A lot of retirees, including yours truly, relocate after they retire. For their part, Laura Lee and her husband Mike retired to a beautiful, rural area in southern Colorado. But now they have begun to wonder if other retirees will follow them and risk ruining their patch of heaven.
You might say that about many areas of the country, for there are multitudes of Baby Boomers retiring these days -- reportedly 10,000 a day -- and many of them are relocating to places far and near.
B and I were at the Jersey Shore this past weekend, around Asbury Park and Manasquan. Nobody would call the Jersey Shore a "beautiful, rural area" (although those beaches are the best I've seen anywhere north of the Outer Banks).
Until a few years ago, Asbury Park was a depressed, rundown city. Now it's making a comeback as a hipster heaven. And as for Manasquan? We visited some people at an over-55 community, and they reported that retirees are flocking to the Jersey Shore from all around the Northeast, and over-55 communities are sprouting like pumpkins in the fall.
Most retirees are also focused on their finances, since we don't have anyone sending us a paycheck anymore. Rita Robison of The Survive and Thrive Boomer Guide offers us all a warning about our money: Wells Fargo to Pay $185 Million for Secretly Opening Accounts Consumers Never Wanted. Apparently Wells Fargo employees, spurred by aggressive sales goals, opened some 2 million accounts for customers without their permission, transferring funds from authorized accounts and racking up extra charges for consumers.
So be careful when you approach the counter at your friendly neighborhood financial institution. Bank robbery may be taking on a new meaning these days.
Robison issues another warning prompted by a phone call she received. Her granddaughter was on the line, and she said she'd been in a car accident. She sounded a little different -- but then, she'd been living overseas for several years. Then suddenly Robison realized what was going on. Ring up Grandparent Scammers Continue to Call to see how she concluded the conversation.
Kathy Gottberg has another issue to consider. "Shortly after my husband and I met in 1977 we opened our first business," she writes on Ten Benefits to Being an Entrepreneur at Any Age, "We named the beach nightclub we owned on the coast of North Carolina, Night Moves. Since then, except for a few painful months as employees, we founded several other businesses and fully embraced the entrepreneur lifestyle. Yet, I recently realized that the entrepreneurial approach isn’t mentioned much these days. What happened? Where did it go? And why aren’t more people embracing the many advantages that come from being self-employed?"
My answer is that a lot of us retirees have become entrepreneurs. We rent out rooms on airbnb (like our host rented to us on the Jersey Shore), or we sell our wares on Etsy, or (as in my case, and especially if we retire young) we continue to freelance or consult part-time in our old (or a new) profession. And we do reap many of the benefits she identifies, whether we appreciate it or not.
Another thing we all have in common is a warm feeling for nostalgia. This week Meryl Baer of Six Decades and Counting recalls that on a September day decades ago (Sept. 10, 1953 to be exact), a new food product was introduced. It revolutionized food preparation -- as well as what we ate and how we ate it. See if you remember this gastronomic gem in Recalling an Iconic Food Product. Hint: the product cost 98 cents at the time.
And just in case you have any violent reaction to the food product in question, fast forward to Heart-Mind-Soul to catch Carol Cassara's motto of the week, a feeling we can all use and share: "Don't worry, be happy." So see if Your Smile lights up a room. Then check to remind yourself how you really do want to be The Kind of Person you would like to meet.