BUSINESS NEWS
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Retirement Trends:
Hot Senior Communities
Previous-
New Adult Retirement Communities
Retirement for the 77 million baby-boomers entering their 60s will be an experience far different than previous generations.
This active group is not content to retire to the constraints of a nursing home. Instead, seniors are forming new retirement communities that reflect their interests, desires and needs. Redefining Retirement
Next: Communities & TrendsRetire In Style Guide
-
University Retirement Communities
For seniors who want to stay intellectually curious, universities are setting up retirement communities nearby. The programs started as a way to keep alumni involved, but they're appealing to a broader group. Cornell, Duke, University of Michigan, Penn State, and Stanford all have retiree populations.
Next: 'NORC'sRetire In Style Guide
-
Live in a 'NORC'
Sometimes so many seniors live in a building or neighborhood, it becomes a Naturally Occurring Retirement Community or "NORC" in industry parlance. Instead of forcing seniors out, the government brings services here. New York City has 28. About 50,000 seniors live in NORCs, and the Department of Housing and Urban Development plans to create more NORCs.
Next: Pet-FriendlyRetire In Style Guide
-
Pet-Friendly Retirement Communities
Seniors used to have to face a wrenching choice between getting the care they need and continuing to care for a pet. With the elevated place of pets in the family and research showing the medical benefits of having pets, many retirement communities are allowing dogs and cats to move in and using this as a sales point. Retirementhomes.com lets customers search by keyword.
Next: Age-RestrictedRetire In Style Guide
-
Age-Restricted Retirement Communities
No whipper-snappers! These gated communities or condos make sure that people who own or live there are at least a certain age. The age varies by community, some say 55, others 62. This kind of age discrimination became legal under the Housing for Older Persons Act of 1995.
Next: Golf Club RetirementsRetire In Style Guide
-
Golf Club Retirements
If your favorite place is the golf club, why not just live there. That's what more seniors are doing. Many traditional developers have special brands for seniors, often centered on a community golf course. These communities tend to be out in the exurbs and have lots of sprawling space.
Next: Activity-Oriented CommunitiesRetire In Style Guide
-
Activity-Oriented Communities
Not all seniors like to golf. Retirement communities are popping up that offer other kinds of leisure. Boating is popular everywhere. Oregon offers many independent living communities where people can hike and bike. One in Alabama boasts of hunting. A Connecticut facility has birding.
Next: Assisted LivingRetire In Style Guide
-
Assisted Living
Nine out of 10 Americans say they don't want to move when they retire, according to a 2006 report by AARP. They may be mentally fit, but need help with certain errands or need some medical attention. A geriatric-care manager assesses their changing needs and coordinates help.
Next: 'Half-Back' RetirementRetire In Style Guide
-
The 'Half-Back' Retirement
Many northerners retire to Florida only to find it too hot, clogged with traffic, too expensive and a cultural wasteland. But they don't want to go back to winters, so they go halfway back, retiring in the Carolinas, where both temperatures and property prices are milder.
Next: Urban RetirementRetire In Style Guide
-
Urban Retirement
A big suburban house and yard can be a hassle when you're older. So, some retirees who have the money and the cultural inclination are moving downtown. "They voluntarily give up their car," says the AARP's Ginzler, because it's much easier to walk anywhere they want to go.
Next: Gay Retirement CommunitiesRetire In Style Guide
-
Gay Retirement Communities
There are only a few, but the option is expected to get more popular as those who have been out their whole adult lives retire. Rainbow Vision has communities already open in Santa Fe and is coming soon to Palm Springs and the Bay Area. The Gay and Lesbian Association of Retiring Persons maintains a list.
Next: Retiring With the KidsRetire In Style Guide
-
Retiring With the Kids
For some this may be the only financially viable option. Some dread it; some relish the opportunity for a multi-generation household. A 2007 USAToday/ABC News Poll found that 8% of baby boomers say a parent lives with them and another 8% say their parents live with another relative.
Next: Retire in Latin AmericaRetire In Style Guide
-
Retire in Latin America
It's got the good weather of Florida, but a much cheaper cost of living. And it's a lot more adventurous than Daytona. Politically stable, Costa Rica has a thriving industry of recruiting American retirees. Thousands of Americans are spread throughout Mexico, Panama and the rest of the region.
Next: DIY Retirement CommunityRetire In Style Guide
-
DIY Retirement Community
The residents of the Beacon Hill neighborhood in Boston are serving as beacon to seniors around the country. In 2002 they formed a kind of senior services co-op. If you're over 50, you can pay and get help with household services, wellness and assisted living services, transportation and fun field trips. Cities around the country, including Washington D.C. are emulating their example.
Next: Vacation HomeRetire In Style Guide
-
Vacation Home Retirement
For baby-boomers, a second home often serves many purposes: they go there themselves for fun, but also rent it out to pay the mortgage and then hope to retire there someday. According to 2006 survey by the National Association of Realtors, 21% of people who buy a vacation home plan to move there eventually.
Next: Not Everyone Will RetireRetire In Style Guide
-
Forget Retirement!
Retirees return to work—either because they get bored or need the money. According to the May survey by the Bureau of Labor Statistics, 15.7% of those 65 and over are working and 7% of those 75 and over are employed. In a 2005 cross-cultural study, the AARP found that only 14% of Americans -- less than any other country surveyed -- planned to stop working completely in retirement.
Next: Money SpotlightsRetire In Style Guide
-
Get More From AOL Money & Finance:
Money Relaunches
Targeted Retirement Advice
Find a Money Coach
Share Your Money Concerns
Related Retirement Features
- Fresh Ideas for a Rich Retirement
These seven bold retirement strategies can help you supercharge your savings and realize your dreams.
- Extreme Makeover
What does it take to go from $83 in savings to having more than $150,000 in the retirement kitty in less than two years? It's a retirement regimen we can all follow.
- How to Stay Happy
For retiring couples, retirement lifestyle planning is as crucial as financial planning
- Retire Rich: Five Families Doing It Right
Want to retire rich? Check out Money Magazine's latest special on how to make it happen. Plus: Meet five families that are doing it right and see what they know about saving, spending and planning.
- Invest for a Payout
Saving and investing wisely is only half the challenge when it comes to ensuring a secure future. The second half is figuring out how to generate steady and reliable payout from an investment portfolio, without the risk of running out of money.
'Retire in Style' Series
As part of our special retirement series, we take a focused look at how to make sure your golden years become as bright and shiny as they can be.
What We Cover:
- Make Retiring a Reality
- Ideal Cities for Retirees
- Retire a Millionaire
- Retire Early or Else!
- Senior Living Trends