Tag Archives: Retirement Living

Retirement, Reviews, Travel, Videos, Views

Retirement: ’12 Countries With Low Cost Of Living’

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If you’re considering retirement abroad, you need information, and you need lots of it. But more than that, you need guidance on how to interpret that information. In many cases, you could decrease your monthly expenses, perhaps significantly, simply by relocating to a new country. Depending where in the world you choose to retire, you could enjoy big savings on housing, and other expenses. There are many tempting places in Europe, Latin America and Asia where you can live large on a small budget. You’ll also need to consider the visa application and residency process for moving to these countries. The countries mentioned in this video are some of the best option for retiring comfortably with low cost of living and access to healthcare. These countries are catching on quickly by attracting retirees with enticing retirement plans. So here are 12 Best countries to retire comfortably.

  1. Portugal
  2. Costa Rica
  3. Malaysia
  4. Ecuador
  5. Slovenia
  6. Thailand
  7. Greece
  8. Vietnam
  9. Mexico
  10. Philippines
  11. Uruguay
  12. Mauritius
Economics, Retirement, Senior Living, Videos

Retirement: How Monthly ‘Social Security’ Benefits Are Calculated (Video)

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Planning to save for retirement might not be a priority. Luckily, you’ll have some help from Social Security. Different salaries can drastically raise or lower your Social Security benefits. Here’s how much you can expect, based on six different salaries. The average Social Security check in 2020 is $1,503.  Figuring out how much you can expect every month when you retire depends on a few criteria.  The size of your payment will be based on income from your working years, the year you were born and the age when you decide to start receiving benefits. Luckily, CNBC did the math for a wide range of salaries, and we can estimate your future benefits if you make between $30,000 and $100,000 per year.  Remember: Social Security was not envisioned as your sole source of money for retirement, and the totals are always changing. Watch this video for a breakdown of how much you will get and how your monthly benefit will be calculated based on multiple different salaries. 

Living, Retirement, Travel, Videos

Mobile Lifestyle Video: The Rise Of Retirement-Age RV Nomad “Workcampers”

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The pandemic has spurred surges in camping and RV travel due to the need for social distancing and outdoor activity. But it’s not all fun and vacations: one group of Americans adopted a self-sufficient and nomadic lifestyle long ago, living full-time in motor homes and working seasonal jobs to support themselves as they travel the United States. Paul Solman reports on retirement-age “workampers.”

Homes, Retirement, Senior Living, Videos

Retirement: 53-Story “The Clare” Tower Sale Signals Booming “Senior Luxury Living” Sector In Chicago

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From a The Real Deal online article:

A unit at the Clare costs an average one-time entrance fee of $800,000 or so, along with around $5,500 monthly fees. The entrance fee is refunded when a resident dies or moves out. Entrance fees at a typical senior living facility is around $369,000.

The 53-story Clare tower on Chicago’s Magnificent Mile has sold for $105 million, a sign that luxury senior living facilities hold huge upside in today’s market.

Fundamental Advisors LP sold the luxury seniors-only tower for twice what the private equity firm paid for the 334-unit tower in 2012, according to the Wall Street Journal.

“The Clare” website 

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News, Old Age, Retirement

Retirement: Colleges Cater To Baby Boomers By Building On-Campus Living Facilities (WSJ)

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From a Wall Street Journal online article:

Mirabella Senior Living at Arizona State UniversityMirabella Senior Living at Arizona State UniversityMore schools are building or planning senior-living facilities on or near campus to cater to baby boomers who view college as a stimulating alternative to bingo at an archetypal retirement home. Some savor the pursuit of academic and cultural interests. Others are lured by the promise of interaction with younger students, for whom many hope to act as mentors.

It is the latest way for universities to profit from one of their greatest assets, land. Colleges have already taken advantage of this privilege by developing hotels and high-end student housing. Now, some see sales of upscale senior housing as the next step.

Lasell University, just west of Boston, built one of the first on-campus senior communities two decades ago. It requires members to take 450 hours of coursework or activities each year. Other programs have since sprouted up in places like the University of Michigan and Oberlin College in Ohio. Some communities are on campus; others are situated nearby and may have only a loose affiliation with the school. Many offer assisted living and nursing options.

To read more: https://www.wsj.com/articles/seniors-want-to-go-back-to-class-universities-want-to-sell-them-real-estate-11576751403

Homes, Retirement, Reviews

Elderly Housing Trends: “Almshouse” Movement In UK Urges “Sheltered, Independent Housing”

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From a The Guardian online article:

Ken Worpole AlmshouseA new almshouse  movement, advocated by some experts, builds on a way of living dating back to the 10th century. Almshouses provide sheltered but independent housing, often around a central courtyard, at affordable rents. Many offer social activities, on-site maintenance and – crucially – links with external groups.

The housing industry should “focus on building communities made up of homes for rent that will meet the needs of all demographics and not just the 25- to 35-year-olds whose faces often adorn modern development hoardings.”

(Ken) Worpole has been involved with the development of a new almshouse in Bermondsey, south London, for United St Saviour’s, a 500-year-old charity. Construction is due to begin next spring and completed by the autumn of 2021.

Read more from Ken Worpole: https://www.eur.nl/sites/corporate/files/2018-06/KW.Rotterdam.2017.pdf

The project, says Worpole, “seeks to actively retain longstanding entanglement of residents with the life of the neighbourhood, old friendships, local parks, libraries, shops and social activities. It is open to the world and still part of everyday life.”

The site of the new homes is on a busy high street, and designed to be accessible to the general public. A glass-fronted “community lounge” will be available to local groups.

To read more: https://www.theguardian.com/society/2019/oct/27/ageing-britain-housing-crisis-build-almshouses