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In each new issue of Top Active Adult Communities, we bring you new and established active adult communities from across the country. Not all of these developments are age-restricted - some of them attract singles and families - but many of them offer the amenities and lifestyle sought by retirees and empty-nesters.

 

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Shadowridge

1617 Live Oak Road, Vista, California 92081

(760) 438-0800 

Single family homes and condos

Priced from low- to mid-$200,000s

Age Restriction: All ages but popular with retirees

Web Site

Established community eight miles from the Pacific Ocean

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Sweetbriar

941 Mount Zion Rd., Lebanon, Pennsylvania 17046

(717) 639-4449

Single family homes

Priced from $225,000

Age Restriction:  55+

Web Site

First floor master bedroom, attached garage

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Sun Village

Surprise, Arizona 85374

(623) 640-8493

Single family homes, patio homes, condos

Priced from below-$100,000

Age Restriction:  55+

Web Site

Swimming pool, par-3 golf course

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Brunswick Forest

1007 Evangeline Drive, Leland, North Carolina  28451

(888) 342-1468

Single family homes and town homes

Priced from mid-$200,000s (current homes)

Age Restriction:   All ages but popular with baby boomers

Web Site

Resort-like community, golf, adjacent to shopping, miles of walking trails, creek access

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Artisan Lakes

33 Ropemaker Ct., Ponte Vedra, Florida 32081

(904)-758-0477

Single family homes

Priced from high-$200,000s

Age Restricted:  55+

Web Site

Gated community with pocket parks, zero entry pool with infinity edge

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Spending Habits of Retirees Revealed

One of the most difficult parts in Income Planning for our pre-retiree and retiree clients is all of the assumptions that need to be made to construct the plan. For example - how will spending change post-retirement from pre-retirement. One would think that spending would increase due to all of the "free time" that retirees early on in their retirement years discover. Travel, meals out, gifts for grandchildren and trips to see them, golf and other leisure activities would seem to take a larger and larger piece of the monthly income.

According to the Employee Benefit Research Institute (EBRI) - the studies are showing about half of the early retiree households spend just a little more than they spent during their working years. As time moves ahead the spending habits drop - which is understandable as folks age and become less mobile - generally speaking. Therefore an assumption that retiree spending increases dramatically during the early years of retirement seems not to be the case in the predominance of situations.

The patterns do not indicate that the income level has anything to do with spending habits as a percentage of monthly income. Meaning that one would think that the upper income level retirees would spend much more - as a percentage of their income - then say those that have modest monthly incomes. The data does not support that. It appears that retirees over the array of income levels spend a little more in the early years of retirement and that pattern tapers off as they age.

So you may ask then why is the Income Planning part of what we do for our clients so difficult? The challenge is that we need to make many various assumptions that are the heart of the outputted plan data. At best we are making an educated guesstimate. These assumptions include:

- Spending needs/habits

- Rate of inflation

- Rate of returns of various investments made

- Rate of increase in Social Security and Pension payments

- Assumed death of one (or both) spouses

- Planned major expenditures such as replacement of car and major home improvements

- Unanticipated healthcare expenses including Long Term Care expenses

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As we often share with our clients when they view the reports that we develop for them - these reports are 100% not accurate. If we start from that point then the reality comes into focus a little clearer. The process of Retirement Income Planning is at best an art - taking into account all of the various foreseen and unforeseen scenarios. However, most clients come out of the planning process with a clearer image of what their retirement income plan looks like - and they can plan for spending accordingly. Course correction can be accomplished throughout their retirement years as new information presents itself.

~For further information and more a more detailed look at the studies surrounding Retiree Spending Habits - go to the EBRI website - www.ebri.org - and review the study "Changes in Household Spending After Retirement." Now I invite you to visit my website and additional resources for Safe Investing Services: Safe Investing Services. Article Source: Ezines

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