Category Archives: Retirement Guides

Is a Second Home Part Of Your Retirement Plan?

Purchasing a second home isn’t just for wealthy real estate moguls – in fact for many baby boomers and retirees, acquiring another mortgage has become a sensible option not just for themselves, but also their families. According to the National Association of Realtors Generational Trends Report, 50+ buyers are more likely to invest in a multi-generational home or an additional property, hence the ever popular mother-in-law suite. Not only are Boomers emerging as our fastest growing demographic, they’re also coming out on top as the most financially secure generation in the U.S, and the driving force behind today’s housing market.

When a Second Home Is a Family Affair
As active adults take on the responsibility of caring for aging parents, investing in a home to accommodate their growing needs whether in an assisted living community or the house next door makes sense from a practical standpoint as an ideal alternative to traditional senior living facilities. Alternatively, empty nesters are also finding themselves supporting their adult children, sometimes referred to as the “boomerang generation”. Despite having left the nest to pursue college or a new career, many millennials are landing knee deep in debt, and either moving back with their parents or relying on them for housing assistance. Multi-generational homes are on the rise as a way to bring families under the same roof, provide them with separate living quarters, and help ease the financial burden for everyone involved.

Moving to an Active Adult Community

Moving to an Active Adult Community: How to Navigate the Downsizing Process

Making the transition into an active adult community is a wonderful opportunity for a fresh start during those glorious Golden Years. However, moving out of an existing home and into a brand new space may seem daunting. Fortunately, navigating the downsizing process isn’t as challenging as some make it out to be. Here are some tips for streamlining the downsizing process and finding the perfect active senior community.

Beginning the Downsizing Process

Starting the downsizing process as soon as possible gives seniors more time to make those tough choices about what stays and what goes. This process is often underestimated and can take longer than one might think. With this in mind here are some ways to de-clutter and ease moving stress.

Venice, Florida: The Gulf City With Old World Charm

Enveloped by balmy Mexican Gulf breezes, this Southwest Florida oasis combines Mediterranean ambiance with an island getaway to Bermuda. Voted one of the top cities to retire by Forbes, Venice is a pedestrian-friendly, warm weather paradise where everything from shopping the farmers market to surfing can be enjoyed all year long. Home to more than a dozen active adult communities including Island Walk at West Village, and Plantation Golf and Country Club, Venice offers retirees and empty nesters a wide range of beautiful homes, and an all-inclusive lifestyle that snowbirds will want to stick around for.

Located in Sarasota County about an hour south of Tampa, this “City on the Gulf” stretches along miles of pristine coastline, so whether or not a home has a waterfront view, glittering waves are just minutes from just about anywhere. With 30 miles of bike trails, public tennis courts, and beautiful parks including Centennial Park, and the Venetian Waterway Park which runs along the Intracoastal Waterway, it’s no wonder the majority of Venice’s sunblock toting fitness gurus are 55 or better. Thanks to temperatures that rarely dip below 70 degrees, Golf is played 365 days a year at some of the area’s top-rated courses also featured by Golf Advisor, from the Venetian Golf and River Club to the Lake Venice Public Golf Club.

Now Taking Reservations: The Ridge at Paradise Valley Estates

If you thought life after 50 couldn’t get any better, 60+ living is about to get even sweeter. Located in Fairfield, California, The Ridge will be the newest addition to the master-planned community of Paradise Valley Estates. This unique neighborhood is designed to take active adults 60 and bolder through every phase of life, by offering an all-inclusive lifestyle from on-site healthcare, and dining, to an exciting array of social clubs, classes, and fitness amenities. Construction of this eight-acre community is expected to commence fall of this year for its 2020 grand opening, but it’s never too soon to start planning your next chapter. The Ridge is currently in the pre-selling stages, so now is the time to reserve your own Paradise Valley retreat.

The Ridge at Paradise Valley will include 70 maintenance free cottage homes, and villa apartments ranging from 1-2 bedrooms, and 2-2.5 baths. Cottage homes are a timeless style with a casual, intimate feel, making them a popular choice for buyers wanting that cozy factor, along with an efficient, spacious floor-plan, whereas for someone looking to downsize or purchase a vacation home, apartments offer the worry-free security of a multi-unit dwelling. Whichever style of abode prospective buyers choose, both will feature the latest contemporary finishes including stainless appliances, and high-quality countertops.

skyline of Providence, Rhode Island

What You’ll Love About Rhode Island’s Smartest City

At 37 miles wide, and about 48 miles long, you could easily spend a day exploring the entire state and be home in time for dinner. From the outside, it seems like Rhode Island would fit on a postage stamp, but with all of its New England allure, gorgeous beaches, and collegiate brain power, the only way to experience the bigger picture is to see it from the inside. Home to an Ivy League crowd and incredible waterfront views, the capital city of Providence boasts more history, recreation, and entertainment than most cities twice its size.

Established in 1636, Providence is one of America’s oldest cities and filled with historic buildings and landmarks from the iconic grounds of Brown University to the colonial mansions of Benefits Street. Combining intellectual aptitude with classic New England beauty, this college town has a “cool” youthful vibe that perfectly compliments its centuries-old history and the stately architecture that surrounds it. Located 45 minutes from Boston, Providence is an intimate, and inviting city who’s 20.5 square mile stature gives visitors easy access to must-see destinations like the picturesque city of Newport, and is just an hour from the most beautiful beaches on the East Coast.

Home On the Great Plains

“Home is where your heart is,” and as many would agree, the place that defines home is in America’s Heartland. Over the years, Nebraska’s capital city of Lincoln has seen an extraordinary amount of economic growth, and urban development but what folks love most about this town, is no matter how many corporate giants set up shop, it’s never strayed from being an approachable, mid-west town that tugs at the heartstrings. With its vast open skies, and rolling farmland, Lincoln tends to take a backseat to powerhouse retirement havens like California, and Florida, but what it lacks in coastal glamour, it makes up for in rich heritage, a highly educated population, and also happens to be a Forbes best cities to retire contender.

Home to the University of Nebraska — where Husker pride runs deep, and the historic State Capitol building, Lincoln is also known for an affordable real estate. According to Realtor.com, an average sales price of $220K gives retirees room in their budgets to live the good life without over-stretching their nest egg. From its state-of-the-art entertainment arenas, and medical facilities, to generations of family-run farms, people describe Lincoln as the “big little city” that knows everyone by name and still has an urban edge. Located less than an hour from Omaha, Lincoln’s robust job market, and low unemployment rate gives baby boomers a golden opportunity to launch into a variety of encore careers from entrepreneurial ventures to climbing back up the corporate ladder.

New Hampshire

A Taste of Old World Europe – On the New England Seacoast

If a coastal retirement is calling your name, Portsmouth New Hampshire should be on your shortlist. Said to be the 3rd oldest city in the country, this quaint colonial town is considered to be the darling of the New England seacoast steeped in maritime history and voted one of America’s top 100 walking cities. Named after the English town of Portsmouth, this storybook destination has an irresistible European aesthetic from its cobblestone streets, and 17th-century architecture, to the ethereal bells that echo from North Church. With picturesque waterfront views, a tax friendly climate, and an industrious history, this beloved vacation spot has turned many into full-time sea dwellers.

Known for its friendly atmosphere, Portsmouth is just under an hour from Boston, and a short drive from some of the most spectacular beaches on the east coast. What began as a shipbuilding, and fishing town has flourished into a city of over 21,000 where centuries of rich history shakes hands with modern day life. Bankrate.com put New Hampshire on the top of the list as one of the best retirement cities boasting no sales tax, (hello tax-free retail therapy), and it does not tax retirement income. With hidden treasures scattered throughout the city, walkability is a big part of what makes this town so appealing. A variety of walking tours including the Portsmouth Harbor Trail and plenty of brick-lined ambience turns a casual stroll into a historic journey down memory lane. From golf, and cross-country skiing to sailing the Piscataqua River, Portsmouth is an idyllic town for any style of outdoor enthusiast.

4 Ways To Reinvent Your Retirement

4 Ways To Reinvent Your Retirement

Somebody had the notion that once you retired, life was suddenly all about bridge games, and recliners – well, up and until they realized that today’s baby boomers have much more on their agendas than watching Jeopardy reruns. Most would agree this next chapter in life has a tendency to spark creativity, and inspire spontaneity which is why it’s the perfect time to step out and create a list of “push your limit” goals. They always say there’s no better time than the present, and these life-changing ideas will definitely challenge your comfort zone.

Try an Extreme Sport
If you thought thrill-seeking was just for kids think again. Challenging yourself physically is a serious endorphin rush especially if It’s something you’ve had on your bucket list. From skydiving, and bungee jumping to getting on a surfboard or rock climbing, the list of “extreme” sports is virtually limitless. Visit any ski resort or the NASCAR starting line, and you’ll notice a surge of 55 or better participants who are proving that active adults crave a taste of adventure over leisure.