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Holiday Island, located in the Ozark Mountains of Northwest Arkansas, is a planned community situated at the edge of 53,000 acre Table Ro...

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A Stress-Free Decision for Better Living. Traditions of America at Silver Spring is located in the  #2 "least stressful place to liv...

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UNIQUE MILITARY RETIREMENT COMMUNITY, "THE PLACE PATRIOTS CALL HOME"WHO WE AREPrimarily a...

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Maybe It’s Time to Retire Retirement

Category: Work and Volunteering

December 12, 2018 — Back when the concept of retirement became institutionalized, our live expectancies were nothing like what they are now. When Social Security came into being in 1935 the retirement age was set at 65, but the odds were that if you made it that far you wouldn’t be collecting long. During the Great Depression of the 1930’s life expectancy for men was 59 and 63 for women: for people born in 2018 the expectancies are 83 and 86.

Although not everyone over 65 is healthy, vigorous, and mentally sharp, millions of us are. Which leads many experts to propose that in the face of a tightening employment market, employers should consider putting the whole idea of retirement on hold. This excellent article in Nautilus, “Retiring Retirement: A Growing Portion of the Elderly Look Anything But”, explains the growing phenomenon of people who are not acting their age, and the reasons why they should be more gainfully employed.

The authors give some wonderful examples. One of their fathers-in-law, a 97 year old retired Air Force Colonel, is posed in (more…)

Posted by Admin on December 11th, 2018

Age 70 and 1/2 or More – RMD Deadline Looming

Category: Financial and taxes in retirement

December 11, 2018 — December 31 is the deadline for taking a Required Minimum Distribution (RMD) from your 401(k) or IRA if you are older than 70 and 1/2 (but if you turned 70 and 1/2 this year you have until April 1). Fines for not doing so are steep – 50% of the required distribution not taken. Because it might take several days for your financial firm to handle the distribution, it is definitely time to make sure you do this now!

Tax savings available
For people with substantial income and retirement saving balances, the taxes on an RMD can be significant – because it is treated as ordinary income. If you already have pension, investment income, and Social Security income, the RMD could tip you into a higher bracket. But there is an easy way not to pay taxes on up to $100,000 of your annual RMD.

You can take a Qualified Charitable Distribution (QCD) by directly transferring funds from your IRA custodian to a qualified (more…)

Posted by Admin on December 10th, 2018

Ideal Snowbird Pairings and More: Fascinating Comments from Our Survey

Category: Retirement Planning

December 5, 2018 — This is Part 2 of our report on our recent Snowbird Survey. Part 1, “Florida is Favorite Snowbird Destination“, contained the detailed results on the survey’s first 9 questions. This installment is mostly made up of verbatim comments detailing where people snowbird to, and how they get there. Because these are actual comments from real people on this issue, we think you will find it a great source of ideas and comparisons to your own thoughts and experiences.

This article has three sections: Section 1 will start will overall observations, Section 2 is a sampling of 351 overall comments made to Question 10, “Anything More to Say”, and Section 3 has a link to all 166 comments made to Question 8, “How Hard Was It to Find a Place to Snowbird”.

Section 1: Observations
Driving vs. Flying. More people drive to their snowbird destination than fly; the ratio is about 3 to 1 in favor of driving. Top reasons for driving include: having a car at the destination, more room for stuff, taking pets, and visiting/exploring on the way are . Avoiding a multi-day, long drive is a top reason for flying. Many people who fly either keep a car at the destination, or have the car driven down.

East vs. West snowbirds. As is usually the case with Topretirements surveys, the majority of our audience is east coast based, mostly from the Northeast or Midwest. Although there were some folks who cross the Mississippi to either (more…)

Posted by Admin on December 4th, 2018

Beware Those Free Steak Dinners!

Category: Financial and taxes in retirement

December 3, 2018 — One of the intriguing lines that came up during the interviews for our “Should You Hire a Financial Advisor, Or Do It Yourself” article of a few months ago was this one: “Beware those free dinners”. Lewis, the author of that quote, was referring to those invites you get in the mail for a free dinner at some nice restaurant; in exchange all you have to do is listen to some financial expert tell you how you can make a ton of money. Recently Ron Lieber, a columnist from the New York Times, took up that invitation, using one that came in for his 80 year aunt. The pitch was: “Tired of the stock market roller coaster ride? Want to protect your principal and lock in interest earnings?” The answer was to be found during a free (more…)

Posted by Admin on December 2nd, 2018