March 21, 2018 — Note: This is an updated version of Part 1 of a 2 part series on international places to retire. Part 2 is “The Pros, Cons, and Considerations of an International Retirement“.
A few years ago our friend Dennis asked us where we thought the best place to retire was – internationally. The question took us by surprise, partly because it came from a man who has traveled the world extensively, and who also has a home in Costa Rica – wouldn’t Dennis have a better grip here than us? The question got us thinking.
Posted by Admin on March 20th, 2018
Best Retirement Towns and States
By Flo Williamson
Note: This is the 3rd in Flo’s series about retirement in the Lake Tahoe area. In this installment she concentrates on some surprising Nevada towns that make great places to retire, and are a less expensive alternative.
March 18, 2018 — In this article, we’ve got some good news – there are several Nevada towns close to Lake Tahoe where you can benefit from the Tahoe lifestyle without spending a small fortune.
One of the best, and less expensive alternatives is Reno, Nevada, “The Biggest Little City in the World”. I have to admit, that while I’ve flown in and out of Reno, dozens of times over numerous years, my main objective was getting to Lake Tahoe ASAP. I’ve spent little time in the town, but my research on the benefits for retirees in Reno proved to be a most pleasant surprise. Reno is VERY retiree friendly.
Reno is located about 30 miles from Lake Tahoe, over the Sierra Mountains by way of the Mt. Rose highway which starts in Incline Village. The Reno, Nevada climate is similar to a high desert. The winters are cold, with some snow, but it’s usually not nearly as cold or snowy as at (more…)
Posted by Admin on March 17th, 2018
Financial and taxes in retirement
March 14, 2018 — A crisis will affect Social Security just 16 short years from now, and it has some experts rethinking their strategies for when to start taking Social Security. Instead of urging people to wait until age 70, some are recommending beginning at age 66.
In 2034 the Social Security reserves are expected to be exhausted. With no reserves available, the only money available to pay benefits is what comes in from current worker and employer contributions into the program. Sadly, that won’t be enough; starting in 2034 there will only be enough coming in to pay 77% of scheduled benefits.
A new recommendation to think about
Mark Hulbert of Market Watch reported on the argument posed by Richard Band, editor of the Profitable Investing advisory service, in “Why it might be better to take Social Security at age 66 instead of 70“. To Band, the question of when to start taking the benefit hinges on your confidence in the federal government. The advisor, who is 66, facetiously wonders if anyone really (more…)
Posted by Admin on March 14th, 2018
March 5, 2018–
Lucy asked, “Did you pull my passport out of the safe?” That question sparked a sharp jab of worry, which quickly rose to a full scale panic. “Nope,” I replied, “you must have it.” Except she didn’t. We started searching her purse, her backpack, her suitcase. Then the same for me, checked the safe again and the money belt and the neck pouch. Nothing! By this point the (more…)
Posted by Admin on March 4th, 2018
February 24, 2018 — Everybody knows swimming is good for you, but who would have thought it might actually help reduce falls. Swimming, according to research from the National Institutes of Health, can also improve cognitive ability, lower blood pressure and enhance hand-eye coordination. Beyond swimming, there are a lot of other things you can do to reduce falls too.
NextAvenue.com reported on A 2014 University of Western Sydney study of 1,667 Australian men age 70 and older showed that swimmers had “significantly lower risks of falling,”. The research showed that participants who swam had 33% fewer falling incidents than those in the group that included runners and golfers. Researchers also (more…)
Posted by Admin on February 23rd, 2018
Best Retirement Towns and States
March 17, 2018 — The most frequent question we get asked at Topretirements is, “what is the best place (state or city) to retire”. Interestingly, the negative of that query, what is the the worst place for retirement, sparks even more (morbid) curiosity. Seems like our Members want to know where to avoid almost as much as they would like to know the best places to retire.
This article presents our 4th list of the worst states for retirement, which we have been publishing since 2008. But before we get to that list we have one important thing to stress – everyone’s retirement situation is different. A one-size-fits-all approach will not provide the right answer for you. Your geographic and climate preferences, the kind of activities you enjoy, where your friends and family live – all of (more…)
Posted by Admin on February 17th, 2018
Active adult communities
February 14, 2018 — The front edge of baby boomers turns 72 years old this year. By now many are well into retirement. Experts are curious – will this revolutionary generation stick to the patterns of their parents in retirement, or will they break new ground, just like they did in music, the arts, and lifestyles? We think the answer will be yes – to both questions.
Most things won’t change. Millions will move to 55+ and active adult communities in their 60s and 70s, searching for non-stop activities and a social setting where making friends fast is easy. The vast majority of boomers will be like their parents in that they won’t move anywhere – they will either stay where they live now as long as they (more…)
Posted by Admin on February 13th, 2018
Best Retirement Towns and States
February 3, 2018 — A lot of people would like to know which state is the best for retirement. There are many ways to answer that question, and in fact over the years we have tried several. Here are a few of the approaches we have used in the past (you can find links to each at bottom of page):
– Most popular state. The State Retirement guides at Topretirements that were read the most by our visitors and Members.
– Best state by factor. Taxes on retirees, low property taxes, cost of living, climate, variety of interesting places to live
– Lowest tax states. A big factor for many people
– Comparison of competitive “Best States” lists. We compared lists from Bankrate and Wallethub against each other and to where actual retirees moved (there was very little agreement!).
At the end of the day identifying the best state for retirement is a (more…)
Posted by Admin on February 2nd, 2018
Family and Retirement
January 30, 2018 — When you are planning your retirement there is one factor you might have overlooked – how your pet(s) fits into your plans. Retirement often means big changes in lifestyles that can affect our furry friends. For example many of us might want to move to an active community, where there might be restrictions on the breed, size, and number of pets we can own. We might be traveling more, either on long delayed bucket list trips or visiting grandchildren, and that means more periods when you need to find someone to care for Flossie.
According to the American Veterinary Medical Association 36% of American households own a dog and 30% have a cat. Surprisingly, cats outnumber dogs – 86 million to 76 million – because people tend to own more cats per household. Pet owning households are very passionate about their pets, usually viewing them as members of the family. This comment (more…)
Posted by Admin on January 29th, 2018
Baby Boomer Retirement Issues
January 26 — As a baby boomer we confess to a certain pride in belonging to the largest single age demographic group in world history. A tidal wave that crashed on the shore in 1946, we overflowed the hospitals we were born in. That continued through our childhood as new schools had to be built to accommodate our numbers. We were responsible for a revolution in music and other aspects of culture, and the Vietnam War was in many ways our defining period. The workplace changed dramatically during our working years. And even now we are redefining retirement.
Like it or not, it looks like the days of our numerical superiority is over. The Census Bureau reports that in 2015 millennials, those born between 1982 and 2000, total 83.1 Americans, almost 8 million more than there are baby boomers (born between 1946 and 1964). Millennials also outnumber members of Generation X (1965-1980), who total 65 million.
Note the generation born after 2000 does not yet have a name. To solve that problem Jonah Bromwich of the New York Times is asking for suggestions. If you have an idea, you can email him at email@example.com. Use the Subject heading: “Naming the Next Generation.”
So back to us baby boomers. Maybe we have had the stage long enough. Time to stop boring our children with how great it was back in the days of Woodstock and let the next generation(s) take over, whatever they end up being called. It was a great run though!
Comments: Anybody care to comment – please use the Comments section below.
PS – There was a great article about Topretirements today on MSN.com. The pictures of the towns we reviewed are spectacular. MSN.com – Best US Cities for Retirement
Posted by Admin on January 26th, 2018