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Try It NOWCategory: Active adult communities
July 21, 2021 – So you managed to get lucky. It looks like you might win the bidding to buy that condo, or a home in an active adult community. But before you submit the winning offer and break out the champagne, here are 4 things you need to do…
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Category: Best Retirement Towns and States
July 18, 2021 -- Some people thinking about retiring to Florida might worry that they won't be able to afford it there. But the good news is that the Sunshine State is so big and has so many regions that it has plenty of less expensive places to retire. Central Florida is one of the most affordable regions within the State, where home prices are often well below Zillow's national Home Value Index of $293,349 and Florida's Index of $297,390. Home to hundreds of thousands of retirees, the area is known for its many lakes and lakeside living. The area is filled with active adult communities, many of which are quite inexpensive.
In this article we will highlight several cities and towns in Central Florida where home prices are below Zillow's Florida Home Value Index. We will include a few more towns that are at or slightly higher, because they are exceptionally nice places to retire. Unless otherwise noted, home prices are from Zillow. See map below:
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Category: Active adult communities
Note: We are once again grateful to Joe West of the Community Associations Network, LLC, for helping us research this topic.
July 10, 2021 -- The collapse of Champlain Towers South near Miami, built in 1981, has made owners and buyers nervous. The dream of living near the ocean has been interrupted by the fear that some buildings might not be safe, and that owners' investments could be in danger. It also highlights the problems that condo, community, and home owners associations (HOAs) face all around the country. Some 70% of homes and condos in Miami were built prior to 1970 - more than 50 years ago. Since then they have been exposed to all kinds of problems like those at Surfside - salt air and salt water incursions, rising water tables, aging concrete, and older building codes. The problems are worse along the coasts, but, like us baby boomers, even buildings far inland are not exempt from the vicissitudes of age. And who are the people who are going to have to deal with these expensive, highly technical problems - you and your condo board!
The causes of the Surfside collapse and the actions of its condo board members have been a staple of discussion in the news. The problems with the building were well known for a long time. After great struggles and almost a complete turnover of its board members, a $15 million plan was approved to correct water incursion and corrosion issues in the 167 unit building, although work had not started on it. Board members and residents fought over the expensive plan, which was going to represent a hardship for many owners. Some experts believe even those repairs might have too late, and still not have prevented the building's collapse.
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Category: Health and Wellness Issues
July 7, 2021 — Not so long ago the two most common types of supplemental medical insurance for retirees were employer sponsored plans and Medigap insurance. Medical insurance for retirees is increasingly rare, with very large corporations and governments about the only employers providing it. Medigap plans, which cover additional…
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Category: Retirement Real Estate
July 3, 2021 — Existing home prices hit a record high in May at a median of $350,000, according to the National Association of Realtors (NAR). A shortage of inventory and building materials, low interest rates, flush and frustrated buyers, and pent-up demand are some of the reasons why. Everyone…
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Category: Financial and taxes in retirement
June 29, 2021 — We baby boomers are constantly being warned that scammers are ready to take our last nickel, if we let down our guard for just one careless moment. An interesting pair of articles in the New York Times showed how that can happen to seniors, and surprisingly,…
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Category: Best Retirement Towns and States
June 26, 2021 -- Getting around on a bicycle is becoming more and more popular. People use their bikes to get to work, for exercise, or just for fun. Biking is inexpensive transportation, gets you outside, parking is a cinch, and it's a healthy activity. The growing popularity of electric bikes, with the extra help they provide on long rides and hills, has helped to get even more people into cycling. So, just as they do for every popular activity, publications are coming out with lists of the cities and towns that are "best for biking". We will highlight some of their choices here.
But first, what makes for a great biking town? The website Lawnstarter used a long list of considerations to score and rank the largest 200 U.S. cities on biking. Their multiple rating criteria fell into five categories: climate, bike lanes and routes, bike shops and bike share programs, safety, and community support. Safety features like bike lanes separated from car traffic and dedicated crossings were among the most important considerations, since biking isn't fun and can be dangerous if speeding cars get too close. Icy cold winter weather, steamy hot summers, and car traffic were negative factors used in the ratings. PeopleforBikes.com rated even more towns, including smaller ones, to find out which are the best for biking. It used similar criteria to rate the towns it considered, such as the number of bike lanes and trails, ability to use multiple routes to get to the same place, bike parking, number of bike shops, safety, and slow speeds for cars. See video below from PeopleforBikes on what makes a best biking city. When you are checking out places to retire, don't forget to keep your eyes open to what it would be like if you wanted to get around there on two wheels.
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Category: Best Retirement Towns and States
June 20, 2021 — Virginia’s recent Comment to our “25 Most Popular Active Communities in the Southeast” article really got things going. Many folks jumped in to help answer her question, which asked what people thought about retiring in Maryland. Since hers generated so many other Comments (and Maryland is…
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Category: Best Retirement Towns and States
June 19, 2021 — If you are a retiree looking for a place to retire that offers superior outdoor recreational opportunities – you are in luck! There are countless towns in this country where mountains, lakes, rivers, or trails are just outside your door. In addition to traditional activities like…
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Category: International Retirement
June 15, 2021 -- Where do people go when they choose an international retirement? Different sources have different answers for the best places to retire abroad. The 2021 Expat Insider Survey named Taiwan, Mexico, and Costa Rica as the best 3 places for American expatriates of all ages. A study looking at Americans who receive Social Security benefits put Canada, Japan, and Mexico at the top of their list, while Investopedia rated Panama, Costa Rica, and Mexico as the best 3 countries for American expat retirees. Other countries making frequent appearances on this type of lists are Thailand, Portugal, Spain, Vietnam, Ecuador, Canada, Australia, New Zealand, and France. But in truth, people go all over the globe in pursuit of a happy retirement, and for a variety of reasons.
Some of the factors to consider when choosing a country for an expat retirement are:
Political stability
How easy is it to buy or rent property
Healthcare and entertainment
Visa and residency requirements
Cost of living
Will you fit in
Development and infrastructure
Climate
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