Age 55 Perks and Benefits

Surprising Greenville SC to Awesome Asheville NC

Surprising Greenville SC to Awesome Asheville NC

We took a great trip to Greenville in the Upcountry of South Carolina and then took a mini road trip up to Asheville NC with a couple of stops along the way. Next time you are looking for a 5 or 6 day getaway, this could be a great trip for you.

Driving up I-85 from our home in Atlanta, a brief stop at Chateau Elan, a winery – resort would be a good stop. It is right off Exit 126 in Braselton.

Hampton Inn Downtown Greenville
Hampton Inn Greenville

The drive up to Greenville is a pleasant drive of only a little over 2 hours. We stayed at the Hampton Inn Downtown at River Place  which has a great location on the Reedy River and next to Main Street and Falls Park on the Reedy. We parked our car and didn’t touch it until our departure. Continue reading “Surprising Greenville SC to Awesome Asheville NC”



Surprising Age 55 Benefits

Surprising Age 55 Benefits

The benefits accompanying that 55th birthday are many, and some of these benefits may surprise you. Advantages of becoming a “senior” can include perks in just about every area of life: finances, health, transportation and travel, everyday purchases, fun, and even education. Here are a few of those perks that you may not know about:

· Reduced insurance premiums: Although many insurance companies view “getting on in years” as an insurance risk, at the age of 55 you qualify to take the AARP Driver Safety course, which can earn you a discount on your annual premiums. This discount is even mandated by law in some states. Contact the AARP or AAA (if you are a member) regarding this program.

· Free legal advice (from a real lawyer!): As a member of AARP (you can join at age 50), you can take advantage of their legal program – if you have a legal question, there are attorneys from the AARP Legal Services Network in your area who will provide a half-hour of their time for a free consultation with members. There are also free legal helplines for seniors in the majority of states (check out www.legalhotline.org).

· Lower property taxes: Okay, this benefit does not apply to 55-year-olds; you are still far too young to enjoy it! The Senior Citizens’ Exemption actually applies to some lower-income individuals age 65 and over. If you are 65+ and your annual income is $29,000 or less, you may be able to shave up to 50% off of the property taxes you pay on your primary residence – whether levied by county, school district, or city.

· Free continuing education: Thanks to the Senior Citizens’ Higher Education Act, after age 55 you may be able to take credit-earning college courses without paying any tuition. This benefit is also income-based: your taxable income in the previous year cannot have exceeded $15,000 to get the free courses. Even those seniors with more income get some benefit, though: they can audit a credit-earning course – or take a non-credit course – free of tuition.

· Active Adult Community:  At age 55 you legally qualify to live in a 55 plus community or active adult community.

· Senior Center: Many senior centers or as some of them are called “active adult centers” have age 55 requirements. Before you laugh, you should check out today’s senior centers in your neighborhood.

This list is just the tip of the iceberg. There are also Silver Sneakers gym programs, prescription medication discounts, senior travel deals, and benefits at grocery stores, national parks, movie theatres, hotels, restaurants, and many other locations. These offers for 55+ customers may not be publicized, so you should check with the local Chamber of Commerce, or simply flash your ID at your favorite businesses and ask, and you may be amazed at how much you can save.

AARP Discounts
Senior Discounts
Grocery Store Discounts
Age 55 Perks and Discounts



Baby Boomer’s Housing Trends

We have observed these 10 Baby Boomer housing trends. Boomers are not doing as some expected in regards to their housing. Links in the items listed go to more details.

1. Many Baby Boomers love seasonal homes in resort locations. Living in a seasonal home for two to six months then returning to their primary home. Some seasonal homes are owned but many are short term rentals. Most seasonal homes are in warmer locations. Most are in resort locations including active adult communities.

2. One level living is a must because of potential mobility issues and safety concerns. This style is referred to as “ranch style” homes. Continue reading “Baby Boomer’s Housing Trends”



Boomers: What To Do While Visiting The Villages in Florida

Thousands of people visit The Villages in Florida each year, some staying with relatives, some visiting on the Lifestyle Preview Plan like we just did and many others renting a home in The Villages.

There is something to do everyday that every baby boomer will find fun.

Here are some 16 tips and places to visit during your stay at The Villages Florida.

1. Pick up a copy of The Villages Daily Sun newspaper, especially the Thursday edition with the Recreation News and schedule for the week.

Sumter Square The Villages
Sumter Square

2. Visit and walk around all three town squares,  Lake Sumter Landing which borders Lake Sumter and has a Florida seaport theme and is located centrally.  There is the original town square of Spanish Springs on the South side. The newest town square of Brownwood with a wild west theme is on the North side.  All three town squares are very walkable and have restaurants, shops and a movie theater. Also there is live entertainment in each square every night of the year!

town square
town square

Continue reading “Boomers: What To Do While Visiting The Villages in Florida”



Aging Boomers: Avoid These Downside Risks

These events that could threaten you when you are age 50+ reach across life domains ranging from financial, health, and relationships. No one can identify all the potential negative events that are to be avoided, but certainly some are more common and identifiable and can be avoided.

When we were young, it was all upside gain that appealed to you but as you age at a certain point you realize that you may have more to lose than gain.

The aging process can cause you to become more fragile to events that could cause you or someone else harm or even death.  Your choices help determine your exposure to risks.  Identifying these potential harmful events and avoiding them is smart.  You have more to lose than to gain by participating in some events.

These events that could threaten you when you are age 50+ reach across life domains ranging from financial, health, and relationships. No one can identify all the potential negative events that are to be avoided, but certainly some are more common and identifiable. Here are some items to consider. Continue reading “Aging Boomers: Avoid These Downside Risks”



The Certificate of Deposit (CD) is Still King

Regardless of the trend of recent decades toward greater sophistication in retirement savings, the certificate of deposit, or CD, is still king. The obvious advantage of the CD over traditional savings accounts is that they typically yield significantly higher interest; with the primary drawback being the commitment that one incurs to maintain the deposit for a specified period, usually from six months to five years.

Retirement Savings – Safety

With interest rates now rising, it may be the time to invest in a certificate of deposit ladder or US Treasury Bills.

In saving money, safety has always had an opportunity cost; that is, lower rates of return than for instruments incurring greater risk. In retirement, we don’t want to loose our savings, that is for sure.  So, how can we offer ourselves the greatest opportunity while we are obsessed more with the return OF our money than the return ON it? Continue reading “The Certificate of Deposit (CD) is Still King”