Self Help Tips for Heart Attacks

Like thousands of other people every year, my brother-in-law had a heart attack while he was alone in his car.  He drove himself eight miles to a hospital, where he collapsed as he entered the emergency room.  Although he survived, no one recommends that you try to drive yourself to the hospital if you suspect you are having a heart attack.  The chances are good that you will not reach the hospital and, to make things worse, you might kill someone else.

The truth is that nearly everyone spends at least some time alone.  As we get older, many people live alone and, in a health emergency, this can be dangerous.  Some people wear an emergency pendant which puts them in contact with emergency personnel, neighbors or relatives with the push of a button.  Other people keep their cell phone in their pocket at all times.  Those are both excellent ideas.

Every 60 seconds, someone in the U.S. dies of a heart attack.  What should you do if you are alone and suspect that you are having a heart attack? How can you tell?  These are important questions to ask, because 40 percent of heart attack victims never make it to the hospital. 

Symptoms of a Heart Attack

Heart attack symptoms can be wide-ranging and vague. Below you will find common and uncommon symptoms.  If you are in extreme discomfort or you are suffering from several of these symptoms, you should suspect a heart attack:

Chest pain (although 1/3 of patients do NOT have chest pain)
Pain or discomfort in one or both arms, the back, the shoulders, the neck, or the stomach (above the belly button)
Shortness of breath
Sweating
Nausea and vomiting

The older you are, the more likely you are not to have chest pain, but have atypical symptoms, instead.  Some of the atypical symptoms are:

Confusion
Labored breathing
Fainting
Vague chest pressure

You may feel unwell for days or even weeks before experiencing the heart attack. 


Self Help Tips for Heart Attack Victims

If you experience the above symptoms and you are alone, here are a list of the steps you should take to save yourself.

* Call 911 - It is important to get to the hospital within an hour.
* While you are waiting for an ambulance, chew and swallow a regular, uncoated 325 mg. aspirin.
*  Unlock your doors so emergency personnel can get inside, in case you cannot open the door later.
*  Sit down, but do not lie down; try to rest and relax while you wait.
*  Call a neighbor, friend or relative and stay on the phone with them until help arrives. If they are close, ask them to come over and wait with you.
*  Do NOT drive yourself to the hospital or have someone else drive you; ambulances have defibrillators and clot-busting medications.  They will also be able to get help for you more quickly, once you reach the hospital.
*  When the EMTs arrive, be ready to tell them what medications you are using and explain exactly what you are feeling.
*  Be assertive.  If you seem shy or reticent, studies show that you may wait longer to receive treatment.  Speak up.  Even if it turns out that you were not having a heart attack, but some other health problem instead, it is important to get checked out as soon as possible.

Want to learn more about common health issues as you age?  Use the tabs or pull-down menu at the top of the page to find links to hundreds of additional helpful articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo of heart model courtesy of morguefile.com

Reata Glen and other CCRCs in Orange County, CA

A growing trend in housing for senior citizens is the CCRC - Continuing Care Retirement Community.  These are communities where people initially move in while they are still in good health and enjoy independent living in their own private residence.

Later, if the residents eventually need higher levels of care such as assisted living, skilled nursing or memory care, they can get whatever help they need while staying in the same community.  There are a wide variety of CCRCs with different types of amenities.  The costs vary accordingly.

Why People Move to a CCRC

CCRCs are located throughout the United States.  They have become a popular alternative for people who do not have long-term care insurance and want to make sure they will receive care for the rest of their lives, no matter what happens with their health.  However, not everyone who moves into a CCRC is someone who does not have long-term care insurance.  Some types of CCRCs do take this insurance.  Others will accept Medicaid payments to cover at least part of the cost of nursing home care.

Most CCRCs require a buy-in or entrance fee that, in many cases, will be partially refunded to your estate when you leave or die.  On the other hand, there are some that are entirely rental.  All of them have a monthly fee, including the ones that require you to buy it at the beginning.  In some cases, the fee is guaranteed to remain about the same as long as your live there.  In other cases, you pay different amounts based on the services your receive.

It is wise to thoroughly investigate all the choices in your area so you know the options that are available before deciding which one is right for you.

Financing a CCRC

There is a wide range in costs for a CCRC.  If you choose one with a buy-in, it can cost $300,000 or more at the time you move in.  If you rent your housing unit rather than buying it, you may still have an entrance fee of $20,000 or more ... but not always.  In either case, you will also have a monthly fee.  Some facilities that cater to middle-class and low-income senior citizens may allow you to apply for Medicaid and apply it to your expenses.  There are also CCRCs for people who have long-term care insurance.

If the CCRC you choose is a life-care community, you will typically pay a large up-front fee plus a monthly fee that will remain about the same no matter how much care you need in the future.  This is particularly popular with people who do not have long-term care insurance or family members who could care for them, and want the security of knowing that they will be cared for no matter what happens to them in the future.  If you choose this option, financial advisers recommend that you have a professional scrutinize the financial viability of a community before you trust it with your life's savings and care.

Popular CCRCs Located in Orange County, CA

Below is a list of popular CCRCs in Orange County, California.  In nearly every major populated area in the United States, you will find similar types of communities.  In some areas of the country, the costs may be less ... or more.

Regent's Point - Irvine, California - Entrance fee ranges from $47,500 (for UCI alumni and faculty) to $467,500, plus a monthly fee of $2,352 to $4,936 a month.  In addition, there is a tiered cost plan.  The more services you need, the more you pay.

Capriana - Brae, CA - $300,000 to $500,000+ entrance fee - minimum monthly fee of $4,195 plus additional charges for extra services.  They will help you sell your current home to help make it possible for you move in.

Covington - Aliso Viejo, CA - No specific buy-in price was publicly available.  However, like most of the others in Orange County, there is an entrance fee and reviewers indicated it is one of the more expensive options in Orange County.  However, 90% of your entrance fee is returned to you or your estate when you leave the community, once the unit where you lived is reoccupied. The Covington does not accept Medicaid, Veteran's benefits or long-term care insurance.  Basic daily cost for a private room in their care center is $309 a day.

Fountains at Sea Bluffs - Dana Point, CA - No pricing information listed.  While not confirmed, one reviewer said that she was paying nearly $9000 a month for her father to live there in the memory care facility.

Town and Country Manor - Santa Ana, CA - Independent living ranges from $2,750 to $4,090 a month, plus $1,250 a month for a second person in your apartment.  There is a $1,000 application fee.  Assisted living ranges from about $4,000 to $4,550 a month, plus $1,250 for a second person.  Skilled nursing is based on the level of care needed.  There does not appear to be memory care at this facility.  Residents do not have a buy-in.  This is a rental CCRC.

Walnut Village - Anaheim, CA - According to reviews, this CCRC has entrance fees that range from $209,000 to $700,000+ and 90% is refundable. There is also a monthly fee that can range from $2800 to $6200.  There are cottages as well as apartments.

Morningside - Fullerton, CA - The reviews indicated there was a large entrance fee, but it was not published on their website. It is operated by the same company as Reata Glen, described in detail below, so fees and the way it is operated will probably be similar.  

Brookdale - San Juan Capistrano, CA -  There is an entry fee, plus a tiered level of monthly costs, based on the care you require.  You only pay for the services you need.  There are a variety of plans available.  For example, you have the option of paying a lower entry fee if you have long-term care insurance.  In addition, you can choose from a variety of refund percentages and this can alter the size of your initial buy-in costs.

Reata Glen - A New CCRC in Orange County

A new CCRC is under construction in San Juan Capistrano, CA.  They have 19 designs in both apartments and villas.  Sizes range from a one-bedroom with 646 square feet to three bedrooms with 2,827 square feet.   Depending on the size of the home you choose, the buy-in entrance fee can range from $400,000 to $2,499,000.    A typical two bedroom, two bath 1,268 square foot Garden Terrace with covered parking can have a buy-in of $949,000 to $993,000.  For those who do not have covered parking with their apartment, there is an optional additional entrance fee of $10,000 for a carport and $25,000 for a garage.  There is also a monthly fee which should remain stable during the remainder of your life.

Like most other CCRC's, there will be a variety of amenities.  When complete, this community will have tennis courts, a wood shop, gardens, a putting green, a swimming pool, a fitness center, and a performing arts center.

You can get a brochure and learn more about this newest CCRC in Orange County at http://www.reataglen.com/


If you are interested in learning more about where to retire in the United States or overseas, common health concerns, financial planning and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  Photo of Reata Glen from their website

Death from Falls Can Be Prevented

https://twitter.com/BobbyMalevski/status/673535222554738688

In 2013, an estimated 25,464 senior citizens died from a fall.  Approximately 2.5 million more were injured.  Of those, 734,000 people required hospitalization.  Shockingly, one in three adults over the age of 65 will experience a fall every year and a significant of them will suffer serious injuries, including broken hips or head trauma.  Medical costs for falling amount to over $30 billion a year.  The Centers for Disease Control and Prevention estimate that these numbers may double in the next five years as our population ages.  In addition, falls are also a major reason for emergency room visits for people in the 45 to 64 age group, so problems are not limited only to those in the 65 and over age group.

Researchers have studied this problem extensively and they have discovered that certain programs are effective in preventing falls.  However, there is virtually no government support for these programs, which means they are not always available in the communities where they are needed.  When they are available, the programs are usually sponsored by local hospitals, community groups and agencies.

Even if you do not believe you are at risk of falling, accidents can happen to anyone.  In addition, you may have a spouse or other family member who could be injured from a fall.  Everyone should be aware of the causes and how to reduce the risk.

Why Senior Citizens Fall

There are a number of reasons why people fall, regardless of their age ... although the problems associated with falling are more serious in senior citizens.  Some of the more common causes are:

Arthritis
Inner-ear Problems
Diabetes - Particularly for those who suffer from Neuropathy
Illnesses that cause patients to feel weak, dizzy or shaky
Medications - People should be especially concerned about sleeping medications or those that lower blood pressure or cause dizziness

How to Prevent Falls

Fortunately, there are steps everyone can take to dramatically lower their risk of falling.  Below are some suggestions you can implement yourself.

Attend the CDC program called "Stopping Elderly Accidents, Deaths & Injuries" (STEADI).  Contact your local hospital or senior center to see when a class will be held in your community.

Attend a Balance Training Program.  Many senior centers and communities offer separate balance classes or include balance training in their yoga, Tai Chi, Pilates, dance and other exercise classes for seniors.

Practice balance exercises at home including:

* Standing on one leg for 30 seconds at a time
* Walk heel to toe along a straight line on the floor
* Practice sitting and standing from a chair to build leg and core muscle strength

Eliminate or avoid danger zones in your home, especially:

* Potentially icy areas outside your home in cold weather
* Anything in your home or yard that could trip you -- wires, plants, furniture legs, etc.
* Loose rugs or carpeting
* Slippery floors like polished hardwood or wet floors in the bathroom and kitchen

Other ways to reduce falls include:

*  Installing grab bars in your shower or around your bathtub.
*  Giving up your high heels.
*  Having someone move items from high shelves and placing them where they are within easy reach.
*  Avoiding risky behaviors such as climbing on ladders or standing on chairs to reach high items.

Finally, watch your medications and read the package inserts.  Pay close attention to the possibility of falling because of the prescription drugs you are taking.  Many medications can lower your blood pressure and make you dizzy, especially when you first get out of bed in the morning or get up from a chair.  Take things slowly and make sure you feel OK before making any sudden moves.  Talk to your doctor about your dosage levels or ask about alternative medications if one you are taking seems to make you especially dizzy.



If you are interested in learning more about how to take care of your health as you age, where to retire, financial planning or family relationships, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:   https://twitter.com/BobbyMalevski/status/673535222554738688

Social Security Plans of Clinton and Trump

Although it has not been discussed in detail by the media, one of the major issues for senior citizens in the November, 2016 election is the future of Social Security.  Because we have repeatedly been warned that the trust funds for both Social Security and Medicare will run out of money in the coming decades, this issue is on the minds of both current retirees and those who are approaching retirement.  As a result, AARP recently requested written statements from the presumptive candidates of both major political parties to ask their plans for the future of Social Security.  The results of those statements were in the July-August 2016 issue of the AARP Bulletin.

The statements expressed in the sections below are based on direct quotes that were provided in writing to AARP by the candidates.

The intent of this article is not to sway your vote either way, but to help you make your own informed decision, based on the candidates' expressed views.  Of course, any action by the next president will need the support of Congress in order to become law.

Hillary Clinton's Plan for the Future of Social Security

*  Raise the current income cap on Social Security contributions. Currently, only the first $118,000 in income is taxed for Social Security. This means that higher income Americans will pay more than they have in the past.  Some types of income which are not currently taxed may also be included.

*  Avoid risks to Social Security by resisting efforts to privatize it.

*  Maintain on-going annual cost-of-living adjustments for retirees receiving Social Security benefits.

*  Resist efforts to further raise the retirement age.

*  Avoid adding to the burden on the middle class by resisting efforts to cut benefits or increase the percentage of taxes withheld.

*  Expand Social Security benefits to widows and people who took time out of the workforce to be caregivers for their children, elderly parents or other sick relatives.

*  Reduce the amount that Social Security decreases when a spouse dies.  This is a particularly serious issue for two successful wage-earner couples after they retire.  When one dies, the remaining household Social Security benefits for the surviving spouse can be cut in half.

Donald Trump's Plans for the Future of Social Security

*  Have an economy that is "robust and growing."

*  Lower corporate tax rate to 15 percent and make other business tax changes.

*  Renegotiate trade deals and impose budget discipline to stop increasing our national debt.

*  Repeal both the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Affordable Care Act to increase competition and lower costs to consumers.

*  Reduce fraud, waste and abuse in the government, including reducing the size of the federal government.

*  Immigration reform will enable the government to save money on education, health care and public safety.  It will also increase security and lower the incidence of drug use.

*  In summary, "If we are able to sustain growth rates in GDP ..., we will be able to secure Social Security for the future."

*  After the above have been accomplished, the administration would "examine what changes might be necessary for future generations."  Mr. Trump did not specify what future changes that could include in order to secure Social Security.

Summary of Social Security Plans of Clinton and Trump

This blog has long mentioned that many experts believe minor tweaks to Social Security could make it more secure in future decades and, possibly, indefinitely.  One of these tweaks would be to increase the amount of income that is taxed by lifting the current ceiling on taxable income.  Another possibility is to raise the full retirement age by a year or two.  A final choice would be to slightly increase the Social Security tax on income.  Analysts have suggested that any one of those tweaks, or a wide variety of combinations of them, would be sufficient to secure the Social Security Trust for future generations.

Of the above possibilities, Hillary Clinton is only recommending the first one ... increasing the cap on taxable income so that more income is taxed ... but not at a higher rate.  She also is against raising the full retirement age.  

Donald Trump is recommending an entirely different approach.  He believes that a strong economy will solve the problem, although he does not specify what mechanism he would use to get the additional GDP into the Social Security Trust ... through the use of a higher tax cap or an increase in the Social Security tax rate.  He only wrote that he would, "examine what changes might be necessary for future generations." 

This could be a good choice for a debate question for the candidates, so voters will have more specifics about exactly how the future of Social Security will be secured.


Resource:

"Trump & Clinton - Where They Stand On Social Security" AARP Bulletin/Real Possibilities July-August 2016 (written responses submitted to AARP by the candidates for president.)


If you are interested in learning more about how Social Security and Medicare work, or want to know about where to retire, common medical problems, financial planning and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  Photos from candidates' Twitter accounts.

Which Senior Housing Option is Best for You?

As Baby Boomers begin to reach retirement age, one thing on their mind is where they should live as they age.  Some Boomers want to make one decision and be done.  They hope to find a single choice that will meet their needs for the rest of their lives.  Other people want to live an active, independent life first and later move to assisted living or a similar facility.

There is no option that is perfect for everyone.  Your financial situation and health will almost certainly affect your decision.  You may also be influenced by where you currently live, as well as where other members of your family live ... aging parents, adult children, grandchildren and, in some cases, your siblings.

To help readers know their range of options, below is an overview of the types of housing that are available.  Most of these choices are available in every region of the United States.  Some of these may be senior housing options that you might not have previously considered.  However, before making a final decision about where to retire, it is important that we know what choices are available. You can find links to more articles about most of these options by clicking on the tab above labeled: "Retire in the U.S."  There are dozens of helpful articles that will give you more detailed information.

Senior Housing Options

Age in Place:  One of the most popular choices is to remain exactly where you are.  The Age in Place movement has become more popular and there are now a wide variety of resources to make it easier for people to continue to live in their own homes as they get older.  Contact senior centers and home heath care facilities in your area to see what types of assistance are available.  Many communities can help with low cost meals at near-by senior centers or Meals on Wheels delivered to your home; free or low-cost transportation; exercise programs; social programs and other activities that can make it easier for you to remain in your home.  Many communities also offer a PACE program.  This is short for Program for All Inclusive Care for the Elderly and offers the equivalent of high quality nursing home care in your own home.

Over-55 Communities:  Del Webb, Lenair, Trilogy and several other builders have created over-55 communities in a wide variety of locations across the United States ... especially across the Sunbelt, although there are also options in northern states.  These communities are more than subdivisions for senior citizens.  They often pride themselves in the resort-style facilities they provide their residents ... golf courses, swimming pools, tennis courts, clubhouses, exercise facilities, theaters and more.  They are sometimes also called Active Adult Communities.  My husband and I currently live in an over-55 community near Laguna Beach, California.  It has been a very relaxing and pleasant option, since so much is done for us ... including lawn care and building maintenance.

Senior Apartments:  Many seniors choose to move into senior apartments, especially if they wish to get away from maintaining a home.  There are luxury apartments for middle class and affluent retirees, as well as subsidized apartments for moderate and low-income retirees.  In subsidized apartments, the rent is usually based on a percentage of your income (on a sliding scale).  Whether luxury or subsidized, most of these senior apartments provide special services for seniors ... social events, transportation, assistance with housekeeping, exercise facilities, swimming pools, etc.  Sometimes the services are provided by outside agencies in the communities ... such as transportation to medical visits.

Accessory Dwelling Units or Granny Pods:  Another option some Baby Boomers are choosing is to move in with their children.  Instead of boomerang kids, many Baby Boomers are becoming boomerang parents.  There are several valid reasons for this choice:  you may be in poor health and need assistance with meals or dressing; your children may want you there to provide care for your grandchildren; it could be the best choice financially for either you or your children.  One way to facilitate this when the parents have their own, separate living space. An accessory dwelling unit is the term used to describe a second living space in the home or on the property that will allow you some privacy while living with your children.  This second living space can be an addition to the home, a remodeled basement or a separate apartment.  Granny Pods, another possibility, are pre-fab senior homes that are set up on the property.

Board and Care Homes:  These are group homes for people who don't need a nursing home, but cannot live independently, either.  Many people like them because of their comfortable, homey atmosphere.  Residents usually have a private room and bathroom, but share meals and common areas. I have known a variety of people who have chosen this option ... for reasons such as severe arthritis or mild mental impairment which make independent living difficult.

Continuing Care Retirement Communities (CCRCs):  One new wave in senior housing is the CCRC.  These are communities which you usually buy into by paying a large upfront fee, as well as a monthly fee.  When you first move into the community, you live independently in your own home or apartment.  The community guarantees that they will then take care of your needs for the rest of your life, whether that means you need some assistance in your own home or you need to move into an assisted living facility, a skilled nursing facility or a memory care home ... facilities which are usually located within the community.  This is an especially popular option for couples who believe that one of them might have to move into a nursing facility, but not the other.  In this way, they can still be close to each other.  CCRCs have also become a popular option for healthy people who know they will not qualify for affordable long-term care insurance.  Once they move into a CCRC, residents do not have to worry about their future care, regardless of what health problems they or their spouse may develop.

Assisted Living, Skilled Nursing and Memory Care Facilities:  Many people who start out living in their own home or senior apartment will eventually need more care than they can easily receive in their personal residence.  Those people may eventually move into one of the other types of senior housing mentioned above, or they may move directly into the type of assisted living, skilled nursing or memory care facility that is appropriate for their needs.  These are usually paid for in one of three ways:  Medicaid, long-term care insurance, or out-of-pocket payments made by the senior citizen or their family members.  Of those, Medicaid (called MediCal in California) is the most common provider of funds for these programs, although there are financial asset and income restrictions on who can qualify for Medicaid.  These facilities can be expensive ... ranging from $6,000 to $12,000 a month, depending on the region of the country and the amount of care the resident needs.  That is why long-term care insurance is a good investment, especially if you believe there is even a possibility that you or your spouse could someday need to move into one of these facilities.

If you are interested in learning more about where to retire, common medical issues, long-term care, financial planning, Social Security, Medicare or more, use the tabs or pull down menu at the top of the page to find links to hundreds of helpful articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  Photo of clubhouse at the Laguna Woods Village over-55 community was taken by author, Deborah Dian; all rights reserved.

Common Problems with Inherited Homes

According to an article called "Inheriting Trouble" in the March, 2016 issue of the ARRP Bulletin, the Baby Boomer generation is expected to inherit $8.4 trillion.  Much of that will be in the form of real estate, often the parents' primary or vacation homes.

Whenever property is left to two or more adult children, it often brings grudges and resentments between the siblings out into the open. Long simmering jealousies can surface and cause conflict after you die.  According to John Pankauski, author of Pankauski's Probate Litigation Guide: Top 10 Probate Mistakes Revealed, "You never really know someone until you share an inheritance with them."

Other experts point out that the family dynamics change after Mom and Dad pass away.  While the family may have gotten along while the parents were around, old jealousies may re-emerge, according to David Fry, the co-author of Saving the Family Cottage.  This can cause estrangements and lawsuits that present difficulties for years.

The two books mentioned above will help you avoid some of the problems that can arise when passing on a family home.

Guidelines to Avoid Probate Problems When Inheriting a House

*  Ideally, there should be a family discussion about the property before the parents pass away.  Everyone needs to discuss their expectations.  There needs to be clear, direct communication between members of the family.

*  Mom and Dad need to accept that their children may not want to hold onto the family home.

*  Once the parents are deceased, the siblings who inherit the property together need to meet and decide if they want to sell or keep the property.

*  If some of the heirs want to keep the home and one or more of the others do not, decide how the value of the property will be determined.  Will there be an independent appraisal? Will the other siblings buy out the ones who decide to opt out by paying them a full, prorated share of the entire property's value, or will there be a discount put on the value?  How will the payoff be made ... in a one-time cash payment or spread out over several years?

*  For those siblings who decide to keep the property, the heirs should draw up a legal agreement with an attorney.  It can be a joint ownership agreement, a trust or a limited liability company.

*  In the case of family vacation homes, management decisions need to be put in writing, including how the property can be used and how expenses will be paid.  For example, will it be rented out part of the year, or be available only to members of the family?  How many weeks of the year will each heir and their family be allowed to use the home?  Will there be special times of year when the entire family gets together at the property ... such as the Christmas holidays?  Who will take care of regular upkeep and lawn maintenance?  Will there be a fund set up that everyone pays into to handle regular maintenance?  Will there be periodic special "assessments" to handle expensive repairs such as painting or replacing a roof or air conditioning system?  Can everyone afford to pay their fair share?

*  The family needs to agree on basic rules about how the vacation house will be used, including how clean the home should be left when each family leaves, should sheets be changed and beds remade, whether smoking is allowed, if non-family will be allowed to use the property and who will pay for damages.

*  The ownership agreement should also set forth how the property can be passed on to future generations.  For example, if one sibling dies, will their share be divided between their adult children?  What happens if they cannot afford to cover their share of expenses? Or, will the original heirs buy out their nieces and nephews, should one of the siblings die?

What If One of the Children is Already Living with Mom or Dad?

When one of the heirs has been living in the home with the parents at the time of their death, this can create special problems.  Their siblings may not want to kick them out of the house, but the person who is now living alone in the house may not be able to afford to pay their fair share of the expenses involved in maintaining the home.

On the other hand, the heir who is living in the home may be perfectly happy and capable of staying there, but the other siblings may feel disinherited.  They may want to be able to either use the house themselves, or sell it and get the cash.  Either way, the parents should make it clear what is to happen with the home after they die.

Should You Put One Child's Name on the Deed?

According to experts, the worst decision you could make may be to put the name of one of your children on the deed.  That is because the house will automatically become the property of that child.  You may hope that your child will be fair with their siblings, but that does not always happen.  This can cause tremendous conflict between your children.

The exception to this would be if the house then becomes the inheritance of that child and the other children are left a substantially equal share of other assets ... such as stocks or retirement accounts.

If you are leaving real estate property to your heirs when you die, it may be a good idea to read one of the books below.



Want to learn more about retirement planning, where to retire in the U.S. and abroad, medical issues, family relationships and more? Use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com

2016 Social Security Increase Ridiculously Low

UPDATED Oct. 19, 2016:  In 2017, Social Security recipients will receive a absurdly tiny increase in their benefits, based on government projections released on June 22, 2016.  The 2017 cost-of-living increase is estimated to be only 0.3 percent.  That is going to be just a few coins for most people. It works out to about $3 for every $1000 beneficiaries currently receive in Social Security benefits.  The average recipient will receive approximately $4 extra a month.  Most senior citizens who rely heavily on Social Security to cover their retirement expenses agree that their expenses have increased much more than $4 a month over the past couple of years ... which is how long it has been since they received any raise at all.

At the beginning of 2016, Social Security recipients did not get any increase in their benefits.  However, millions of Medicare beneficiaries who pay their premiums by check, usually because they do not yet collect Social Security or they participate in an alternate retirement program such as state teacher retirement, saw their premiums rise.

2017 Medicare Premiums Could Rise for Millions

Retirees who are not receiving Social Security, because they either have not filed yet or because they participate in an alternative retirement program such as a State Teacher's Retirement plan, could also see their Medicare premiums increase in 2017.  It is estimated that the Medicare Part B in 2017 will be $149, up from 2016's rate of $121.80 and 2015's rate of $104.90.  This will affect about 30 percent of all Medicare recipients.

Current law protects people from getting a Medicare increase that exceeds their Social Security increase unless they are new to Medicare or they pay their Medicare premium by check ... which is the case for millions of people on non-Social Security retirement plans.

This means that in future years, if Social Security premiums increase by more than a couple of dollars, a large increase in Medicare premiums could eat up all or most of the raise.

Congress Continues to Fail to Address Social Security and Medicare Shortfalls

In addition to the ridiculously low increase in Social Security benefits and rising Medicare rates, Congress has continued to fail to resolve shortfalls in these programs, despite the fact they are absolutely essential to the lives of the vast majority of retirees.

The government currently estimates that the trust fund that helps bolster Social Security benefits will run out of money by 2034; the trust fund that helps support Medicare benefits will run out in 2028.  In the case of Medicare, this is two years sooner than previous estimates.

When the trust funds run out, the programs can continue to operate, but at only 75 to 85 percent of their current levels, which could mean cuts in benefits for retirees.

According to the U.S. Treasury Secretary Jack Lew, "reform will be needed and Congress should not wait until the eleventh hour to address the fiscal challenges, given that they represent the cornerstone of economic security for seniors in our country."

Final Numbers Not Yet Confirmed

It is possible that the 0.3 percent 2017 Social Security increase and/or the increase in Medicare premiums could be altered slightly when the final decisions are made in the fall of 2016.  Last year, Congress did vote to decrease the initial projected increase in Medicare premium rates.  However, there is no guarantee that will happen.

Learn More About How to Maximize Your Benefits

If you are planning your retirement, you will want to do whatever you can to maximize your benefits.  The Amazon books available for sale below can help you get the most out of your retirement.



If you are interested in learning more about Social Security, Medicare, financial planning, common medical issues, where to retire and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com

Finding Help for Caregivers

According to AARP, approximately 40 million Americans perform the role of caregiver for someone in their family.  Although the typical caregiver is a 49 year old woman, the truth is that more and more men are starting to fill this function in their families.  In addition, about one-fourth of caregivers are young adults between the ages of 18 and 34.  Many Baby Boomers have found themselves in the "sandwich generation."  They are still raising their own children while caring for an aging parent.

The Demands on Caregivers are Becoming More Intense

While the vast majority of ill, disabled or mentally incompetent people have always been cared for by family members, the demands now seem to be greater than ever, putting more stress on families who are caring for someone who cannot fully take care of themselves.

First, insurance companies encourage hospitals to discharge patients sooner, in an effort to save money.  This means that caregivers may have to do more than just feed, dress and bathe their loved ones.  They may also be required to perform traditional nursing duties such as giving injections or inserting catheters. Unfortunately, they may be expected to do these things with little or no training.

In addition, although people are living longer than ever before, they may not be able to take care of their own needs during the last few years of their lives.  Caregivers may be required to take care of a loved one for as much as five or ten years ... which can add a great deal of stress to the job, especially if the caregiver also has children or other family members who need their attention.

Where to Find Help for Caregivers

With all the stress involved, nearly every caregiver is going to need some help at one time or another.  In order to assist them, below is a list of resources to take some of the pressure off.  The organizations below can help you get help in your community.


Eldercare Locator: 
eldercare.gov/eldercare.net/public/index.aspx
800-677-1116

Family Care Navigator:
caregiver.org/family-care-navigator

Caring.com (for information on Alzheimer's)
caring.com/steps-stages/alzheimers

Where to Find Respite Services (when you are traveling or just need a break)
archrespite.org/respitelocator
OR  the U.S. Department of Veterans Affairs (sponsors day programs for Vets)
OR  local assisted living facilities often provide temporary respite care

Elder Companions
contact your local Area Agency on Aging

Personal Care Assistance
Contact a local home health agency in your community.  They can provide help with meals, dressing, bathing and similar services.

Meals on Wheels America (provides meals to people living alone who cannot fix their own meals)
mealsonwheelsamerica.org/signup/find-programs

Assistance with Transitions to Rehab or Nursing Homes
nextstepincare.org/caregiver_home

Caregiver Support for Veterans
VA Caregiver Support Line
caregiver.va.gov/index.asp 
855-260-3274

More Caregiver Resources Can Be Found at AARP's website:
aarp.org/caregiving
aarp.org/cuidar (in Spanish)

Below are several books which are also excellent resources, followed by practical tools to make caregiving a little easier.  (If you cannot see the book ads, click on the title of this article to be taken to the original article.) 

Technology That Can Help Caregivers

In addition to community resources for caregivers, you may also get some peace of mind by putting technology to use.  Below are some devices that may help:

Invisible GPS - Shoe inserts with a hidden GPS inside.  These are designed for dementia patients who tend to wander off.  Check: GPS SmartSoles

AARP Rx - A free app that will help you organize prescription lists and contact info, so you can share it with family members.

Wireless Blood Pressure Monitoring - Blip BP by BlipCare is a device that you connect to your Wi-Fi.  You can then view the readings online or on an app.

Fall Prevention Lighting - Are you worried that a loved one might fall when they get out of bed at night?  Luna Lights has a pressure pad that automatically will illuminate small portable lights in order to create a path to the bathroom at night.

Medical Alert Devices - You have probably seen the ads in which a woman, lying on the floor, pushes a button on a pendant and say, "Help me!  I can't get up."  There are a variety of these devices, including the Great Call Splash, the Philips Lifeline with AutoAlert and others.  If you are worried about a family member who does not live with you, these devices are a wonderful way to make sure you will be contacted if your loved one falls or has a medical emergency.

Floor Mat Alarm - a mat that can be put by the door or bed.  It will alert you if a dementia patient is leaving their bed, their room, or their house.  Check: the FallGuard Safety Auto Reset Monitor with Floor Mat from the Smart Caregiver Corp.

Home Motion Sensors - These sensors, such as the one made by SafeinHome, will let you know if a loved one who lives alone is unusually inactive.  Check:  SafeinHome



If you are interested in more helpful information about retirement, medical issues as we age, financial planning and more, use the tabs or pull-down menu at the top of this page to find links to hundreds of additional articles.

Source:

AARP Bulletin, November, 2015, "Special Report:  Caregiving in America"

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com

How to Successfully Retire Alone

How do you prepare to retire if you have no spouse, no kids and no one to perform the role of caregiver in your life?  Many people outlive or divorce their spouse; they either have no children or they outlive them; they have no near relatives who can take care of them if their health or memory begins to decline.  How can these people make sure they have adequately prepared for the future?

Scary Numbers for Single, Childless Seniors

Currently, about one-third of people between the ages of 45 and 63 are single.  About 15 percent of women in the 40 to 44 age group have no children.

According to Dr. Maria Torroella Carney, in a presentation at the American Geriatric Society's annual meeting, approximately one-fourth of Americans over the age of 65 lack a family member who can take care of them.  Carney refers to them as "elder orphans."

How to Prepare for the Future

Many of the suggestions about how to prepare for the future are the same for single people as they are for those who do have spouses and/or children ... save money, maximize your Social Security, choose a Medicare Advantage or supplement plan, find an appropriate place to live and budget wisely.   However, it can be even more important that they follow through on these suggestions if they are single and/or childless.  Below are some tips to help you navigate your senior years.

*  About two-thirds of seniors will eventually need long-term care.  It is wise to either buy long-term care insurance or put aside a large enough nest egg that you will be assured there will be money available for your care when you need it.  If you do not qualify for long-term care (and many people do not), you may want to move into a CCRC while you are still ambulatory and do not need assisted living.  Many of these appealing communities do not accept people who are already in need of assisted living or skilled nursing.  A final way to prepare for long-term care, especially if you are a low-income retiree, is to visit and select a Medicaid Approved nursing home in your community so you know where you would like to live, should the time come that you cannot take care of yourself.  Medicaid pays the lifetime cost of nursing home care for low and moderate income retirees with few assets.

*  Plan for your future housing needs by buying a home or moving into a CCRC - a Continuous Care Retirement Community.  Even if you are not in a CCRC, you may want to move to a location where you can remain independent as long as possible ... with no stairs and within walking distance of doctors and grocery stores or with a convenient bus/train/taxi service.  You may also want to see if there is a local grocery store that can deliver your groceries to you if you have surgery or become too frail to do the shopping by yourself.  Explore other neighborhood assistance that may be available to you, including Meals on Wheels, taxi vouchers, senior apartment complexes, and senior centers.  Keep a list of these services handy so you can contact them easily.

*  Prepare for medical emergencies by getting a comprehensive medical insurance plan, usually a Medicare Advantage or supplemental plan, and putting aside additional money to take care of any out-of-pocket expenses you might have as you age.

*  Stay connected with other people, both new friends and old friends.  Without a spouse or adult children, you may need the assistance of friends from time to time.  Socializing with friends also serves to keep you healthy, happy and less likely to decline rapidly.

*  Choose a trusted friend or relative to be your proxy.  Make sure they know where you keep your important documents.  Designate that person as your durable power of attorney for health care decisions, before you begin to lose cognitive function.  If you have no one you can trust, contact an elder care attorney for a reference to a professional who can become your legal proxy as you age.

*  Make it a priority to stay healthy as long as you can.  Eat well and get daily exercise.  Work your brain as much as your body.  People who do these things and socialize with others tend to age better than those who do not.

*  Put together an "In-case of Death" Notebook.  What would happen if you were found unconscious in your home by a neighbor, relative or emergency personnel?  You should have an easy to find notebook that lists the names of people to contact, physician names, your health insurance carrier information, life insurance policies, religious preferences, funeral instructions and any other information that you believe they would need.  My personal notebook even includes a copy of our will and trust, as well as a brochure for our children that explains what needs to be done when someone dies.

If you take these steps, you will know that you have done everything possible to make your life easier as you age.  You will also have made things easier for the distant relatives or friends who might be contacted upon your death or serious illness.  Otherwise, they may not know what to do or what you would like done, should the time come when it is difficult or impossible for you to make decisions for yourself. 

If you are interested in learning more about where to retire, health considerations as you age, financial planning and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles.
 
You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com

Source:

http://news.yahoo.com/no-spouse-no-kids-no-caregiver-prepare-age-165440252.html?nf=1

How the U.S. Lifespan Doubled in 150 Years

If you had been born in the United States in the late 1800's, just after the Civil War, your life expectancy would have been about 40 years old.  People routinely died of tuberculosis, tonsillitis, fever, smallpox, worms and childbirth ... as well as infections after injuries.

Today, the average U.S. lifespan has doubled to nearly 80.  How did Americans manage to nearly double their life expectancy in 150 years?  What changed during those decades?

Purified Water

Although we take clean water for granted today, it was an enormous project to purify our water nationwide.  For decades into the 1900's, cities often dumped their sewage into the local rivers, lakes and waterways ... and then piped that same water back into the cities to use as drinking water.  They assumed that dilution would adequately purify the water.

When they began to realize that wasn't true, the nation undertook massive construction projects to separate sewage water and drinking water, filter it and chlorinate it.  Historians who have traced the changing life expectancy in the U.S. believe that as much as one-half of the reduction in the death rate is a result of clean water.

Today, millions of people routinely purify their drinking water further, using everything from filters in their refrigerator water dispensary to filters that can be attached to their kitchen tap.

The Discovery of Germs

The use of soap to clean hands made a dramatic difference in the health of people around the world.  It took decades before people began to accept the idea that invisible germs cause diseases.  Once they did, it made a tremendous difference in preventing bacterial infections and reducing the prevalence of a variety of illnesses.

The importance of using soap cannot be overstated.  Even today, children who live in areas where they have little access to soap and clean water often have stunted growth!

Sanitary Housing

In the 1800's, the leading cause of death was tuberculosis.  It spread quickly because most people lived in crowded, dark and poorly ventilated homes.

Once people began to move into less crowded, airier and brighter homes, the disease slowed down.  Direct sunlight kills the bacteria that causes TB.  Having fewer people in a residence also make it easier for people to avoid coming in contact with people who carry the disease.

Advances in home sanitation, accompanied by better medical treatments for contagious diseases, have made a huge difference in the transmission of some of the most feared diseases of the 18th and 19th centuries.

Fortified Food

In the late 1800's, many cases of poor health and weakened immune systems were caused by a lack of the proper nutrients in our food.  Scurvy was caused by a lack of vitamin C; rickets by a lack of vitamin D; pellagra by a lack of niacin; goiters by a lack of iodine.

Once scientists began to realize there was a connection between nutrition and certain diseases, companies began to fortify many of our foods.  People were also encouraged to eat a variety of foods that would prevent these common diseases.  More emphasis was placed on eating fruits and vegetables.  As it became easier to transport food around the world, people were less dependent on only eating seasonal produce that was locally grown.

Laws to Protect People from Contaminated Food

In 1906, the government passed the Pure Food and Drug Act and the Federal Meat Inspection Act.  These laws lead to the creation of the Food and Drug Administration.  Prior to that, contaminated food was one of the most common causes of death in young children.  When they began eating solid food, they simultaneously became exposed to typhoid fever, botulism, salmonella and diseases that could cause diarrhea.  The pasteurization of milk and the inspection of meat also reduced the number of food born illnesses.

While incidences of contaminated food still occur, they are much less frequent than they were prior to the 20th century.

Quarantines

While quarantines are rarely used in the U.S. today, except during the recent Ebola scare, it was a common tool used by city officials in the past.  During the late 1800's and early 1900's, quarantines were the only way to prevent the spread of many deadly diseases and they were widely used.

Vaccinations

Inoculations have nearly eliminated many diseases that were known to wipe out hundreds of thousands of people in the past ... or severely cripple them.  Diseases such as smallpox and polio are almost unheard of today.

While there has been some controversy about vaccinations and, occasionally, people have an adverse reaction to them, they have contributed to longer lives.

What Will the Future Bring?

As researchers continue to develop new treatments for cancer and other life-threatening illnesses, life expectancy in the U.S. and other developed countries is expected to continue to increase ... although the increase is likely to be uneven. Unfortunately, people without access to healthcare, clean water and nutritious food, as well as those who continue bad habits such as smoking or alcohol and drug abuse, will not benefit from medical advances as much as others.

No one knows what the maximum possible lifespan could be.  However, there has been a great deal of longevity research in the past few years, including the study of the Blue Zones ... places in the world where people routinely live to be around 100 years old.  If you are interested in learning more about longevity or the Blue Zones, you may be interested in one of the books below:

 

If you are interested in learning more about health issues that could affect you as you age, the best places to retire, financial planning, family relationships, travel and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit: Morguefile.com

Source:

Reader's Digest, "Why Are You Not Dead Yet?" by Laura Helmuth, November, 2015, pg. 81.

http://www.slate.com/articles/health_and_science/science_of_longevity/2013/09/life_expectancy_history_public_health_and_medical_advances_that_lead_to.html

New Alzheimers Disease Research

Are you worried about developing Alzheimer's Disease?  You have good reason to be.  Currently, there are about 5.3 million people in the United States who have Alzheimer's.  By 2050, experts believe that there will be over 15 million people in the U.S. living with this dreadful disease.

Dr. Kenneth S. Kosik is a neurologist who has been researching Alzheimer's for the past 25 years, originally at Harvard Medical School and later at the University of California, Santa Barbara.  While he has not found a drug or technological treatment for the disease, he has discovered lifestyle behaviors that seem to dramatically reduce the risk.

Habits of People Who Have a Low Dementia Risk

1.  Physical activity lowers dementia risk.  You do not need to run a marathon to benefit.  Exercising three times a week for 15 to 30 minutes each time resulted in fewer cases of Alzheimer's disease, even for people who had the disease run in their family.

2.  Walk a mile a day.  People who walk six to nine miles a week have more gray matter in their brains.

3.  Dance!  Dancing not only provides physical activity, but it keeps you social.  Socializing and learning new steps are both good for your brain.

4.  Eat brain healthy foods ... leafy greens, vegetables, nuts, berries, beans, whole grains, fish, poultry, olive oil and wine.  Eating four servings of vegetables a day can cut your cognitive decline by 40 percent.

5.  Minimize unhealthy foods ... butter, margarine, red meat, cheese, sweets, desserts, fried food and fast food.

6.  Use brain healthy spices, especially curry and turmeric.  They contain the antioxidant curcumin, which can reduce the risk of Alzheimer's disease, cancer, arthritis and depression.

7.  Make friends and spend time with them.  As mentioned above, socializing is very important.  People who spend time with others had a 70 percent lower rate of cognitive decline over a 12 year period.

8  Take on mentally stimulating tasks.  Research shows that you can postpone dementia by nearly a decade by exercising your brain.  Here are some activities you could try:  read both fiction and non-fiction (especially new topics), play board games, practice a musical instrument, work on puzzles, draw, paint or sculpt.


How to Learn More about Reducing Alzheimer's Risk

Would you like to learn more about Dr. Kosik's research?  You can use this link to order his book "Outsmarting Alzheimer's" from Amazon.  It is available in both hardcover and paperback versions. You may also be interested in the other books on dementia shown below. They are well worth reading.


If you want to know more about common health issues as we age, where to retire, financial planning, family relationships and more, use the tabs or pull down menu at the top of the page to find links to hundreds of other helpful articles.

You are reading form the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com

Earn Extra Money from the Sharing Economy

Many Baby Boomers who reach retirement age are a bit short on money and long on energy.  They may not have saved as much money as would have been ideal, but they are still able to work, drive and travel.  Some of them have already discovered that they can turn their energy into extra retirement income through the sharing economy.

What is the Sharing Economy?

The sharing economy refers to our ability to "rent out" our assets, which include our homes, cars, skills and time.  The professional services firm PWC estimates that about one in five U.S. adults have been involved in the sharing economy as either a buyer or seller.  Many of the participants are over the age of 55.  PWC also calculates that the size of the sharing economy is approximately $15 billion currently and could grow to $335 billion by 2025.  This means that a large number of retirees will be able to enhance their retirement income this way.

Popular Services in the Sharing Economy

There are a number of well-known companies that allow people to become engaged in the sharing economy.  Here are  a few examples:

Airbnb - They operate a website that allows you to host guests in your home.  You can rent out a spare room or your entire home.  About 25 percent of the hosts in the United States are over the age of 50.  Many of them are empty-nesters with a spare bedroom and a need for extra income.  Some have found that it has enabled them to stay in their homes.  The typical host earns about $7,500 a year.  You do have to be careful, however, when you open your home to strangers.  Some people prefer to do it only when they are away.  Occasionally, people have returned to large messes or even significant damage to their home ... although this is not the norm.  The company says that this happens rarely and they provide liability insurance and damage coverage of up to $1 million.

Uber - This is a ride sharing service.  About 25 percent of the drivers are over the age of 50.  You must have a valid driver's license, car insurance, a clear driving record and be able to pass a background check.  You work when you want.  You can earn $18 to $24 an hour.  Drivers do not carry cash, which reduces their risk.

DogVacay - If you do not want to open your home to people, you may be more willing to host dogs, instead.  There are over 20,000 dog hosts in the U.S. and Canada and about one-third are over the age of 50.  The typical host earns about $1,000 a month, although some in rural areas can earn much more.  Hosts can choose the dogs they are willing to accept.  The company provides professional and liability insurance.  Payments are handled by the company, so hosts are not responsible for doing the collecting.

Fiverr - This company makes it easy for you to sell your professional or creative services, including graphic design and voice-overs.  Clients are charged at least $5 per job and the company keeps $1.  Obviously this means you only want to start out offering your services for tasks you can complete in 15 to 20 minutes.  However, the prices go up for custom orders and other extra services.  You need to be able to provide a service that is in demand and that can be performed over the internet.  I have known people who turned to Fiverr to get help with a variety of projects, including designs for book covers, ghost written articles and editing.

TaskRabbit - Taskers, as they are called, sell their time to others who need little jobs performed for them.  You earn $35 a hour, less 15 percent which the company keeps, to do anything from yard work, shopping, running errands, hanging pictures and assisting people in similar ways.  The taskers must be able to pass an identity and background check, since they are going into the private homes of the clients.

RelayRides - Do you have a car that you do not drive very often?  You can rent it out and earn extra cash.  The vehicle must have less than 100,000 miles on it and be worth less than $75,000.  The average active owner earns about $475 a month.  The company provides $1 million in insurance to cover damage to the vehicle.

Vayable -   Would you like to be a tour guide in your city?  This company matches tourists and local guides.  Retirees often have the time to give tours and frequently they are also the most knowledgeable about their community.  The company screens all guides and the meetings take place in public settings, which reduces your risk.  This can be a fun way to earn a little extra money, meet new people and have fun.  Guides set their own fee and the company keeps 15 percent.  Tourists also pay a 3 percent commission to the company.

Other Ways to Participate in the Sharing Economy

In addition to the above companies and similar ones, you may also participate in the sharing economy on your own.  If you decide to do this, you may want to only offer your services to people you know or who are recommended to you by reliable associates.  In addition, check with your city or county to see if you are required to have a license to provide any of these services.  You may also want to talk to your insurance agent about your need for additional liability insurance.

Below is a list of services you could consider:

Dog walking
House sitting
Home staging for Realtors and home sellers
Caring for exotic pets ... iguanas, parrots, snakes, etc.
Renting out your garage or basement for storage
Assisting the elderly in completing medical insurance claim forms
Personal bookkeeping
Running errands or driving for elderly or disabled neighbors

You may also have other talents or know of services that you could perform, such as taking family or wedding photographs, party planning, babysitting or assisting people in similar ways.

One woman I know rents out two bedrooms in her home to two women who have long commutes and just need an affordable place close to their job where they can sleep on Monday through Thursday nights. The women eat all their meals out; my friend simply provides them each with a bed and access to a bathroom.  She earns a little extra money and her house guests have a place to stay that is convenient and less expensive than a hotel.

Whatever you decide to do to earn extra money in the sharing economy, it can make a significant difference in your financial situation after retirement.


If you are interested in more information to help you with your retirement planning, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles on where to retire, financial planning, common medical issues, changing family relationships and more.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com

Delaware Retirement Ideas

The State of Delaware is the smallest in the United States.  Because of this, I was surprised to discover that there are two neighborhoods in Delaware that receive a large number of internet searches each year by people who are looking for a place to retire.

While neither of the communities in this article are age restricted, over-55 communities, both of them attract many buyers who are either retired or who plan to retire in the near future.

Since Delaware is not in the Sun Belt and is not known for having a mild, tropical climate, it is even more surprising that this tiny state should attract so much attention by retirees. People who wish to retire in the Northeast will certainly want to know more about these communities.

Advantages to Retiring in Delaware

Both of the communities mentioned in this article are located in the town of Bethany Beach, Delaware, along the coast of the Atlantic Ocean.  It is a popular resort area with three public golf courses within a five mile radius.

There are a number of advantages to living in Delaware.  For example, there are no state sales taxes and real estate taxes are low.  Social Security benefits are not taxed by the state.  Up to $12,500 worth of investment or other retirement income is exempt from state income taxes.  There is no state inheritance tax and no personal property tax.  Delaware has been named the most tax-friendly state for retirees by Kiplinger's Magazine.

The area along the coast of Delaware is ideal for those who enjoy golfing, bird watching, sailing, fishing, shopping or visiting museums and cultural events.  Delaware's beaches are among the cleanest in the country.

Waterside in Bethany Beach

Waterside is an unusually small community, considering it seems to attract so much attention.  It consists of just 80 homes ... 33 single family homes, 24 townhomes and 23 four-story Canal Woods townhomes.  All of the properties are condominiums.  Residents pay a quarterly assessment fee which takes care of the lawn care, grass mowing, plant mulching, and shrub trimming.  The fee also includes the maintenance of the buildings' exteriors, trash pickup, the maintenance of the community pool and snow removal in the winter.

The community is surrounded by gorgeous ponds, wetlands and the Assawoman Canal.  It a wonderful location for people who enjoy lush vegetation and the opportunity to see wildlife in a natural setting.

Although it seems secluded, it is actually quite near Bethany Beach and its delightful boardwalk where you can find a variety of shops and restaurants.  Residents are also within a short drive to several state parks, tax-free outlet stores, Rehoboth Beach and Ocean City, Maryland.  The community is within bicycling distance of the beach.

Home prices range from about $230,000 for three bedroom condos to approximately $600,000 for larger, single-family detached homes.  Most of the properties were built between 2003 and 2007.

You can find more information about this community at:

http://www.watersidecommunity.org/


Millville by the Sea in Bethany Beach

This charming community has its own lake for paddle boats, row boats and fishing.  Next to the lake is a new Lifestyle Center where residents can gather to enjoy entertainment and recreational activities.  There is also a clubhouse that contains its own pub, a dance studio, a fitness library and a Wellness Center with exercise equipment.  Residents can enjoy the community Crab Shack with screened pavilion and a swimming pool (including an area especially designed for kids).

This community is located near the beach and just four miles to the popular resort town of Bethany Beach.

New single family homes in the community with 3 or 4 bedrooms range in price from about $250,000 to $375,000.  Both one and two-story designs are available. 

You can find more information about this community at:

http://millvillebythesea.com/


Other Popular Retirement Areas

In addition to the two retirement communities listed below, there are other locations in Delaware that are popular with retirees.  Many people enjoy retiring to Rehoboth Beach, another resort town near Bethany Beach.  You may also want to check out the beach towns of Lewes, Georgetown and Bridgeville.

You can find the names and additional details about specific retirement communities at:

Delaware active adult communities



If you are interested in learning more about where to retire in the United States or overseas, medical issues that can arise in retirement, financial planning and changing family relationships, use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  morguefile.com