My Experience Moving to a Retirement Community

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.7 • 1.1K Ratings

🗓️ 1 May 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have you ever considered moving to a retirement community? With the freedom that retirement brings, many people begin to rethink their living arrangements.

On this episode, you’ll hear how Brad and his wife decided to move to a retirement community. Listen in to hear how they approached their decision, the research they put in on where to retire, and how they enjoy their new locale.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

A MINI CASE STUDY

[2:40] How Brad discovered The Villages
[10:55] What led them to explore 55+ communities
[13:10] How The Villages are organized
[20:35] How to explore places to move in retirement

LISTENER QUESTIONS

[23:50] Should we consider getting I-bonds in 2024
[29:50] Clarifying new catch-up rules in 2026
[32:27] Charlie’s comment on systems thinking
[36:18] Where to put taxes in your planning software
[38:41] A suggestion for the podcast

TODAY’S SMART SPRINT SEGMENT

[40:06] Think about where you are going to live in retirement

Resources Mentioned In This Episode

YouTube video - What You Should Know if You Inherited an IRA After January 1st, 2020

I Bonds

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

Click on a timestamp to play from that location

0:00.0	The show is a proud member of the Retirement Podcast Network.
0:05.6	Welcome to the show dedicated to helping you not just survive retirement,
0:10.5	but to have the confidence because you're doing the work to lean in and really rocket.
0:17.0	Hey there, Roger Whitney here. By day I'm a practicing retirement planner with over 30 years
0:26.8	experience, founder of Agile Retirement Management, and by night I have hung out with you on this show over the last 10 years
0:35.9	Noodling on how to
0:38.9	Really do a retirement planning right so we don't make it a job we make it a vehicle to go out and
0:44.4	live a great life. So today on the show we are going to do a many case study on
0:50.5	someone that moved to a retirement community in this case the villages
0:54.0	in Fort Worth. Brad and his spouse moved from Iowa down to the villages and he
0:59.6	gave me a four hour tour when I was down there and was willing to chat about the logic behind
1:05.2	their decision, the experience that they've had. So we're going to do that many case study.
1:08.9	In addition to that we're going to answer your questions on new catch-up rules for retirement plans and
1:14.0	26 where to put taxes in a plan should you still buy I bonds that question came in so
1:20.5	we'll do that as well. Last week on the show we answered a question related to the 10-year rule and inherited IRAs.
1:27.5	There were some relief given to people that weren't taking the distributions they were supposed to by the IRS.
1:34.4	And there were some gaps when it comes to the 10-year rule because it was answering a specific
1:38.5	question that is probably important to some of you.
1:41.8	So what I decided to do with along with my team Troy
1:45.1	Kim and Scott is build a mine map outlining the current state of rules ever
1:52.2	changing of inherited IRAs, including the 10-year rule, and I created
1:58.1	a video explanation on our YouTube channel, YouTube.com, forward slash retirement answerman. YouTube that you're trying to get answered. Maybe you can find your way given on that
	...

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