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Retiring to the City


Older Americans still move to beachfront communities or suburban condos when they retire, but increasingly they're headed downtown. If you're looking for an urban retirement, here's what to consider.


First, what amenities are most important to you? If you want to be able to walk to shops and restaurants, don’t choose a neighborhood on the edge of town. If you want to live near parks or a body of water, limit your search to those areas.


Second, how much home can you afford? Make a realistic estimate of your retirement income, not only in the first few years but throughout your life, and remember that some expenses – including healthcare – may rise as you grow older.


Finally, consider other amenities of particular interest to older Americans, including healthcare facilities, accessibility, recreational activities and the presence of other seniors.


This article from SeniorAdvice lists the top 10 large cities in America according to these and other measures.



Yoga's Popularity Soaring Among Older Americans and Men


Yoga is an ancient practice, dating back to fifth or sixth century B.C. But in recent years, it’s become one of the fastest-rising physical activities in the U.S. The number of yoga practitioners in the U.S. has almost doubled over the past four years, from 20 million in 2012 to nearly 37 million today, according to a recent study.


And you might be surprised to know who is especially keen on yoga now: 38% of regular practitioners are more than 50 years old – and more than a quarter of the practitioners are men.


Health experts say yoga can improve flexibility and strength and relieve stress, so it’s good news that more Americans are taking it up. And tens of millions more may try it this year, according to the survey. So brush up on your Warrior and Downward Facing Dog poses – your body will thank you for it.


Read about the survey at Yoga Alliance.



Teaching Your Child About Money


Every parent wants to leave a financial legacy for their child. One of the best ways to do that is through a well-designed financial plan that includes life insurance. But another, often overlooked, legacy to pass on to your kids is financial literacy. Teaching your children how to handle money will help them throughout their lives, including long after you’ve gone.


Experts say the best time to start is in childhood, when habits and skills become ingrained. Young children can start to learn about delayed gratification and self-control. At older ages, kids can learn how to save and how to spend responsibly. Teens can be taught about bank accounts, earning interest and staying out of debt. And the lessons can continue into young adulthood, when children move out of the house and start to deal with living expenses.



Read more at nerdwallet.



Prepping for the Empty Nest



August marks not only the dog days of summer but also a major turning point for some parents: their youngest child is about to go off the college, leaving them with the proverbial empty nest. It’s quite a transition. Financially, you may be able to cut back on living expenses – perhaps even downsizing to a smaller home. And emotionally, the end of 24/7 parenting can be surprisingly stressful. Family dynamics and routines in place for years are suddenly different.

What’s next? Experts say to focus on the positive impact: more free time, less responsibilities. The opportunities abound to embark on long-deferred projects or vacations, to volunteer for a favorite nonprofit, to resume “date night” with your spouse, to start a new hobby, to expand your active friendships. Remember: an empty nest is an opportunity, not just an absence.


Read more at the Atlanta Journal-Constitution.




Why It Was Easier For Your Parents to Retire


People are living longer than ever before, and right now, interest rates are historically low. Good news, right? Yes, but these factors also mean that you need a much larger nest egg to retire today than your parents didYou’ll need to generate retirement income for a longer period, and you can’t count on money-market, savings account or CD rates to generate much interest.


In fact, statistical analysis indicates that it’s almost half as difficult to live off the same amount of money, adjusted for inflation, than it would have been 25 years ago. That means younger workers should save more, and those nearing retirement or in it should engage in financial planning to ensure they’ll have enough retirement income to enjoy their golden years.



Read more at Marketwatch.



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