March 15, 2019

Gearing Up for Retirement? 4 Questions to Consider Before Beginning Your Journey

Filed under: Financial Planning,Retirement — Tags: — seniorlivingguide @ 9:50 am

Retirement Questions

Courtesy of Lizzie Weakley

Retirement is the opportunity to enjoy more free time than just about any point in one’s adult life. However, it is not a decision to take lightly. In order to become properly prepared for this major life transition, you should consider a few things. Below are four important questions that should be addressed before beginning a journey into retirement.

Am I Financially Prepared for Retirement?

One of the biggest concerns, of any retiree, is outliving their retirement funds. It is important to consider how long a retirement fund should last. Factors that should be considered are the already existing money saved up and the income generated from Social Security payments, pensions, dividend payments, and disability payments. It is also important to consider that one may live longer than expected. By preparing for a retirement that can last multiple decades, financial concerns will be left at a minimum.

How Do I Plan to Spend My Day in Retirement?

Retirement can be more than just sitting on the sofa watching TV, surfing the internet, or reading the morning newspaper. This phase of life is the opportunity to try new hobbies, create new social relations, or pursue new opportunities. Retirement is also a time to concentrate on becoming physically active. It is a good idea to have a way to structure one’s day to ensure that retirement is both productive and rewarding.

Should I Continue to Work Part-Time or Consult During Retirement?

While retirement is a time to escape the daily grind of work, one should consider if working part-time or consulting is in their best interest. A long career, in one field, can make one eminently qualified for highly part consulting or part-time work. And this added income can make retirement more comfortable and exciting.

Should I Move?

Many retirees prefer to sell their current home and move to a place more conducive to a retirement lifestyle. That can include moving to a beachfront condo, adult active community, or even seek something unique such as seeking out luxury mountain homes for sale. Retirement should be an opportunity to move to a fun, exciting, and desirable location.

Retirement should be a time to further develop yourself and explore your passions. And having a blueprint for a productive, protected, and active retirement will play a major role in the quality of this phase of life. Use the above questions to help make this unique phase of life both fruitful and rewarding.

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February 5, 2019

Bored with Retirement? 4 Ways to Make Your Golden Years Grand

Filed under: Boomer,Downsizing,Retirement Planning,Seniors — Tags: , — seniorlivingguide @ 11:48 am

Courtesy of Lizzie Weakley

Every year marks a fundamental life change for tens of thousands of people in the United States: the transition from work to retirement. Many people look forward to the moment when they can step away from their job, but some also experience strong feelings of uncertainty about their newfound lack of direction. Whether you are about to retire or already have been for years, there are a few simple ways that help you get the most out of the experience. retirement

Try New Things

It’s easy for adults to fall back on the familiar and stick to old habits, especially immediately following retirement. However, forcing yourself to explore new things can open up opportunities and make the golden years a lot more colorful. Taking art lessons, learning to cook new foods, and meeting new people are just a few ways to bring a breath of fresh air into daily life.

Mobile Living and Travel Lifestyle

Mobile and RV lifestyle isn’t a good fit for everyone, but modern vehicles often sport a number of amenities and conveniences that rival any home. Motor and mobile homes can make travel much more affordable and provides greater control over schedule, pacing, and itinerary. Many state and national parks have dedicated space for people using living vehicles, so there are plenty of interesting sites that accommodate this lifestyle.

Consider Moving to a New House

Many people working towards retirement look forward to spending more time with their family members. Checking out homes for sale near close friends and family can create an opportunity to downsize to a more efficient house and cut down on travel time. Other retirees take advantage of their freedom to find a home in an area that has a better climate, more active community, or other desirable features. Moving shouldn’t be a snap decision, but there can be lot of long-term benefits for those willing to consider a big life change.

Stay Active and Involved

Many older adults find themselves lacking stimulation or excitement in their daily life, which can eventually lead to depression or social withdrawal. There are dozens of different ways for retirees to stay active and involved with people in their community. Retirees with specialized skills can also consider getting a part-time job or consulting on as-needed basis to maintain their professional skills.

People have varying opinions and perspectives about the prospect of retirement, ranging from excitement to dread. However, these years can be among the richest and most rewarding of your entire life if you are willing to take a step into the unknown.

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September 28, 2018

Declutter Now! No Time Like the Present!

Filed under: Downsizing,Retirement Planning,Seniors — Tags: , , , — seniorlivingguide @ 10:06 am

By: Darleen Mahoney

You have a lot of stuff that you have collected over the years! You have a lifetime of beautiful memories and well, just stuff! You have artwork that you saved from your children and grandchildren, collectibles when collectibles were a fad, clothes that are out of style, paperwork that is no longer relevant. You may even have furniture and old holiday decorations in the basement or attic that just need to find new homes.

Decluttering your home of all these things as an active Senior is a labor of love for your family. It will also make it much easier for you to sell your home and make your next move.

seniors decluttering Leaving the cleaning out and decluttering of your home to your loved ones can be an overwhelming task for them. It is an emotional journey and physical labor of love that adult children and family members endure on their own. They may not know the family history of what is important in your home and can cause family friction. If you declutter your home now, you can share in the memories and find common ground in your cherished family keepsakes.

Whether you hope to live out your days in your current home, retire to a smaller home, retirement community, or the possibility of a continuing care retirement community. The reality is eventually your home will likely need to be sold. Decluttering of the past to move toward the future is a gift that you not only give your loved ones, but yourself.

Studies have shown that clutter causes anxiety, depression, stress, and general feeling of being overwhelmed. Cleaning and decluttering can be a stress-reliever.

There are also tax benefits to decluttering. If you donate your unwanted items to a charitable organization, you may be eligible for a tax write-off. You can also get very creative in donating or re-selling vintage items to re-sell shops or donating to schools looking for theatre production costumes.

Does all of this sound daunting? It doesn’t have to be! Get organized and make a plan!

  • Set aside a weekend or specific timeframe
  • Make sure you have supplies: garbage bags, boxes, cleaning products
  • Start with one room, then have a plan to go room by room
  • Go through everything in that room: Label: Keep, Donate, Trash
    • Old Documents, you may want to shred
  • Ask your family members to join you
    • Keep what is important- not to suggest you throw out priceless mementos, most people find out they do not miss “things” that they get rid of after a clean out. Items that do not serve a purpose or cannot be shared with other family members should find new homes.

While the process of decluttering is giving away, throwing away, and passing along to your loved ones is a process that has an element of an emotional journey with things that tie you of your past. Your memories and family legacies are your true history.

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August 3, 2018

You’ve Retired! How Do You Decide Which State to Retire?

Filed under: Retirement,Retirement Planning — Tags: , , — seniorlivingguide @ 11:03 am

By: Darleen Mahoney

You’ve retired! Congratulations! You are looking forward to your future as you have How Do You Decide Which State to Retire?planned for this day for a long time. Are you thinking about retiring where you’ve vacationed with your family for years, staying close to home or taking a leap of faith and moving? If you are thinking about moving away from the comforts of your home state, are you considering a very practical approach and doing a little research?

What are your criteria for deciding which state to retire to? Do you look at how each state ranks?

  • Socially-Do the people seem to have meaningful friendships?
  • Financially-What is the cost of living, tax rates, etc.
  • Community- Do you think you will love the community where you live?
  • Physically – Overall good health in the community with exceptional health care

According to a new Bankrate study, South Dakota ranks as numero uno as the best state to retire. Followed by Utah, Idaho, New Hampshire, and Florida. The studies ranking, and percentages were based on:

  • Cost of living (20%)
  • Crime (10%)
  • Culture (10%)
  • Health care quality (15%)
  • Taxes (20%)
  • Weather (15%)
  • Wellbeing (10%)

While there are many listicles providing different results, Business Insider sited Florida as the best retirement state while Money Magazine sited New Hampshire. A few criteria used to determine these front runners are affordability, quality of life, and healthcare.

Money also releases a list based on cities to retire in the U.S. basing its rankings on local taxes. The list provides details on demographics over the age of 55, median home price, average tax rate, and top income tax rate.

While we tout a few of the front runners in retirement meccas, its only fair to mention those that fall vastly short. Alaska and New York are mentioned in several listicles as the least desirable. Alaska has severe weather, high crime, and a low percentage of Seniors.

To many, Florida is where many retirees flock and it may be top of mind as there are so many options in retirement communities. The Sunshine State has the highest percentage of 65 years and older out of any other state.

If you’re looking for a retirement lifestyle where life expectancy is significantly longer than most states, Hawaii may be your ticket! The downside to this state is that the cost of living is one of the highest in the nation.

When it comes to deciding on a retirement destination and looking at all the options and listicles, it can be very confusing. These options and rankings are based on different criteria. What’s important to you? We know that with most retirees that the weather, topography, friends, and family are what gets them excited about your new destination. So, looking through these different listicles and how they based their ranking should also be what’s important to you. Once you decide on this next phase of your life and where you want to move, visit us online at www.SeniorLivingGuide.com  , we can help find your next home!

best and worst states for retirement

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July 27, 2018

Making Lifelong Friendships in Retirement

Filed under: Seniors Health — Tags: , , — seniorlivingguide @ 9:54 am

By: Darleen Mahoney

Its happening, you are making the move from your family home and familiar neighborhood and friends to a retirement community, either active or assisted living. You have worked very hard to make sure that you are making wise decisions and you Making lifelong friendships in retirementknow what you want or need in the place you will be moving. You know that one of the main ingredients that you need for yourself is to continue to be as active and social as possible.  You know that you need to make new friends in your new living environment, as this is important to you. The good news is that it’s very possible.

For older adults, new environments and living spaces, new routines and new faces can be reason enough to become isolated from people and things that they enjoy, become lonely and feel depressed.

It’s important to acknowledge this as a possibility before making the move.  Planning ahead to make an effort to meet and interact with the other residents is important prior to the move. Look at the calendar of events and outings.  Go ahead and sign up for activities and clubs. Keep your commitments!

There are also other ways to meet new friends daily that share the same common interests. Check out the following:

  • Hobby focused groups
  • Book Clubs
  • Watch TV with groups vs. privately
  • Run errands with groups-Ex: grocery store
  • Support Groups-Ex: emotional, medical

If your community offers welcoming events for new residents, attend the event! Each new resident needs the same love and support that you did when you first arrived. If you don’t feel that you had a welcoming environment, be the one that makes the change! You never know who you are going to meet. You don’t want to miss out!

Be informed of what resources that you have at your disposal and take advantage of them. If you have a special interest and its not available, find out if you can start a new group.

If you feel like you are taking these steps on your own and you’re still struggling to make friends, confide in a caregiver to see if they can provide a solution. If you prefer, confide in a family member or someone that you feel comfortable talking about your struggle seeking their advice.

Actively taking steps to make new friends can be exhilarating and stressful at the same time. Maintaining healthy friendships in retirement is good for your mental and emotional health. It can help with anxiety, depression, and loneliness. Be happy and find your new found lifelong friendships in retirement!

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