Tuesday, September 25, 2012

Don't Make These Common Retirement Mistakes - Retirement Homes

Retirement is a time for new beginnings and a clean slate. Baby Boomers have the choice between traveling the world, spending their time volunteering, among countless other retirement ideas.

But some retirement ideas which sound great may cause more difficulty and frustration than they?re worth, and USNews.com recently compiled a list of retirement plans which recent retirees (or soon-to-be retirees) should think twice about before jumping in:

1/ Retiring in an exotic location- While sandy beaches and waterfront villas sound attractive, the biggest problem Boomers might face is a lack of familiarity with the area, and a lack of people they know. In the event there are challenges or problems, friends and family can be helpful, but it?s harder when they are hundreds or even thousands of miles away.

2/ Overestimating travel expenses- As the news source noted, some expenses tend to fall in retirement, such as those related to work and careers, but it?s easy for travel and vacation budgets to balloon out of control, putting a strain on the recently-retired Boomer.

3/ Taking social security early- As noted elsewhere, the earlier you take social security payments, the less money you will receive, so think about whether you really need the money now. If not, it may be a better idea to wait longer and take more money when you might need it more.

Retirement Communities near You Other Locations?

  • Step into a Sunrise Assisted Living community and you can't help but feel at home. We stop at nothing to make your experience warm and inviting, from our ...

  • The Kenwood of Lake View provides a full range of choices for today?s seniors. Choosing a senior living community represents a lifestyle choice and we ...

  • Now open in Geneva, independent senior living at GreenFields is not like any other option you'll find. At GreenFields, you'll love our hospitality, our ...

  • St. Pauls House provides trusted and quality care that serves the physical, emotional, and spiritual needs of older adults.

  • The Meadows of Glen Ellyn provides a full range of choices for today?s seniors. Choosing a senior living community represents a lifestyle choice and ...

  • Holley Court Terrace provides a full range of choices for today?s seniors. Choosing a senior living community represents a lifestyle choice and we understand ...

  • The Seasons at Glenview Place provides a full range of choices for today?s seniors. Choosing a senior living community represents a lifestyle choice ...

  • 850 Lake Shore Drive will soon be an exquisite retirement community that enriches the lives of active seniors. Set in Chicago's distinguished Streeterville ...

  • Located in the beautiful Chicago suburb of Palos Park, Peace Village is a not-for-profit senior living community committed to providing people from all ...

  • Nestled in a beautiful, wooded area and surrounded by impeccably manicured grounds, The Devonshire is the perfect place to call home. Knowing we provide ...

Search for a Retirement Community

Source: http://www.retirementhomes.com/library/dont-make-these-common-retirement-mistakes/

oscar noms capital gains tim thomas oral roberts les paul fred thompson fred thompson

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.