The decision to establish a second home rests primarily on cost. Therefore, a thorough understanding of your potential expenses is a must to know if you can afford to make such a move.
Buying and renting have different costs, but some second home costs are incurred by both owners and renters.
Motorcycling after retirement is becoming increasingly popular. The official website of the Bureau of Transportation reports that there has been a shift towards older motorcycle owners, with the median age of motorcyclists increasing from 27 to over 40 years old since 2003.
These statistics suggest that motorcycle enthusiasts often wait until they retire before exploring exciting destinations or going on a once-in-a-lifetime motorcycle camping trip to a scenic national park.
It is said that our priorities shift with age. In our second or third decade, we're often focused on getting pay raises and promotions, and we may restrict or cut out all vacation time from our lives. As we grow older, our focus shifts to having enriching life experiences, collecting memories, and improving the quality of life.
If you have a motorcycle in your garage that you've never had time to ride on freeways, different terrains, and scenic motorcycle roads, your retirement is the perfect opportunity to fulfill your dream trip.
This article focuses on five benefits that will convince you to take up motorcycling as a lifestyle after retirement.
Fractional Ownership is an emerging partial ownership model. The concept has gained popularity in the past two decades as companies have marketed vacation homes specifically to be sold as fractional ownership properties. Private parties can independently organize fractional ownership arrangements, but the latest marketplace buzz has arisen from commercial ventures.
First, a company will purchase properties or develop them from scratch. Then, a limited liability company (LLC) is formed based on each property, and shares are marketed. Each share represents the number of days/weeks annually the share owner can use the property. For example, if there are ten shares, each owner is entitled to five weeks per year at the property. (This assumes maintenance consumes two weeks per year when the property is unoccupied.) Owners can typically buy more than one share if desired. In this case, an owner of two shares could have rights for ten weeks annually.
As retirement age approaches, many seniors look forward to spending their summer months exploring new destinations and experiences. After years of hard work, retirement presents the perfect opportunity to travel and create new memories with loved ones. With so many incredible domestic U.S. cities to choose from, narrowing down the options can be a challenge. Fortunately, there are many cities that offer the perfect combination of natural beauty, cultural attractions, and relaxation for retirees seeking a memorable summer vacation.
Whether it's a road trip to a national park or a leisurely beach vacation, there's a destination out there for every type of retiree. In this article, we'll explore some of the best domestic U.S. cities for retirees to vacation in during the summer months, highlighting their unique features and attractions.
Many assume a second home means purchasing a house, condominium, or mobile/manufactured home. However, there are those who have long-term rentals that they call their second home.
Can you realistically consider a rental to be a second home? The answer is "yes!" Just as primary residence renter (e.g., houses or apartments) consider their abodes to be home, there is also the option of renting your second home.
When does a rental become a second home versus a vacation or other temporary arrangement?
Enthusiasm for second homes boomed during the COVID-19 pandemic due to the millions working remotely and low mortgage interest rates. While less favorable rates have cooled the market, many people continue to explore the prospect of a second home as:
Often, it's common that a combination of these reasons motivates interest in a second home.
If you're curious about the second home option, it's important to understand the details of what establishing a second home entails.
Traveling with an elderly relative or parent who has dementia can be both rewarding and challenging. While it can be a wonderful opportunity to create new memories and spend quality time together, it's important to be prepared and understand the unique needs of your loved one. With careful planning and preparation, you can make the trip a success and create lasting memories with your loved one.
This blog post will provide tips and considerations for traveling with a loved one with dementia. By following these tips, you can help make your trip with a loved one who has dementia a memorable and enjoyable experience.
With age, traveling can become more challenging, but it doesn't have to stop you from exploring new places and experiencing new things. Finding the right accommodation is an important part of planning a trip. Hotels are a popular option for many travelers, but they may not always be the best fit.
This blog post will explore alternative accommodation options that may cater to your specific traveling needs. Whether you're looking for something budget-friendly, comfortable, or unique, we'll help you find the perfect accommodation for your next adventure. In this post, we'll take a detailed look at the benefits of each of these options and help you make an informed decision when planning your next trip.
As noted in our recent post, Should I Move in Retirement?, there can be several triggers for considering a new home later in life.
Among these, a health situation could urgently drive the question of where to live into immediate focus.
If you find yourself in this situation, the first step is to thoroughly assess your condition and the implications for your living situation. Consulting with medical professionals and family is crucial in this assessment. The result should be a living plan that provides the best support for your healthcare needs.
The elements of the plan need to consider several questions.
As retirees, we often have more time and freedom to travel and explore new places. And while the summer months may be the most popular time to hit the road, the winter season can also offer many advantages for retirees who love to travel. With fewer crowds, lower prices, and beautiful winter landscapes, the winter can be an ideal time to visit some of the best cities in the United States.
Whether you're looking for warm weather and vibrant culture or mild temperatures and beautiful landscapes, there's a winter destination in the U.S. that's perfect for you. In this blog post, we'll highlight some of the best U.S. travel destinations for retirees in the winter and offer suggestions for things to see and do in each city. Happy travels!