Category Archives: Retirement Living

Three Steps for Staying Financially Afloat during Retirement

Most people spend decades saving and planning financially for their retirement years. While there is a lot of consideration that goes into ensuring that you will have enough money for retirement, far fewer people spend time while they are in retirement creating and following a financial plan that will ensure that they stay financially solvent while they are retired. For those that are looking to stay in good financial condition, there are three steps to follow to help to ensure that they stay afloat while they are in retirement.

Stay on Top of Bills

The first step to follow to ensure that you stay afloat financially after retiring is to stay on top of your bills and make all payments on time. Once people retire and start having a less rigid schedule, they are more likely to be late on payments or miss them altogether. This could lead to an accumulation of late fees and could even lead to the seizure of personal assets or foreclosure of property. To ensure that you stay current on your bills and required payments, you should set a reminder each month for when bills are due and payments should be made with a specialty check just for men, which provides you with a recorded reminder of payments that were made.

Limit Withdrawals

Another step to follow to ensure that you stay afloat after retirement is to limit your withdrawals from your 401k, IRA, or other retirement accounts. Most likely, these accounts will hold the vast majority of your retirement assets and will need to last a long period of time. In order to ensure that they last as long as possible, you should be sure to never withdraw more than four to five percent of the total balance in any calendar year.

Continue to Invest

The third step to follow is that you should continue to invest after retirement. While you should be more conservative with your investment approach, investing and earning a positive return on investment will increase your assets and ensure that your money lasts much longer than it would if it was just sitting in cash.

In conclusion, while many people spend decades planning for retirement, not nearly as many spend the time necessary developing and following a financial plan in retirement to ensure that they stay in good financial condition while they are retired. Those that are looking to stay in good financial condition while they are in retirement should follow three steps, which will help to ensure that they stay afloat even after they retire.

Four Tips for Finding the Perfect Home to Spend Retirement

You know you’re about ready to buy your retirement home but are probably wondering where to start. There’s plenty to consider like what kind of home or neighborhood you want and what features you can’t possibly live without. To answer these questions you will need to identify neighborhood characteristics that fit your personality, understand how your plans going forward should play into your choice of home, and create a dream list that describes and organizes your priorities.Four Tips for Finding the Perfect Home to Spend Retirement

Not everyone wants the same features in a neighborhood or home, and you’re the one who’s living there. Before allowing other people to tell you what’s best, consider your preferences and priorities regarding:

Character and Community

For some, well-planned developments will be pleasing because of their uniformity; others enjoy the variety of older, one-of-a-kind homes. You also may be someone who prefers to live in an established retirement community to take advantage of their tailored amenities. You must also consider the demographics of the area. Do you wish to live in an area with mostly other retired people, or around a bunch of families?


While most everyone prefers less crime, safety often comes with a trade-off. For example, a rural neighborhood might be safe, but a city’s resources and entertainment will be very far away.

Resources and Accessibility

Think about what you plan on doing during retirement and your favorite activities and places to visit. Do you plan on doing a lot of traveling or will you be spending most of your time at home? Do you want to live near family and close friends, or do you want to get as far away as possible? What about grocery stores, primary physicians, and major highways? How much time are you willing to spend traveling to those places?

Zoning and Other Restrictions

If you want the freedom to remodel your home, you must be in an area that allows that. On the other hand, if you appreciate community uniformity, live somewhere that limits the changes owners can make to their homes. This is especially important for those who bought a nice summer beach house during their younger years and plan on retiring there. You must be sure of what renovations and additions the laws permit you to make

One of the best ways to figure all of this out is to do some vacationing. This will give you a good sense of the neighborhood and type of home you’ll desire for retirement. Take notes while you’re vacationing about things you like, dislike, and wouldn’t be able to live without during retirement. But wherever your heart leads you, the experts such as those at Partners Trust can help you get there by finding you the best bargain.

Five Tips for Spending Your Retirement Abroad

Retiring abroad is a dream that many people have. Spending retirement exploring and relaxing in another country is a very attractive thought. The process of retiring abroad is not always simple. Several things need to be considered before moving. Five tips will help anyone who is planning to spend retirement abroad. Five Tips for Spending Your Retirement Abroad

Make Plans for Healthcare

The first tip is to make detailed plans for healthcare coverage abroad. Government healthcare programs will not usually provide coverage once a person retires overseas. Additionally, it could take years to become eligible for local coverage in certain countries. It will likely be necessary to shop for an insurer that will provide all the health coverage necessary in the new country at an affordable price.

Look For Expatriate Communities

Expatriates or expats are people who have decided to live in a country other than their country of origin. Anyone planning to retire to an unfamiliar area will want to seek out expat communities. Living in or near one of these communities can make adjusting to life abroad much easier. Expat communities often have access to familiar services or products that are not easy to find in the rest of the country. Living near expats also makes learning about the local language, customs and community simpler.

Plan To Buy a House

Many countries around the world have lax, confusing or non-existent laws regarding renters. Retiring comfortably abroad will mean planning to buy a house in the country. Buying a house provides stability and many protections that are not present for renters. According to the experts at Leverage Real Estate, owning a home abroad also allows retirees to buy new investment properties or take out loans to make life more comfortable. Buying a home abroad can be a very good investment opportunity if the city and neighborhood are chosen carefully.

Know the Visa Requirements

Retiring abroad is not as simple as saving and buying a home in the new country. Individual countries have very different rules regarding visas for foreigners. A number of countries have clear paths that will result in a permanent full-time resident visa. Other countries have far more restrictive laws and never issue permanent visas. It is important to understand whether it is possible get a permanent visa in a country before making retirement plans.

Understand the Region Very Well

People who have been living in one place for their entire lives are often shocked at the differences in other countries. Retirees should do extensive research about the destination country and the surrounding region. It is important to understand the culture, the language and the politics. Retirees should avoid moving to countries in unstable regions or countries that are culturally adverse to outsiders.


Retirement Communities in Boca Raton

A Down Payment on Your Parents’ Future

My father is incredibly important to me. He’s been a valuable part of my life at every stage – from childhood to adulthood. So, after my father went into the hospital this last time, we both realized that it was only going to be a matter of time before he couldn’t live on his own anymore. My mother passed away a few years ago, and my dad always said that he didn’t want to move in with my wife and I and put extra pressure on us. We talked about our options, and we all agreed that a senior living community that would still allow him to be active and involved was the best way to go.  Even though we had concerns that he would not totally be on board with this idea, we all knew deep down that this was the right thing to do, not only for dad but also for us.  We were concerned for his safety and we only wanted what was best for him.

Fouquier ॐ / / CC BY-NC

We visited several senior living communities in Boca Raton, but when we heard about Sinai Residences, we knew that it was the one for us. Opening in 2015, it’s shaping up to be a world-class community, and since we enrolled early as Charter Club members, we got early bird prices that are unbeatable. Plus, the timing works out perfectly. Dad is still pretty independent for the time being, but the doctors say that in a couple of years he’ll definitely need some on-site assistance.  We were not looking for your stereotypical nursing home.  Dad wasn’t going to be in bed all day, and he wanted to be able to socialize with people his own age in a comfortable environment.  Even though we knew the day was quickly approaching that he would need more assistance, we wanted him to enjoy the final years of his life and not be locked up in a lonely home all by himself.

One of the things that I liked best about this senior living facility is that they offer personalized attention at all different levels of care. At first, I know that my dad will just need a little help here and there, but as time goes on he’ll need different levels of care, and different services, and with this facility offering them all in one location, I know that he won’t have to uproot himself and head to some other community or housing at a later date. I sleep a little better, knowing that he’ll have a home that he can stay at for as long as he needs, and where he’ll get the best care possible, all tailored personally to him.  In the past, we’ve had family members that have started living at one facility only to be moved to more of a nursing home environment as their health declined.  We made it a point to find a senior care facility that could change with his needs, and allow him to stay there as long as he needed.

Their Assisted Living Center is in a beautiful residential setting, and has private and spacious apartments available that can be furnished to his tastes. Plus, their team will work specifically with my father’s needs, rather than trying to pigeonhole him into some pre-arranged plan. And they keep my wife and I in the loop, with regularly scheduled meetings with him and us to help ensure that we’re all on the same page. They’ve even got Memory Care Assisted Living Residences that are designed to complement and enhance cognitive abilities.  The more we learned about the different programs available to us, the more we liked what we were hearing.  This seemed to be a place dad could not only safely live but also thrive and enjoy life.

They also offer all the usual amenities that we’ve come to expect, in a resort-style community on 22-acres of lushly landscaped grounds, which my dad really appreciates. But I think what we both appreciate most is the peace of mind and security that we feel, knowing that we’ve put a down payment on his future by reserving him an address at quality facility that he liked today.  Placing your loved one in other people’s hands is a decision we did not take lightly.  We wanted to feel comfortable with our decision, but mostly importantly we wanted dad to agree with us and support the move.

The author of this article, a writer living in Fort Lauderdale, showed his aging father the Sinai Residences of Boca Raton retirement community because of their personalized attention, on-site assistance, and their private and spacious apartments.

How to Organize Your Finances after Retirement

After retirement, most people find themselves on a tight budget. They no longer have a strong income and must rely on whatever they have earned through their 401k plan or have saved up over the years. This can make it difficult to organize your finances so that you can pay for everything that you need. Here are some ideas to help you get started.How to Organize Your Finances After Retirement

Figure Out Your Budget

You need to figure out your budget so that you can know exactly how much you will have to spend over the years. Most people figure out how much they have, figuring that they will live up to 90 years old. This is a good number to adjust to. Break down your savings into years, and then further break it down into months to figure out how much you have available to you. If you have social security or other forms of monthly income still, don’t forget to add those in.

Add Up Your Bills

You should always start by figuring out how much your bills are going to cost you. These are necessities that you can’t really avoid. You can, however, attempt to reduce these. If possible, see where you can cut costs so that you aren’t spending so much each month if you are running into financial trouble. For example, someone who never watches television could cut off that bill and save quite a bit of money each month.

Find Old Money

Almost everyone has security deposits and other forms of payments that were meant to be returned to them, but they never picked them up. Some people literally have thousands of dollars sitting around at old apartments and in areas that they have lived in. Collect this money to add a bit extra to your savings, otherwise it will just go to the government after you become deceased anyways.

Credit Report

You should ensure that your credit score remains in good standing. This will allow you to get a loan if needed or move somewhere that requires credit checks. You can learn more about this at .

Create a Will

Most people should have a will once they are past the age of 60. You need to decide where all your wealth will be sent after you pass away. Most people will choose to send it off to relatives or close friends, or maybe even a spouse that has outlived them. If you don’t, the government is able to just collect this money and it doesn’t get spread to the people that you care about. Take a short amount of time to get this done, it’s worth it.