IF you are one person who believes that Thoughtful Planning is NOT just about money - that retirement investing can be about “accounting” for happiness today and into the future, read on. Unrepentant living is allowed, and so is a deep-rooted enchantment with life- participation, collaboration, respect for equal status - regardless of age or physical ability. (There's an interesting survey about this- scroll down.)
THE PRACTICAL ART OF FORWARD PLANNING
Songbirds and the music of the wind playing in the trees can bring to mind the richness of another kind - the music of laughter of grandparents, kids and grandkids in concert.
6 Points - Start the Conversation with Quality of life at Center Stage
And one consideration pro sustainable excellence involves the decision of whether to sell your home and rent or opt for phased-in assisted living. (See Cost Analysis)
1. Profit will you earn if you decide to sell.
2.Cost comparison- costs higher, lower or the just about the same. (Be sure to account for security deposits, association fees and other costs that may accelerate as you age.)
3.Location. Location. Location. Does a pocket neighborhood or one close to grocery stores, doctors, friends and family members make sense to you?
4. Independent Living- the “control your own destiny factor:... .
5. Funds and Budgets- staying or moving decisions add up to conclusions about how to fund your future.
6. The “right” plan for transferring your home to your heirs.
The “Stay Put” Solution for Your Heirs
There are any number of choices when it comes to transferring title to your home to your heirs. But not all are tax-free. Here is one, but be warned- if you want it to come together comfortably, plan ahead.
If you plan to live in a forever home (age in place), and your estate is below the estate-tax exemption consider this strategy- STAY PUT! Upon your death, your home's tax basis will be stepped up to fair market value, says SmartMoney.com
“Thus you and your heirs will escape capital gains tax on your home's appreciation. And, because the value of your estate is below the estate tax exemption, your heirs will owe no federal estate tax. They are free to move into the house, or sell it and keep the cash tax-free. If they do move into the house, their tax basis for calculating the gain or loss on subsequent sales will be the home's fair market value at the time of your death.”
Many "boomers" are quick to value happiness in lifelong homes, with family and in nature holding top slots on their list of priorities.
Here’s an heirloom apple orchard, for instance. Can you imagine Grandpa about to climb the ladder?
How to Seek Real Benefits
This apple orchard really exists! And it (or another such intriguing possibility) could be part of our retirement investing plan.This
particular opportunity happens to be part of a multi-generational,
eco-friendly community where a retirement savings plan includes the
delectable notion of sustainable innovation. Imagine this: No
chemicals are used here. This is an organic orchard. The juice from the
apples is the kind of treat that makes you want to live right in the
People can choose to live among caring neighbors, sharing their inspiration and enthusiasm in a sustainable community.
Think about the savings when homes are powered by unleashing the renewable energy inherent in the land, the water, the wind and the sun, and a thoughtfully-planned neighborhood. Think about high-performance green-built homes designed with natural, non-toxic materials to be safe, healthy, and energy efficient, built to the highest green building standards.
6 value-added features
are choosing to include
in their retirement dwelling plans
Here, and on the pages that follow, The Sage Companion Project looks at possibilities-- picturing places to live a lifetime -
and the concept of comfortable,affordable housing - either co-housing, or within a natural community, or aging-in-place.
The spirit of independence is sure to find its way into creative retirement.
The "Senior Spirit" program in the Chicago area where approximately 1600 low-income adults, largely seniors, live in twenty-two subsidized housing residences owned or managed by Lifelink.
"Vie Montante" (Ascending Life), which started in France after World War II, has spread around the world and now claims some three hundred thousand participants. The movement supports the formation, within parishes and congregations, of small groups of seniors who meet regularly for prayer, fellowship, and study. Ascending Life, just now starting up in the United States, seeks to foster spirituality, sociality, and service among its participants.
Sunward Co-housing near Ann Arbor, MI.... A place "where lives are simplified, the earth is respected, diversity b welcomed, children play together in safety, and living in community with neighbors comes naturally."
Winslow Co-housing on Bainbridge Island near Seattle, WA ... Where residents aim to "a minimal impact on the earth and create a place in which all residents are equally valued as part of the community."
Ecovillage at Ithaca, NY Here, the goal is "to explore and model innovative approaches to ecological and social sustainability."
Earthaven Ecovillage near Asheville, NC.... Where residents are "dedicated to caring for people and the Earth by learning, living, and demonstrating a holistic, sustainable."
RESEARCH AND EDUCATION
The Pew Research Center Social and Demographic Trends article 'The Return of the Multi-Generational Family Household', March 18, 2010
Omega Institute for Holistic Studies www.omega-inst.org
Naropa Institute www.naropa.edu
Check out the link that follows...it will take you to a conversation-starter on some often unspoken elements of
Down-to-Earth Retirement Investing for Post 50 People
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