an executive director, a step the board felt strongly they had to take. Unfortunately that didn't work out, and they are now searching for a new director. Meanwhile they are getting good publicity with many public programs they are putting on in the towns of their target market - East Haven, Branford, Guilford, and Madison. Looks like the hard work of the founders is going to pay off!
May 29, 2012 -- The Retirement Village Movement - For Those Who Really, Really Don’t Want to Leave Home
Are you one of the people who wants to stay living where you do now? For whom the idea of moving to an active community, over 55+ community, or assisted living is just about the worst idea you ever heard? If so, you will probably be interested in the so-called “Retirement Village" Movement. This idea, which started with Boston’s Beacon Village in 2001, features cooperative societies that create a virtual support network to help with all of the life tasks that get in the way of staying in your home as you age. We recently attended an informational meeting for a new village being created in Branford, Connecticut, the Shoreline Village CT. This will report on that meeting and why you might want to know more about this movement.
The meeting we attended in Branford was hosted in a lovely condo in Branford. Dr. Randy Reinhold, one of Shoreline Village’s 8 founding board members, captured the spirit of the movement with this opening statement: “I love my home in Branford, and I never want to leave it”. The thought clearly struck
more...
Published on May 29, 2012
Comments 9
Category: Retirement Planning
February 8, 2012 -- Some weeks much good retirement advice comes in that we can't possibly write about all of it. Since we didn't want you to miss any of it, we've put together capsule summaries and links to all the great stuff. Here goes:
5 Myths About Retirement Homes. This story from Time Magazine's Moneyland is essential reading for any baby boomer who is willing to be
more...
Published on February 7, 2012
Comments 9
Category: Retirement Planning
By Betty Fitterman
Note: This is Part 1 in series. Here is the link to Part 2: "Living on a Dime, Or So It Would Seem".
When we retired in July of 2008, we thought we were set for retirement. After all, we had over a million dollars in the bank, had just sold both house and condo, furniture and cars, and we’d settled in for a wonderful ride across the country in our new home, a classy motor coach with all the bells and whistles anybody could ask for. Little did we know.
If you want all the details of our three-year odyssey, you can see them all on my blog, but for now I want to talk to you about the money. And where it went. And went. And went.
First of all,
more...
Published on February 1, 2012
Comments 8
Category: Retirement Planning
January 24, 2012 -- Retirement, like so many important parts of life, is a process. It is a project that requires planning, and occasionally a bit of trial and error. Last week we wrote about 7 things you need to do - right now - if you are going to successfully retire this year. This article will focus on some of the common misconceptions we think many people have about retirement. Many of the misconceptions turn out to be downers; we offer them in the hope that you can use them to avoid problems in your own retirement. For more on this topic we recommend Emily Brandon's US News & World Report article, "7 Misconceptions about Retirement", which provides some different perspectives.
1. I will retire later than I originally planned. Although according to the EBRI more than half of the workers interviewed said they would retire after 65, the actual trend is
more...
Published on January 23, 2012
Comments 8
Category: Retirement Planning
January 17, 2012 -- First, congratulations. You have worked hard and deserve a great retirement. We encourage you to follow the advice in this article to help you do just that. Links to additional resources are provided as well.
1. Figure out how much you are spending. Most financial advisors would agree that their clients tend to underestimate their spending and overestimate their incomes. The only way to be safe is to start recording your spending. Only then can you get a clear picture of what you are spending and where it is going. If out of line with your income, you have a chance to do something about it.
2. Analyze when to start taking Social Security. Even though you can
more...
Published on January 17, 2012
Comments 5
