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Twin Oaks is a 55+ active adult community located in sunny Bradenton, Florida, and brimming with serenity and charm. Our private, pet-fri...

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Brookfield Residential at Two Rivers is a brand new community designed for those 55+, and offers an abundance of opportunities for a vibr...

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Bon Ayre is a 55+ active adult, manufactured home land lease community located in Smyrna, Delaware, a town which was recently ranked 31st...

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Nestled in the foothills of the Great Smoky Mountains, Tellico Village comprises over 5,000 acres along Tellico Lake. Established in 1986...

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Few towns in the Southeast offer more gracious charm than Aiken, South Carolina.  Take a relaxing stroll through Aiken's tree-lined ...

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Discover the distinct difference in active living, nestled within the scenic beauty of historic DeLand, Florida at Cresswind at Victoria ...

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Reverse Mortgage Might Be in Your Future

Category: Financial and taxes in retirement

This is the second of a multi-part article on retirement confidence and the ability of retirees to have a comfortable retirement. The first article was called “Retirement Confidence Hits Rock Bottom“.

A new study from the Boston College Center for Retirement Research shows that 6 out of 10 retirees (61%) are at risk of not having enough retirement income to maintain their pre-retirement living standard. Those who choose to use a reverse mortgage to increase their retirement income can reduce their risk to 51%. For many reasons, however, only (more…)

Posted by John Brady on March 30th, 2010

Retirement Confidence at Rock Bottom – Working Longer Seen as Solution

Category: Financial and taxes in retirement

March 20, 2010 — According to a new study from the Employee Benefit Research Institute (EBRI), worker confidence about their retirement has hit rock bottom. The 2010 Retirement Confidence Study found that the percentage of workers who are very confident about having enough money for a comfortable retirement has stabilized at 16 percent, statistically equivalent to the record low 13% reported in 2009. Among workers who are already retired, the confidence index is slightly better at 19%.

These numbers paint a very discouraging picture about retirement – only 1 in 5 (more…)

Posted by John Brady on March 21st, 2010

Best States to Die In (but it’s never a good year to do it anywhere)

Category: Financial and taxes in retirement

March 15, 2010 and updated October, 2020 — Notes: First,this article was prompted by an excellent suggestion from one of our visitors, Gerry. Second, since this article was written there have been two increases in the per person estate tax exemption. Currently it is $11.4 million (indexed to inflation), which means that only a tiny sliver of people will ever pay any estate tax.

It’s not the cheeriest topic, but what critics call the “death tax” is on the minds of many people.

A complex subject
Let’s start by saying that estate and inheritance taxes are a complex subject, one where you should have a competent professional helping you. If your estate is worth less than $11.4 million, at least you don’t have to worry about that problem – your estate will not be taxed by the federal government under current laws. Some definitions – an “estate tax” is levied on the net value of what you are worth when you die, an “inheritance tax” is levied on your heirs from what what they collect from the estate. The estate tax is more common. Your spouse will not pay inheritance taxes from your estate, but your children and other heirs might in some states.

(more…)

Posted by John Brady on March 15th, 2010

Worst Retirement Mistakes to Avoid

Category: General Retirement Issues

We’ve posted a new article in our Tips and Picks section on the “Worst mistakes you can make in retirement”. Our hope is that you can examine them vs. your own situation and at least avoid the most serious of them.

Post your worst retirement mistakes here. And better yet, use the comments section below to share your best retirement planning success tips!

Posted by Admin on March 8th, 2010

What You Need to Know When the HOA Takes Over from the Developer

Category: Active adult communities

Updated May, 2020 (originally published in 2010). Given the tough economic times ahead in 2020 and 2021 and the problems that might ensue with developers and homeowners caught in a bind, this seems like a good time to revisit the topic.

This article is Part 3 in our series about Home Owners Associations (HOA’s). Part 1 was called “Meet the New Boss – Your HOA“, and Part 2 was “What You Need to Know about Your Home Owners Association“.  Both of those generated numerous interesting comments which are worth reading. We are grateful to Joe West, CEO of the Community Associations Network, for his assistance in preparing this series.

 Home Owners Associations (also called Community Associations or condo associations) and their homeowners face a (more…)

Posted by John Brady on March 2nd, 2010

You’re Retired in Your New Home – But Are You Safe from Fire?

Category: Health and Wellness Issues

fire_logo_v2_cropped_bwYou are finallly retired, you’ve chosen a great community, and now you are living in your new home – whew! But before you relax completely, make sure you get to enjoy your new lifestyle for a long time by taking some basic safety precautions. Every year, more than 3,000 people die in home fires in the United States; most of whom are in homes without a working smoke alarm. To prevent these deaths, the U.S. Fire Administration (USFA), a division of the Federal Emergency Management Agency (FEMA) is sponsoring a nationwide Install. Inspect. Protect. Campaign designed to raise (more…)

Posted by Admin on March 1st, 2010