fbpx

ideal-LIVING
Retirement Blog
Boomer News

Top 10 Myths About Retirement

retirement-myths_1“The times they are a-changin’.” I’m pretty sure Bob Dylan wasn’t talking about retirement when he sang these famous words, but he sure could have been. Retirement planning, including all of the non-financial aspects, needs to be done quite differently today.

Let’s take a look at the Top Ten Myths about retirement:

1. Choice is good. True up to a point, but too many choices are overwhelming. When there are almost limitless possibilities, such as choosing a place to relocate, people often go with the default, which is doing nothing-a case of “analysis paralysis.” Research shows that several high-quality choices not only make it easier to make a decision, but people are happier with the result. As an example, why are cruises so popular? Once you decide on an itinerary, your choices are narrowed but still very attractive-lodging, meals, entertainment, transportation and activities are at a manageable level. Cruisers can relax and enjoy the trip-the major decisions have already been made by the cruise experts.

2. Moving is too difficult. A 2010 Del Webb baby boomer survey found that more than one third of respondents plan to relocate, and half of them think they will move to another state. With 78 million boomers, that’s a lot of moving vans rumbling down the roads. Why do people choose to relocate? The top four reasons are: cost of living, access to preferred health care, cultural and recreational amenities and climate. Neighborhoods change, friends and adult children move away, suburban homes don’t have an environment that promotes healthy living (such as walking trails and sidewalks) and, as one woman stated who moved to a warm climate, “you don’t have to shovel heat.”

3. People are afraid of retirement. Not true at all. There is a lot of optimism about retirement and all it has to offer. A 2010 Ameriprise Financial/Harris Interactive Survey found that 74 percent of pre-retired women and 65 percent of pre-retired men felt “enthusiastic” about retirement.

retirement-myths_24. It’s mostly about the money. A recent study by Daniel Kahneman, a Nobel-winning behavioral economist, found that an income of above $75,000 a year, peoples’ feelings of day-to-day emotional well-being leveled off. The old adage about money not buying happiness is true… after you’ve reached an income of $75,000, that is. When Ameriprise asked people what was important to them in retirement, the top answers included deciding where to live, traveling, staying healthy, having meaningful or satisfying work and deciding what hobbies to pursue.

5. People will continue in their present job for many additional years. A majority of survey respondents indicate that they plan to continue working, but the statistics tell a different story. Looking at people under 64 years of age who retired, only 28 percent planned to do so, but 61 percent actually did retire. And, it wasn’t because those who retired were getting huge buy-outs or a massive inheritance (source: 2010 Employee Benefits Research Institute). So, it’s always good to have a Plan B and explore alternative options.

6. Most people will work in retirement. The majority of boomers say they will do some kind of work after leaving a primary career. However, reality collides with expectations-although 70 percent of boomers say they want to work in retirement, only 23 percent actually do (source: 2010 Employee Benefits Research Institute). The top two reasons given by respondents for working are to stay mentally engaged and to earn money (source: 2010 Sun Life Financial study). If you’re not able to find a job in retirement, it makes sense to plan for a retirement that costs less and that gives you something to wake up for each day.

retirement-myths_37. Men and women have similar goals. Both females and males rank travel near the top of their list of things to do when they retire. Yet, among couples, communication and planning are poor-for example, Fidelity Investments found that fewer than 50 percent of those polled agreed whether or not to try and work in retirement, only 15 percent felt the person who normally didn’t handle the finances could do so effectively if necessary and only 60 percent of couples agree on when they should retire. In fact, illness, a significant birthday, a layoff or a spouse’s retirement are common retirement triggers. Wouldn’t it be a good idea to plan ahead?

8. There’s no place like home. It’s frequently reported that people wish to “age in place.” True, but many of those who are surveyed are people who are 65 or older and have already relocated to a place where they now wish to stay. For example, Kevin (60) and Kathy C. (57) relocated to a master-planned community with tons of amenities, lots of social support, a favorable climate and proximity to good medical care and airports. Yes, they want to “age in place,” but the phrase is misleading, usually stated as though most people have lived for decades in the same home.

9. Playing it safe is good. “Do one thing every day that scares you.” “When you look back on your life, you’ll regret the things you didn’t do more than the ones you did.” These wise quotes from Eleanor Roosevelt and H. Jackson Brown, Jr. are supported by research. Neuroscientists have found that novelty and new experiences activate a number of brain systems and signal brain cells to grow and produce new connections. Let’s face it-the death rate is one per person, and today is the youngest you’ll ever be. Shouldn’t we make the most of our time?

10. There is no one-stop shopping for all my personal retirement needs. No longer true. How would you like to find out more about an innovative program that is effortless, fun, individualized and lets experts do the work to make your retirement the best and most satisfying it can be? Where you can “test-drive” your retirement at various desirable locations and address your retirement questions and concerns? If this is something that interests you, sign up for the free seminar, “Retirement Solutions for Changing Times” at www.livesouthshows.com/wisdom. Space is limited, so register now to ensure your spot.

Jan Cullinane is the co-author of The New Retirement: The Ultimate Guide to the Rest of Your Life; her new book about single women and retirement will be published in Fall 2011.

Wouldn’t It Be Great If I Could:
• Save a great deal of time and money choosing my ideal retirement location.
• Benefit from an expert guide to assist me through this journey called retirement.
• Test-drive possible retirement locations in amenity-filled communities.
• Transition to a satisfying retirement through a fun and educational experience.
• Enjoy one-stop shopping for all my retirement needs-relocation, travel, finances, volunteering, life-long learning, working and health.

Well, you can!
Go to www.livesouthshows.com/wisdom and sign up for the ‘edutaining’ free seminar: Retirement Solutions for Changing Times. Spaces are limited, so reserve your place right away.

Request Information from These Retirement Communities

K. Hovnanian's   Four Seasons at Ventana Lakes

K. Hovnanian's Four Seasons at Ventana Lakes

Peoria, Arizona

K. Hovnanian's ® Four Seasons at Ventana Lakes in Peoria, AZ, an active adult new home community for those 55+, will offer single-family new homes in an excellent Peoria location. There are multiple community centers including space for cards and games, a library, billiards, ping pong, quilting, crafts and a stage for programs, productions and concerts. The community features 4 pools and well as gorgeous lakes that are available for catch and release fishing. Several sports courts are available to residents including bocce, racquetball, shuffleboard, tennis, basketball, horseshoes, pickle ball and volleyball.
Read More...

AZ


Haig Point Club

Haig Point Club

Daufuskie Island, South Carolina

Haig Point is on a sea island and the lifestyle here is very special. It has the serenity and seclusion of a most idyllic, sea island life. But extraordinary privacy isn't the only thing you'll enjoy at Haig Point on Daufuskie Island
Read More...

SC


Home Towne Square

Home Towne Square

Ephrata, Pennsylvania

The 55+ community of Home Towne Square, by Landmark Homes, is situated near Ephrata, PA, about an hour from Philadelphia, in the charming Pennsylvania Dutch Country. Landmark Homes designed Home Towne Square to reflect the culture and tradition of the Dutch Country, including an Arts & Crafts homestyle.
Read More...

PA


River Bluffs

River Bluffs

Castle Hayne, North Carolina

Located just 10 minutes north of Downtown Wilmington, NC (by boat or car) sits River Bluffs, overlooking the North East Cape Fear River. Residents enjoy a serene community where they live and play. Together, residents and the neighborhood's developers have established over 30 clubs. The clubs include boating, kayaking, dancing & more!
Read More...

NC


Willow Valley Communities

Willow Valley Communities

Lancaster, Pennsylvania

Willow Valley Communities is recognized as a nationwide leader in innovative senior living. At the forefront are award-winning, stunning homes and apartments in over 90 different floor plans. The meticulously landscaped 210 acre campus is three miles outside of downtown Lancaster, PA. Willow Valley Communities offers inspiring programming and an impressive array of amenities, clubs, restaurants, and events.
Read More...

PA


K. Hovnanian’s Four Seasons at Belle Terre

K. Hovnanian’s Four Seasons at Belle Terre

Lewes, Delaware

Located in Lewes, DE,. Four Seasons at Belle Terre is a 55 Plus active lifestyle community featuring low-maintenance single family homes. Residents will enjoy a 6,000 sq. ft. clubhouse with outdoor pool, as well as a state-of-the-art fitness center, billiards room, game room, lounge and aerobics room. Step outside to enjoy an extensive trail system, fire pit, outdoor kitchen, pickle ball and bocce courts.
Read More...

DE


Latitude Margaritaville Hilton Head

Latitude Margaritaville Hilton Head

Hardeeville, South Carolina

Your Latitude! You've earned a life where every day feels like an escape. Find your paradise at Latitude Margaritaville, the 55-and-better lifestyle where fun and relaxation meet. Inspired by the legendary music and lifestyle of singer, songwriter and best-selling author Jimmy Buffett, this is where life rolls easy, neighbors are friends and the party never ends. Awesome recreation, FINtastic dining and entertainment will make the town center the place to be and just a golf cart ride away. Masterfully crafted new Latitude homes let you hang your hat where your heart is.
Read More...

SC


K. Hovnanian’s® Four Seasons at Baymont Farms

K. Hovnanian’s® Four Seasons at Baymont Farms

Middletown, Delaware

Enjoy the 55 plus active lifestyle community featuring low-maintenance single family homes. With an ideal location in Middletown, there is plenty of shopping and dining nearby to explore. But you will not need to leave the community to find your next adventure.
Read More...

DE


K. Hovnanian’s Four Seasons at Kent Island

K. Hovnanian’s Four Seasons at Kent Island

Chester, Maryland

Four Seasons at Kent Island is an active lifestyle community offering waterfront living with new single family homes and luxury elevator condominiums. Set along the banks of Chester River and Macum Creek, Kent Island offers stunning views and a wealth of outdoor recreation, from a canoe and kayak launch to in-community trail system, connected to the popular Cross Island Trail.
Read More...

MD


Cresswind at Victoria Gardens

Cresswind at Victoria Gardens

DeLand, Florida

Discover the distinct difference in active living, nestled within the scenic beauty of historic DeLand, Florida at Cresswind at Victoria Gardens. Cresswind at Victoria Gardens is the natural choice in a master planned community, tucked away from the hustle and bustle, yet centrally located with all the amenities to enjoy, near great shopping, dining, and entertainment. DeLand is home to one of the top Main Streets in America.
Read More...

FL


Wild Dunes

Wild Dunes

Charleston, South Carolina

Wild Dunes is one of the many communities we offer buyers representation in the Charleston area. The 55Plus Homes Group specializes in beach, golf, downtown and 55 plus active adult communities. From historic downtown Charleston to the Flowertown of Summerville to the beach communities such as Kiawah Island, let us help you find your ideal home today.
Read More...

SC


Port Ludlow

Port Ludlow

Port Ludlow, Washington

Port Ludlow is a resort-style community located on the shores of the Puget Sound, just a 30-minute ferry ride away from Seattle, Washington. Port Ludlow is close enough to the city, but far enough to enjoy an active and tranquil lifestyle. With views of the Olympic Mountains, a bustling social life, waterfront inn, and myriad of recreational amenities, the community has regularly been ranked as one of the top ten neighborhoods in the U.S.
Read More...

WA


Traditions of America at Southpointe

Traditions of America at Southpointe

Canonsburg, Pennslyvania

We're coming to YOU! Traditions of America is excited to bring the 55+ Live Better lifestyle to the South Hills of Pittsburgh. With downtown Pittsburgh only a short drive, Traditions of America at Southpointe is the prefect location near all that you will need!
Read More...

PA


Osprey Cove - Georgia Private Communities

Osprey Cove - Georgia Private Communities

Saint Marys, Georgia

Located just 21 minutes from Jacksonville, FL International airport, and just a 90 minute drive to Savannah, GA and St. Augustine, Osprey Cove is a constant recipient in the "Top 100 places to Retire." Kiplinger rated Georgia as the #3 in the Top 10 Tax Friendly states for Retirees. This plush coastal community boasts 665 homes. Home buyers in search of an active lifestyle are finding the right fit at Osprey Cove with private golf, tennis, boating and fishing available year round.
Read More...

GA


K. Hovnanian's  Four Seasons at Terra Lago - California Gated 55+ Communities

K. Hovnanian's Four Seasons at Terra Lago - California Gated 55+ Communities

Indio, California

Four Seasons at Terra Lago is an active lifestyle gated community for those 55 and better. Residents here enjoy the centerpiece of the community, The Lodge, a spectacular recreation facility that offers activities, events and fun gathering spaces.
Read More...

CA


Village Green - Active 55+ Resort

Village Green - Active 55+ Resort

St. Petersburg, Florida

Welcome to Village Green, where you'll find luxury living at an affordable price. Village Green is an active 55+ adult community with a wide selection of pre-owned homes from the $30's, a multi-million dollar clubhouse, a full-time Activities Director, friendly people, and the finest in resort amenities. Whether you're looking for the best value in retirement, or simply a place to live life a little easier near the water, you'll find it a Village Green. Visit us and see why so many of our residents say it's like being on vacation all year long.
Read More...

FL


Bella Vista - Arkansas Private Community

Bella Vista - Arkansas Private Community

Bella Vista, Arkansas

Bella Vista is a private 36,000-acre, Member-based recreational community in Northwest Arkansas offering seven golf courses, seven stocked private lakes, swimming pools, tennis courts, trails, parks, pavilions, recreation centers, a gun range, an RV Park and many other amenities. Bella Vista was recently ranked one of America's Top 10 Best Healthy Places to Retire by U.S. News & World Report and one of the Top 25 best places for affordable homes by CNNMoney.com and Money Magazine.
Read More...

AR


Celadon

Celadon

Beaufort, South Carolina

Located in SC's Lowcountry, a mere three miles from downtown Beaufort, this beautiful master-planned community allows you to focus on a simpler, happier, healthier life.
Read More...

SC


Sea Horse Ranch

Sea Horse Ranch

Sosua, Puerto Plata, Dominican Republic

Sea Horse Ranch is a luxury, oceanfront resort with private villas for rent and for sale. Located in Cabarete-Sosua on the north coast of the Dominican Republic, Sea Horse Ranch is a 20-minute drive from the international airport of Puerto Plata.
Read More...

DOM


Stonecroft Village

Stonecroft Village

Womelsdorf, Pennsylvania

The 55+ community of Stonecroft Village, set in the beautiful Tulpehocken Creek Valley of Berks County, PA, was designed with relaxation, natural beauty, and recreation in mind, to be enjoyed alongside neighbors 55 and over at a similar stage in life.
Read More...

PA


Grandview at Gateway

Grandview at Gateway

Jasper, Georgia

The full focus of Grandview is to create an environment not only to promote social interaction but also encourage physical activity, mental stimulation and just plain fun. Grandview at Gateway is located in the beautiful mountains of North Georgia and the first mountain city of Jasper, GA.
Read More...

GA


Flowers Plantation

Flowers Plantation

Clayton, North Carolina

This award-winning community in Johnston County is located minutes from Raleigh, but still very much away from the urban bustle. Flowers Plantation now features more than 40 unique neighborhood developments, over 10 miles of walking trails, 50 acres of lakes and two elementary schools.
Read More...

NC


Landfall - North Carolina Premier Gated Communities

Landfall - North Carolina Premier Gated Communities

Wilmington, North Carolina

Located within Wilmington, Landfall is North Carolina's most diverse and historically interesting coastal community. A distinctive property of over 2,000 acres with lakes, ponds and four miles fronting on the Intracoastal Waterway and Howe's Creek, Landfall is only five minutes from Wrightsville Beach and the Atlantic Ocean.
Read More...

NC


David Weekley Homes - Victory at Verrado

David Weekley Homes - Victory at Verrado

Buckeye, Arizona

David Weekley Homes has delivered the best in Design, Choice and Service for the past 40 years. As one of the largest privately-held builder, David Weekley Homes continues to build high-quality homes and offer open floor plans that suit the needs of any lifestyle.
Read More...

AZ


Del Webb Naples - Active Adult Florida Community

Del Webb Naples - Active Adult Florida Community

Ave Maria, Florida

Del Webb Naples is a 55+ active adult community located within the vibrant master-planned community of Ave Maria, near renowned Naples, Florida. Discover the world-class amenities, an 18-hole championship golf course, and extensive community events and social functions, providing an unparalleled lifestyle.
Read More...

FL


Rarity Bay

Rarity Bay

Vonore, Tennessee

Rarity Bay on Tellico Lake is an award-winning gated lakefront community that combines waterfront living with mountain views and amenities that include a country club, championship golf course, tennis and pickleball facilities, swimming pool, community docks, horseback riding, hiking trails, and more. Come be a part of it and make the majestic Smoky Mountains and serene, clear waters of Tellico Lake the backdrop for your vacation home, second residence or forever home.
Read More...

TN


Currahee Club

Currahee Club

Toccoa, Georgia

With 1,200 breathtaking acres, Currahee Club offers some of the finest real estate in North Georgia. The master-planned community features golf course, lake, and mountain homes on unique lots shaped by their natural surroundings. Visit us today, and enjoy the lifestyle you deserve...
Read More...

GA


Crossings at Sweetbriar

Crossings at Sweetbriar

Lebanon, Pennsylvania

Located in tranquil Lebanon, PA, with a vast expanse of scenic farmland to the north, and recreation, shopping, dining, and medical centers just to the south, Sweetbriar offers a relaxing lifestyle for adults 55 and over in a low cost of living area, yet with all the simple conveniences of life nearby.
Read More...

PA


Traditions of America at East Petersburg

Traditions of America at East Petersburg

East Petersburg, Pennslyvania

This active lifestyle community is situated in the best of both worlds: set amidst the picturesque, quintessential landscape of Lancaster County, East Petersburg residents will be surrounded by scenic countryside, meandering roads, and the sparkling Little Conestoga Creek, yet minutes from fabulous shopping, dining, world-class golf, and superior health care.
Read More...

PA


Palmas Del Sol East - Active 55+ Resort

Palmas Del Sol East - Active 55+ Resort

Apache Junction, Arizona

Luxury and affordability come together at Palmas Del Sol East. From the best in social and recreational activities to an impressive selection of quality manufactured homes from the $30s.
Read More...

AZ


Your Information Request for your selected properties



By submitting this form, you agree to allow ideal-LIVING.com to provide your contact information to the selected communities.
Share this with friends!
  •  
  •  
  •  
  •  
  •  

One thought on “Top 10 Myths About Retirement

  1. When I picked up your publication The New Retirement I was more than a bit surprised to see you did not recommend for those who can wait until 70 to collect social security. From my point of view Social Security should be thought of as a government annuity. Having a maximum inflation adjusted guaranteed income rather than worrying about whether you will get everything back before you die is far more important.
    You strongly suggested a bird in the hand is more important.

    I suspect you received feedback about about your view. Do you still maintain this position?

Comments are closed.