house is a home when it shelters the body and comforts the
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1. Consider moving to a less expensive area.
There are wonderful
small towns in
with low-cost housing. Sell the big house in the city,
bank the money, and scale down a bit. Meet new people, expand
your horizons. Investigate on the web. Start at
Then search on the web for info on the state and area where
the town is located. I have done this myself, and will be glad
to talk with anyone needing help about my process. Bob, New
Castle, PA firstname.lastname@example.org
in the world is Pennsylvania rapidly becoming a retirement mecca
in the north? Many Seniors have decided that the hot
south is not their cup of iced tea, and are looking for less
expensive areas in the northeast.
So why is the move
toward Pennsylvania? Is it
lower taxes, lower prices for housing, lower cost of living,
senior drug program, scenery, history, friendly folks, a
cultural and sporting buffet, or lower unemployment? Which is
it? Or is it all of the above?
|3. Go to
for information on
Great Retirement Housing on Less than a Shoestring
A Quality, but cheap, place to retire?
you entering retirement
fearing that you may not
be able to make ends meet?
You have a "little" equity in a home,
or "some" savings but are paying rent. Or no savings and are
paying rent. You know that you can't afford to stay in the
high-cost area where you have been, but don't know where to
One of our
volunteers faced the exact same situation, and
has created a special SeniorArk feature to show
you what he and his wife did about housing
as they entered retirement.. This section is
probably not for those with lots of options. It is
about going back to basics in housing in order to
survive in retirement. No, he doesn't live in a
van---down by the river. He lives in a nice home
in a wonderful community. This
article shows us that there are affordable
places for retirees to live for
around $50,000. .
Great Retirement Housing on Less than a Shoestring
Live golden years near campuses
Lloyd Huck, 83, a retired chairman of the board of Merck
& Co, lives on the campus of Penn State University, his
alma mater. He takes a class and enjoys football games
and theater. (Alan Wycheck/ Getty Images)
ranks 9th on magazine's list of 'smartest places to
ranked the Pittsburgh metropolitan area ninth in the
nation in its list of the smartest places to set down
roots, the magazine said yesterday. Affordability,
cultural and leisure activities, education options and
quality housing were major factors.
|7. Mortgage and
50 Smart Places to Live.
2006 "You told us your ideal city is fun, vibrant
and affordable. We found dozens that fit the bill."
Another Kiplinger article discusses the
Five Smartest Cities
Care Facilities by State (Arizona, California, Pennsylvania,
10. Don't miss the Business Week
"Where the Affordable Homes Are"
appears that Pennsylvania is rapidly becoming a favorite
Why Folks are
Retiring to Pennsylvania:
53 Great Pennsylvania Retirement Towns
Really cheap, and cool,
When looking for an affordable place to retire,
find out how
property is taxed. Learn what type of property is
taxed, what the tax rates are, and what the exemptions
are. For instance, Florida has no income tax, but in
addition to a high sales tax there is an intangible
personal property tax that taxes a person's investment
portfolio. So it might not be the cheapest place to
retire. Watch out for local income taxes. States can
levy income taxes either at the state, county, or city
level. See charts on
taxes by state. Also see the expanded section on
favorable to seniors in Pennsylvania.
consideration in finding an affordable place to retire
is housing. A good rule of thumb is to assume
your housing costs will probably consume at least 30
percent of your expenses. When looking for a cheap place
to retire, consider that even though most mortgages have
been paid off by retirement age, taxes and upkeep will
Inexpensive Small Town Gem for Retirees and
Reader submissions for inexpensive areas to retire.
See how your state ranks in taxes in the 2007
assessment done by the Bureau of Economic Analysis,
Census Bureau and Tax Foundation.
16. Article on the top ten
American cities for retirees, based on
Top American Cities for Seniors---Study, Bankers Life and Casualty
18. One more thing to put
into the equation when deciding where to retire. Survey
of top 25 US cities.
Least to Most Courteous drivers.
Most Livable Cities in
Rated Almanac has published its 2007 list of the
Cities in America"
While Americans used to travel south to enjoy the golden
years - and many still do, studies have shown an
ever-increasing number of retirees are moving back home.
Northward. Others, referred to as "half-backs" are
returning in the general direction whence they came -
but stop short in the middle. The University of Florida
has offered the term "temporary migration" to describe
this trend in a 2004 report on the matter. It turns out
that 89% of those who returned home from Florida within
six months had originally gone there for lifestyle
reasons. Younger families in their 40's tended to stay
Nine things to consider when choosing a new
22. Finding a new location
involves more than just a house. An independent federal
agency, the Corporation for National and Community
Service, has just published a list which ranks the 50
largest US cities by the number of "helping hands" in
the community. Read
U.S. Cities Have the Most Helping Hands?"
23. Check out the
invaluable U.S. Government
site for many a lot of information on a variety of
to Live and Play: 31 Adventure Towns"
20 States with no (only Pennsylvania) , or reduced
(19) , state income tax on
26. Forbes has just
published a review of the 10 most stable U.S. housing
markets in 2007.
10 Most Stable 2007 Housing
World's Cleanest Cities Forbes
28. AOL "Money and
Finance": December 26, 2007 Where are the 13
worst places to retire? Read the
After all those decades of stashing money away for
retirement, retirees should look for a place that will
not only make them happy, but also keep their nest egg
intact. Areas with a track record of slow, steady
economic growth and home price appreciation are ones
that will hold onto their value best. notes Walter
Molony, a spokesman for the National Association of
Realtors. These same places are also more likely to
rebound quickly when nationwide economic conditions
improve. www.SmartMoney.com discusses
7 Recession-Proof Cities Retirees Should Consider.
30. There is a lovely 4-bedroom
home in my neighborhood.
have banded together to rent, and share, this
substantial residence. Although I am not on the inside
to see for myself, it seems to work out quite well. I
would think you would need to have some good written
rules, and would need to select your housemates very
31. Forbes.com lists the top 7
States for Retirees from a perspective of being TAX
here they are.
32. Go to
and check out
Palm Bay, FL, if you have considered Florida.
Housing there has gone down by 50% in the last 2 years.
Watch out for harmful drywall produced in recent years
in China. There can be serious health risks from that
product. This SHOULD be revealed on each listing, but
ask the Realtor about it on any house you have serious
interest in buying.
If you want to
retire near or on a college campus, let Campus Continuum
know. The company, based in Newton, Mass., is conducting
a survey to determine the college campuses that would be
most attractive to prospective residents. The company
builds and operates university-based residential
communities for people 55 and older. To participate, go
www.campuscontinuum.com and click on “Consumer
34. A huge issue for those
who retire to a foreign country is that
coverage does not extend beyond U.S. borders.
You'll either have to return to the U.S. for any care or
budget to pay for care or insurance in your new home
away from home. Either way, it can be more expensive
than you bargained for.
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