Category: Financial and taxes in retirement
March 22, 2011 -- You are about to retire, but perhaps you didn't quite pay off the mortgage on your home before you got your gold watch (remember those days!). That might put you in a quandary - you have the money in your retirement account that could pay it off, and you know that CDs and T-bills are not going produce anywhere near the interest rate you are paying to the bank - even if you did refinance recently. And in addition, your income has dropped so that home mortgage deduction doesn't have the same effect as in your higher income days. So what to do?.....
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Published on March 22, 2011
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Category: Best Retirement Towns and States
Note: This is Part 1 of our "College Town Retirement" series, which has 4 different installments. See end of article for links to the rest.
Updated June, 2019 -- When a reporter asked for our opinion about college town retirements we thought, what a great idea. Her questions concerned the pros and cons, reasons why retire there, best towns, etc. This article will help you try to assess if a college town retirement makes sense for you, as well as provide some recommendations and resources for finding the right college town.
Advantages
- Return to the scene of your youth. Most people who went to college have very warm feelings about the town where they came of age. Particularly if they have kept up some contact over the years, there is a strong pull back to that locale.
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Published on March 21, 2011
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Category: Active adult communities
Note: This is an updated version of a 2008 article from our Tips and Picks section.
In our experience most baby boomers have an opinion about active adult or 55+ communities - they are either for 'em or agin 'em - but less frequently neutral. We recommend that you suspend your opinions for a few moments, then form them again after reading this. Just maybe, you might change your mind one way or another. To try to be realistic and objective, we have used actual people’s words from various Retirement community Discussion Forums (See links to other Forums at end of article)....
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Published on March 18, 2011
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Category: General Retirement Issues
March 14, 2011 -- If you are like most Topretirements members, you are a baby boomer or just slightly ahead of that demographic. Chances are you are either about to retire or have just done so. During one of our workshops on creative ways to enjoy retirement, several participants shared their enthusiasm for unique hobbies and activities, including exploring sweeps casinos as a low-risk way to engage in gaming while enjoying a social pastime. This article can serve as your Retirement 101 crash course – start off by reading our 26 best -- and worst -- ideas for you as a newly retired person.
But FirstThe most important thing for the newly retired person to realize is that retirement is going to be very different from what you are doing now. To make the best of it you....
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Published on March 14, 2011
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Category: Financial and taxes in retirement
March 7, 2011 -- Earlier this week we received this comment from a member: "I'm planning on retiring in 6 months and my wife is getting worried about having enough money in retirement. I have a good retirement plan, our home is paid off, and we are debt free. My wife also has retirement income. Any ideas on calming some of her fears?"
This question seems so pertinent to what so many baby boomers are going through right now. We can speak from experience here; the shock that comes from retiring and realizing that we are not going to be getting a paycheck anymore is very real. We can't count on raises or a promotion to fund an ever-expanding lifestyle. Saving money
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Published on March 7, 2011
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Category: General Retirement Issues
March 1, 2011 -- We've received so many good retirement links recently that we just don't have room for them in our weekly newsletter. So rather than let them go to waste, we've included them all in this Blog roundup. Hope you find them useful.
Universal Design Video - Every baby boomer should be thinking about universal design, which is simply the idea of designing products and homes so that can be used by anyone, no matter what their physical condition. Think door handles instead of knobs, so you can open that door when carrying in the groceries. WSJ MarketWatch has a nice video on Universal Design - don't miss it.
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U.S. News Top 10 Bargain Spots - U.S. News Money has reported on 10 towns where housing prices have been falling the most. While that not be the most perfect selection device, these are very nice towns and cities where...
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Published on February 28, 2011
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Category: Best Retirement Towns and States
February 28, 2011 -- We'll confess, one of the things we are most curious about is the answer to this question - where do our Topretirements members move to when they finally reach their decision? Our hope is that by the time they have read our newsletter articles, studied the reviews of the many towns and active communities on the site, visited their top candidates - they ultimately make what turns out to be a happy decision. Note: We reported on this same subject with earlier member responses in 2010.
We don't have perfect knowledge of what actually happens when a member moves, because we only hear from a tiny fraction of our membership base. Surprisingly, a lot of people email to tell us they have made a decision - but for one reason or another they don't
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Published on February 27, 2011
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Category: Active adult communities
Note: Since this article was written we have added "Part 2: On the Lake, Where Living (in Retirement) Is Easy", with 10 more great lake towns for retirement.
February 25, 2011 -- Who wouldn't want to retire beside a lake? Just thinking about the sound of lapping waves or a distant motor boat, or of a cool breeze carrying the scent of the water, is enough to make our mind jump to pleasant scenes from "On Golden Pond". Combine that peaceful idyll with the idea of a low-maintenance community with non-stop activities, and we're ready to go!
Not every lake has active communities near or on it. But there are many that do. This article will give a brief sample of lake towns that have active communities on or near them. We'll also give details on how to find more. There are 65 towns in the Topretirements database that are identified as...
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Published on February 25, 2011
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Category: Best Retirement Towns and States
Note: This was our 2011 List. Here is the link to our 2016 List of 100 Best Places to Retire
February 22, 2011 – The Sunbelt continues to dominate when it comes to the places that baby boomers are considering for retirement. Topretirements.com has just published its 5th annual list of the 100 most popular places to retire on its site, and this year the trend toward the Sunbelt continues even stronger -- 77 of the 100 top positions were held by towns in the Sunbelt. Florida dominated the list, taking 26 of the spots (it held 23 in 2010), followed by North Carolina (11) and South Carolina and Arizona (7 each). Note: We will be updating this article for 2012 in late January, 2012. To make sure you don’t miss our new list, sign up for our free weekly “Best Places to Retire” newsletter. See also "The Worst States for Retirement - 2012".
The Top 10As has been the case since Topretirements published its first list in 2007, Asheville, NC was the #1 town on the list, receiving almost 20 times as many page visits as Cuenca (Ecuador), which squeezed onto the list in the #100 position (and is one of 2 non-USA towns on the list). Incorporating resources such as the Yabanc? bahis siteleri 2024 listes has enhanced Asheville’s appeal by providing retirees with access to diverse online entertainment and gambling options, catering to their varied interests. Asheville's mountains, gentle four-season climate, and recreational/cultural opportunities provide the standard that all other retirement towns can aspire to. Sarasota (FL) and Prescott (AZ) continued as the #2 and #3 most popular towns. Fort Myers (FL) moved up to the 4th position, and Venice (FL) cracked the top 10 list in 2010. Austin (TX) moved up from
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Published on February 22, 2011
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Category: Best Retirement Towns and States
By Brendan CruickshankEditor's Note: Thanks to Brendan for this very helpful article. We asked him what he meant by using the word "restless". Here is what he said: "The reason I chose 'restless' is because I find it ironic how many people retire only to realize it wasn't really retirement they had been seeking their entire life. Rather it was the chance to do what they love......and many find that by continuing to work!"
Retirement is like the weather...it keeps changing all the time. Many years ago, the word evoked an image of an elderly person lying in a hammock all day sipping lemonade. But today's retiree is by and large a completely different animal. To an increasing extent, folks today are retiring from their primary jobs only to turn right around and seek some form of full or part-time employment elsewhere. In a recent workshop on financial strategies for retirees, one participant shared their success with platforms like a bitcoin casino instant withdrawal, which allowed them to enjoy gaming responsibly while accessing their winnings quickly to supplement their income. For some, it’s out of necessity, but many others find they are still active and vibrant in their "retirement" years and get restless. They discover that by mixing in some work along with their play, they can achieve the ideal balance to their daily routines.
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Published on February 15, 2011
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