Family and Retirement
November 13, 2018 — Having an elderly pet can be a challenge; in some ways it is similar to caring for an older family member. But looking on the bright side, there are any number of lessons that Felix or Fido can offer to improve the enjoyment of your retirement. We’ll explore some of these here.
– Stretching is a good thing. Cats, and to some extent dogs too, naturally stop and stretch to get the kinks out – and so should we. Daily stretching is one of the best things you can do to avoid injuries as well as (more…)
Posted by Admin on November 12th, 2018
This article is courtesy of a recent interview with Nomadic Pilot, a long time Member at Topretirements. His retirement story is pretty interesting, we hope you enjoy it.
November 11, 2018 –
TopRetirements: We understand you are a pilot. Could you tell us a little bit about your flying life?
Nomadic Pilot: I’ve been a ‘recreational’ pilot since 1983. We use the airplane for weekend fun or family trips. My current plane is my third – a Cessna Turbo 210, preceded by a Piper Arrow II and a Cessna 172. I hold private single-engine-land (SEL) and single engine-sea (SES) certificates along with an instrument rating. The 210 is a fabulous cross country airplane. I purchased it in 1998 when we were living in southern CA. While there we used it for trips to Palm Springs, Sedona, Eureka, Napa, Seattle, Spokane and Fort Collins to name a few. We used the plane quite a bit to fly to college towns in the west when our son was evaluating colleges. We’ve also used it to fly to the annual (more…)
Posted by Admin on November 10th, 2018
Home and Garden
November 7, 2018 — In our younger days we baby boomers did our bit to change the world. Now that most of our working days are behind us, will we revolutionize retirement living too? This article will review how retirement living options have changed since our teen years, and then we will prognosticate on what might be coming down the road, as the last baby boomers reach retirement age (they hit age 65 in 2031), and turn the baton over to Generation X in 2032.
Retirement, back in the day.
Prior to 1960, when Sun City Arizona opened, your retirement living options were pretty simple, probably occurring in stages. You could live in your own home (with a caretaker if you were well off), move in with one of your children, or go to a retirement or nursing home. The latter tended to be pretty bleak- surrounded by a lot of old people, maybe lucky to get your own room. Amenities tended to be limited.
The original Sun City Show Home
Sun City introduced the active adult community (or 55+ community) to the world, and it has been super successful. To give you an idea, from that single community in 1960 there are now thousands; in fact there are 3,761 communities in our Topretirements database, and at least 80% of those could be classified as 55+ or active adult. We (more…)
Posted by Admin on November 7th, 2018
October 31, 2018 — A provocative question we hear from time to time is, “Where do you think you’ll be, and what will you be doing, when you turn 80 and move toward 90?” Forward thinking helps insure that you arrive at the place that you want to be, ready for the challenges that might be there.
The purpose of this short article is to solicit brief answers from our Topretirements community on this question – how will your lifestyle differ from what it is now in your 60s or 70s? Please refrain from saying you will probably be dead – half of us will live into our 80s – and we need to understand what we should be (more…)
Posted by Admin on October 30th, 2018
Best Retirement Towns and States
October 30, 2018 — Last week we reported on the retirement towns we visited in Western North Carolina. This second installment continues the trip down into northwestern Georgia. Don’t forget to see links to our other road trip articles in the “Further Reading” section at bottom.
The Planning Begins
We planned the trip by going through the Topretirements State Directories, looking for potential retirement towns to explore in the western parts of Georgia. (more…)
Posted by Admin on October 29th, 2018
Best Retirement Towns and States
October 23, 2018 — For the longest time we have wanted to explore the western Carolinas and northern Georgia to get a better picture of this popular region for retirement. So for this year’s southern migration my wife and I decided to take the western route, starting out on Interstate 81. What a great trip it was. We will report on the towns we visited in western North Carolina (plus a list of the ones we didn’t to see). In a second installment we will continue with those we visited in northwestern Georgia. Don’t forget to see links to our other site visit articles in the “Further Reading” section at bottom.
Even if you are not considering retiring to this area you might find this travelogue a source of good ideas. You could use it for either a short vacation, or as a diversion if you are a snowbird hurtling to and from your summer and winter haunts.
The Planning Begins
We started planning the trip by going through the Topretirements State Directories, looking for towns in the western parts of Virginia, North and South Carolina, and Georgia. Our goal was to find towns that we (more…)
Posted by Admin on October 22nd, 2018
Financial and taxes in retirement
October 22, 2018 — Medicare costs for 2019 have been announced, and fortunately, the increases are small. The standard Part B premium amount is $135.50 (or higher depending on your income), vs. $134 in 2018. Part B deductible and coinsurance will be $185 per year, vs. $183. The Part A deductible for each benefit period will be $1,364 vs. $1,340 in 2018. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you’re a hospital inpatient), outpatient therapy, and durable medical equipment (dme)
Certain people pay different Part B premium
The standard Part B premium amount in 2019 will be $135.50. Most people will pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.
For further reading
For more about Medicare costs for 2019
Posted by Admin on October 21st, 2018
Retirement Real Estate
October 16, 2018 — Here is a conundrum facing many retiring baby boomers, particularly those from the Northeast. You dream of escaping cold winters and snow, and replacing those annoyances with warm winters, sandy beaches, and being outside in shorts all year round. But, the Eastern and Gulf coasts of the U. S. come along with a big problem – hurricanes! This article will explore the issues associated with retiring to an area prone to hurricanes, a danger that recent history has shown to be a growing and very serious threat.
To tackle the issue we’ll break it up into three parts: what to (more…)
Posted by Admin on October 15th, 2018
Financial and taxes in retirement
October 14, 2018 — If you receive Social Security or Supplemental Security Income (SSI) benefits, the biggest increase in years is about to come your way. More than 67 million Americans will see an increase of 2.8 percent in 2019. The COLA was 2% in 2018 and .3% in 2016. The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable in January 2019 (which means you will see the increase in your Feb deposit). If your monthly payment is currently $2500, that means a $70/month increase.
Earnings limits also increased
The maximum amount of earnings subject to the Social Security tax (taxable maximum) (more…)
Posted by Admin on October 13th, 2018
October 13, 2018 — Medicare Open Enrollment runs from Oct. 15 – Dec. 7. If you are currently on Medicare, or didn’t sign up when you were first eligible for it, now is the time to compare plans and make sure you have the coverage that’s right for you in 2019.
Sure you are busy and have many things to think about. But spending a little time and effort every year to make sure you are in the right plan Medicare plan is important. For example, maybe you currently have Medicare Part B along with a supplemental plan. Flash forward to the present. Your health needs might have changed since then, maybe enough so that you aren’t in the right plan anymore. Maybe Medicare Advantage (Part C) makes more sense now because it probably covers additional benefits such as vision, dental, (more…)
Posted by Admin on October 12th, 2018