Category: Financial and taxes in retirement
Updated February 2018 -- The first article in this series, "Five Reasons Why You Should Retire in Another State", explored the major reasons why it might be a really good idea for you to move from the Midwest or the Northeast to a different state. In this related article we have had the good fortune to interview Barton Smith Esq., a Florida attorney who, in addition to focusing in the areas of real estate, land use and civil litigation, has helped many clients establish legal residency in the Sunshine State. While this article specifically refers to becoming a Florida resident, most if not all of the steps are similar to moving your residency to another state.
TR: Bart, thanks for taking the time to talk with us. We understand you are not giving legal advice here, but have agreed to provide some helpful overview information for Topretirements members. First off, could you tell us if there are any advantages to becoming a legal resident in Florida?
BSmith: There are obvious advantages to becoming a Florida resident. The first, and most well known, is...
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Published on June 21, 2011
Comments 38
Category: Active adult communities
June 20 - Finding the active adult community or retirement town of your dreams can be fun, but it does take some effort to do it well. Lately we have received some interesting questions about how to use Topretirements for that purpose. We'll use this post to give you some ideas - and ask for your help as well.
Question 1: You've got so many communities listed at Topretirements. How can i narrow the list down to a manageable number, short of clicking on every community in your State Directories of Active Adult and 55+ Communities?
A: We think we have some good suggestions to help...
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Published on June 20, 2011
Comments 6
Category: Financial and taxes in retirement
June 14, 2011 -- So you've been thinking about your impending retirement. We'll bet you are wondering where in the heck you should retire to, even if you are pretty sure you will end up in the group of 70% of retirees that never move more than a few miles from home in retirement. This article will give even you some powerful reasons to consider moving a lot farther away, in fact all the way to another state. Most, but not all, of the reasons have to do with money. Part 2 of this series, "Becoming a Florida Resident", will provide the nuts and bolts of how to...
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Published on June 13, 2011
Comments 105
Category: Active adult communities
June 10, 2011 -- Note: This is Part I of a multi-part series from Sandy. Don't miss "Part II: How Anyone Can Afford a Warm Winter Retirement".
Sandy and Roger from Michigan have been living what a whole lot of retirees dream of doing. On and off for the past 8 years they've been out exploring dozens of active communities. Along the way they've honed their vision of the perfect community, and they are closer than ever to finding their ideal match from the ones they have visited. This article will share the icing of what they've learned ...
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Published on June 10, 2011
Comments 170
Category: Financial and taxes in retirement
June 7, 2011 -- Before you answer that question, consider this situation. Assume for a moment that you are age 65 and have two retirement choices. In the first scenario, you receive a conservatively managed portfolio generating either $4,000 per month until age 85, or $3,000 per month until age 100, with remaining balances going to your heirs if you pass away earlier. However, financial experts emphasize the importance of exploring diverse investment options to maximize retirement security — mehr Infos bei Bitcoinist — to better understand alternatives like annuities. In the second choice, you'd invest the same amount in an annuity providing $4,000 monthly income for as long as you live, without the possibility of leaving a remaining balance to heirs.
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Published on June 7, 2011
Comments 7
Category: General Retirement Issues
June 7, 2011 -- Feeling nervous about your retirement? You wouldn't be normal if you weren't. The good news is that if you take time now to start preparing, most of your anxiety will melt away as you realize your are indeed prepared for your well-deserved retirement.
This article, which was inspired by one in the Wall Street Journal, "Ready to Retire: 5 Year Countdown", assumes that you have been working for a few years and are at least in your forties. We've set up the countdown into various periods, with particular emphasis on your last 5 working years.
R Minus 20. With 20 or more years before retirement you are lucky to...
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Published on June 7, 2011
Comments 8
Category: Baby Boomer Retirement Issues
June 1, 2011 -- NPR is running a call-in show today asking listeners what TV show they would bring back if they were in charge of the universe. It's a contest anyone old enough to be a baby boomer might enjoy. Through the miracle of Netflix your editor just spent a few happy sessions on the exercise bike watching the 1st 3 shows in the "Have Gun Will Travel" series, which first aired in 1957. The show, as you probably remember, features Paladin, a gun for hire. One of the beauties of having lost so many brain cells...
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Published on June 1, 2011
Comments 25
Category: Retirement Real Estate
June 1, 2011 -- The U.S. real estate market took a severe pummeling after the long holiday weekend with the release of the latest housing figures. The widely watched S & P/Case-Shiller Index reported that national housing prices index fell 4.2% in 2011's first quarter, on top of a 3.6% decline in the 4th quarter of 2010. Prices across the country have hit new lows since the housing crash, and represent, according to economist Mark Zandi of Moody's Analytics on the PBS Newshour, the most "unprecedented"...
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Published on June 1, 2011
Comments 35
Category: Active adult communities
May 27, 2011 -- Millions of baby boomers, the oldest of whom turn 65 this year, have had their retirement plans turned upside down. They are waiting longer to retire, don't have as much money to live on as they thought, and are turning to different living options. This turmoil has had a profound effect on active adult communities, whose target audience are these baby boomers. To help you understand the top 2011 trends in active adult communities we asked Topretirements advertisers and members to answer several questions about this market. Their responses were amazingly insightful - we hope you agree!
Questions we asked
These were the questions we posed to our advertisers and members:
1. Home sizes and prices. The National Association of Home Builders (NAHB) reported recently that active adults are buying...
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Published on May 27, 2011
Comments 14
Category: General Retirement Issues
May 24, 2011 -- Not so long ago many institutions were bracing for a wave of baby boomer retirements that were going to leave them with a major talent shortfall. But up until 2011 the opposite has been true, we pesky boomers seem to have been delaying retirement, and in fact we have clogged up the talent path for newer job seekers.
Multiple reports in the press have detailed the "just say no to retirement" phenomenon. The reasons for it are well known - just about everyone's retirement fund took a hit a few years ago, while millions of boomers have neither...
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Published on May 24, 2011
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