When it comes to selecting a highly desirable retirement destination, Lesbian, Gay, Bisexual and Transgender (LGBT) people have a few additional criteria to consider than do most Americans. In addition to considerations such as low cost of living and low taxes, LGBT people tend to value cities with strong LGBT communities, higher levels of acceptance and the presence of non-discrimination laws.
Cities that are most famous for their prominent LGBT communities, such as New York City, San Francisco and Los Angeles, are also very expensive. LGBT baby boomers who want to stretch their retirement dollars farther would do well to consider these cities that offer lower cost of living, cheaper real estate and lighter tax burden, but still have thriving LGBT communities. These cities are excellent retirement choices for non-LGBT people as well, because cities where LGBT people enjoy greater acceptance tend to be more welcoming of all types of diverse people and offer plentiful art and cultural amenities.
During the early years of working, you probably viewed retirement as a far-off dream. As retirement looms closer, however, the thought of leaving behind the familiarity of work can raise questions about your readiness. As you are planning for your retirement, you might be asking yourself the following questions. Luckily, we have answers.
We talk about why I started Retire Fabulously!, my philosophy of approaching retirement as your own personal renaissance, a few of the special concerns that LGBT baby boomers face regarding retirement, and much more.
Among the most popular features of retirement websites are the articles and lists of top places to retire, domestically and internationally, which tempt you with new possibilities for exciting, exotic, yet affordable places you can live after you retire.
While it’s fun to imagine what living in those places would be like, most people don’t actually follow through. According to an AARP study on aging in place, nearly 90% of people over 65 want to stay in their home for as long as possible, and 80% believe that their current residence is where they will always live.
Just as there are good reasons to move after you retire, there are several compelling reasons to stay right where you are. You may love your current home and have a strong emotion connection to it. Perhaps you want to remain close to your network of family, friends, and support systems rather than start over with making new friends, learning a new area, and finding new doctors and other service providers. If you are planning to start a business, you will need the network you have built up over many years. Sometimes moving is not financially feasible. Or perhaps it boils down to inertia and it’s easiest just to stay put.
If you want to remain in your current home for the rest of your life, here are several considerations that will help you decide whether this is the best choice for you.
Volunteer vacations have grown in popularity over the past several decades. Today there are hundreds of opportunities to travel to nations around the globe and spend a week or two volunteering for a wide variety of good causes. While some volunteer vacations are designed for young people and families, there are many that are well-suited for retirees.
There are several benefits to a volunteer vacation. There is the rewarding feeling that comes from helping the environment, animals, or people who are less fortunate. Volunteer vacations offer you the opportunity to experience a local culture in a more authentic way than you possibly could by staying at a luxury resort and only seeing famous tourist landmarks. The organizations that offer these vacations handle the planning and logistics, so there are fewer arrangements to be made by you. And since you will travel and work in a small supervised group, you will meet and work with like-minded people in a safe environment.
But all volunteer vacations are not created equally. Here are eight essential tips that will help you select and prepare for a successful volunteer vacation.
In mid-January, I flew from Tampa to Havana on a trip that would introduce me to a country that has been off limits for me (and most Americans) for over 55 years. I participated in a one-week service program in Cuba with Global Volunteers, a non-profit, non-government organization (NGO) based in Minneapolis.
Along with 19 other volunteers ages 30-78, I spent a week on various work projects that included painting a fence at our base (the Cuba Council of Churches), spending time with seniors at a senior care center and working with students on English in an evening program. Another team did crocheting with a women's group for part of the day.
Every afternoon we had a few hours of free time. In the evening we all met for dinner at various locations suggested by our excellent team leader, Stephanie. The trip was a combination of helping our host community and a wonderful cultural learning experience for a group of Americans, most of whom had never been to Cuba.
Many people look forward to retirement. They expect to catch up on all their projects, get completely organized and do some traveling. A few months or a year later, they may be looking around for new things to do because they're getting bored in retirement. Aside from the tediousness of boredom, being retired can also be a risk factor for depression.
Here are 7 ways you can prevent boredom in retirement.
Hopefully, by the time you retire you will have saved a sufficient amount of money to be able to live comfortably and do the things you want to do. But if you are facing retirement with less money than you would prefer, don’t despair. It’s important to remember that there’s a lot more to enjoying a happy retirement and a happy life than simply saving enough money. True wealth and happiness come from many sources.
The number of senior citizens who are single, isolated, and who lack a support system to help them deal with health issues and day-to-day living activities has been increasing, prompting the geriatric care industry to coin the term “Elder Orphan.”
Many factors contribute to the increase in Elder Orphans. People are living longer. Marriage rates in the U.S. have been declining for several decades. More couples are choosing to remain childless, and those that do have children are having fewer of them. As mobility has increased, more families have become dispersed as children moved away from home to pursue careers or as parents retired to warmer locales.
These changing demographic trends are aligning to create a perfect storm for an increase in senior isolation and a greater need for a network of caregivers that comes from outside the family.
Here are seven steps you can take to ensure that you will be better prepared and receive the assistance you need when your ability to live independently decreases. If you have older family members and friends, you can encourage them to take these steps and offer to assist them if appropriate.