Gary and Pat: These Former Educators Give a Master’s Class on Retirement Planning

Category: Retirement Planning

Editor’s note. This is another in our continuing series of articles exploring actual people’s retirement stories. Thanks so much to Gary and Pat for sharing theirs. See bottom of article for more baby boomer retirement articles.

September 1, 2017 — When it comes to planning out a retirement and then living it to the fullest, this pair of former educators in the Michigan school system could teach the course. Gary grew up on a farm on Lake Michigan, and Pat grew up nearby. Both learned the value of hard work, and both loved living near the lake and exploring it winter and summer in their childhood and working days.

The pair have always been enthusiastic runners, bikers, and tennis players. They met as competitive cross country ski racers, crisscrossing (more…)

Posted by Admin on August 31st, 2017

Don’t Get Hurt by the Latest Scam – Phony Federal Reserve Accounts

Category: Financial and taxes in retirement

August 28, 2017 — From June to mid-August 15, nearly 107,000 payments for more than $100 million were attempted by people trying to use the latest financial scam. Unfortunately for those who tried, all of the payments were nullified. In this “too good to be true” flim flam people are being told there are secret accounts at the Federal Reserve that ordinary people can tap into to pay bills, if they learn how. All you need to do is add your Social Security number to (more…)

Posted by Admin on August 28th, 2017

Retired Men’s Greatest Health Risk? We Bet You Can’t Guess It

Category: Health Issues

August 26, 2017 — As men hit middle age and then go into retirement there is one persistent health risk that doesn’t get the attention it deserves. Isolation, new studies show, can cause all kinds of serious health and psychological problems. The harm caused by isolation is happening to men in ever greater numbers, and usually gets worse after they retire. Women suffer from isolation too, but not in nearly with the same frequency, and then usually just in the later stages of life. A story at the Boston Globe (see link at bottom) sparked this article and a whole lot of comments. We are happy to see that ur version on the topic is getting a lot useful discussion too.

An exercise
If you are a man reading this article, here’s an exercise that might be painful as well as instructive. Write down the names of how many close friends you have. Once you’ve done that, write down how many times you have had a close interaction with any (more…)

Posted by Admin on August 26th, 2017

Retirement Planning: Our Members Are on the Move!

Category: Retirement Planning

August 23, 2017 — There is one very clear conclusion from our latest Member survey, “Selling Your Home and Retirement Planning” – our Members overwhelmingly plan on moving to a different home when they retire. And, they plan on moving on in much greater numbers than does the general population. Some 90% of our recent survey takers said they definitely will sell their home, are thinking about it, or have already sold. That contrasts with just 6% that say they will definitely or probably stay in their current home.

Topretirements’ Members itch to move is starkly different from a recent AARP survey, where 90% of people over 65 said they want to remain in their own homes and community as long as possible. For comparison, a Del Webb survey some years back found that about one third of baby boomers plan on moving in retirement.

The Topretirements.com survey from last week asked 10 questions about moving, downsizing, and what kind of home you intend to buy for (more…)

Posted by Admin on August 23rd, 2017

The Mysteries of Decluttering from Lucy Burdette

Category: Home and Garden

The Mystery of Decluttering…Recipes @LucyBurdette
August 16, 2017
By LUCY BURDETTE… Over the past 4 to 6 weeks, I’ve been involved in what one might call “productive procrastination.” This means using the inspiration about cleaning stuff out of my house that I found here to actually clean stuff out of my house. This most often happens when I am stalled on my writing. (Why is it that cleaning is so appealing when a person is hammering out a first draft of her new novel?)

We’ve made multiple trips to the clothing donation box, more trips to (more…)

Posted by Admin on August 16th, 2017

The Can That Keeps Getting Kicked Down the Road: Social Security Trustees Annual Report Has More Bad News

Category: Financial and taxes in retirement

August 15, 2017 — If you are receiving Social Security or you plan on relying on it for your retirement, this news is important. If no action is taken, your benefits will take a big haircut in just 17 years.

Every year the Social Security Trustees prepare an annual report. The one for 2016 was just published, and once again it predicts trouble ahead for the nation’s system of Federal Old Age and Survivors Insurance and Federal Disability Insurance Trust Funds (OASDI), otherwise known as Social Security. Every year the Trustees warn Congress that something must be done, and every year Congress kicks it down the road. Fixing the system will be painful, but in our opinion, something must be done. The longer it takes to correct the system, the worse the problem gets.

Income still higher than expenditures – for now
Total expenditures in 2016 were $922 billion, while total income was $957 billion: the surplus for the year was $35 billion. Asset reserves held in special issue U.S. Treasury securities continued to grow. Social Security’s total income is projected to exceed its total cost through 2021, as it has for every year since 1982.

Interest income not enough to cover program cost deficit
The Trustees project that interest income, which was $88 billion in 2016, is shrinking every year. Up to this point it has helped cover the deficit of expenses over contributions paid in. As interest income declines, however, the total surpluses will turn to (more…)

Posted by Admin on August 15th, 2017

Latest Survey: Do You Plan on Selling Your Home, Downsize, and Move?

Category: Retirement Planning

August 14, 2017 — Whenever baby boomers get together there is always one guaranteed topic of conversation – what are your retirement plans? Here is your chance to share your plans (and actions!) and compare them with what others in the Topretirements.com community are thinking about. Our latest survey is an update on one in 2013 that brought in a phenomenal response. The new survey is “Selling Your Home, Retirement Preparation, and Where You Will Move“.

Please take this quick survey now. We promise to summarize the responses in detail in a coming Blog and newsletter article, along with a comparison to how our Members answered back in 2013.

TAKE THE SURVEY NOW!

Thanks

Posted by Admin on August 14th, 2017

An Architectural Gem, And Everything You Might Want in a Place to Retire

Category: Best Retirement Towns and States

August 8, 2017 — Would this checklist for a great place to retire work for you?
– All public buildings have world class modern architecture – Triple check!
– Plenty of parks and open spaces – double check!
– Community-minded town with extremely active library, senior center, recreation – triple check!
– Public art is all around – check!
– Home prices must be below national median – check!
– Walkable, interesting downtown – check!

We are talking about the fascinating town of Columbus, Indiana – just south of Indianapolis with a population of 45,000. On our recent two day visit your Topretirments editor was blown away by what a great place to live and retire this is. Yet when we mention it to people of no little sophistication, they say, Columbus….Indiana …. never heard of it. This is your opportunity to learn more.

It all started
Columbus is known for being the home of Cummins, Inc., the Fortune 500 corporation started in 1919 that designs, manufactures, and (more…)

Posted by Admin on August 8th, 2017

Are There Big Differences in West Coast vs. East Coast 55+ Communities?

Category: Active adult communities

August 2, 2017 — Last week we reported that for the first time ever, 2 towns in the Western part of the U.S. came out at the top of our “100 Most Popular Places to Retire List for 2017“. We found that to be pretty big news, particularly since: a) more people live in the Eastern part of the U.S. (58% in 2011), and b) we assume that more folks in the East consider migrating in retirement because their winter weather is worse. 2017’s winners could be a one year anomaly, or it is possible it is part of a long term trend – we are not sure.

That question brings up another aspect of the East vs. West retirement issue. We have long had an assumption, not supported by any data, that the the two parts of the country have quite different types of active adult and 55+ communities. This article will explore that question. But beyond our speculations on the topic, we are really hoping for input from our Members who have spent time visiting or researching active communities in different (more…)

Posted by Admin on August 2nd, 2017