RetireCoast.com: Recent Episodes
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Improve the quality of life by making better decisions. Our podcast helps people make better decisions through information on important topics including retirement, real estate, investments, education, budgeting, and other life essentials.Our podcasts supplement our blog located at RetireCoast.Com with loads of additional information, photos, links, etc. We are here to help you make better life decisions.
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The provided text is an excerpt from a 2025 article titled "Tipflation in Restaurants: Why You’re Paying More and How to Push Back" published by RetireCoast, which focuses on financial literacy and retirement planning. The article defines "tipflation in restaurants" as the result of rising tip expectations, increased menu prices, and new point-of-sale (POS) technology that normalises higher tip percentages (20-30%), compared to the historical standard of 10-15%. It argues that this trend benefits servers—who now often have higher base wages and a new federal tax exemption on up to $25,000 in tips—but creates "tip fatigue" and resentment among customers whose wages have not kept pace. Finally, the source offers practical advice for consumers, such as using the "custom tip" option and calculating gratuity only on the pre-tax meal subtotal, to reclaim control over their spending and combat the system's inherent pressures.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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RetireCoast.com offers a comprehensive guide to understanding closing costs associated with buying a home. It breaks down various fees and expenses buyers can expect, from lender and title charges to government taxes and prepaid items, typically ranging from 2-5% of the purchase price. The article also explains the ALTA Combined Settlement Statement, a crucial document detailing financial transactions, and who typically pays for what between buyers and sellers. Furthermore, it discusses strategies for reducing closing costs and addresses common questions regarding property liens, emphasizing the importance of a title search and insurance for buyer protection.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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This comprehensive article explores the growing trend of farming after retirement, presenting it as a multifaceted opportunity for retirees. It details how small-scale farming can offer purpose, income streams, health benefits, and a legacy to future generations, outlining various models from lifestyle farms to business-focused operations on 5 to 20 acres. The text also provides practical advice on land selection, financial planning, business plans, and resources for aspiring senior farmers, emphasizing that prior experience is not necessary. Ultimately, the source promotes farming as a fulfilling and adaptable path for those seeking a meaningful second act in retirement.
Visit https://retirecoast.com/farming-after-retirement-business-or-lifestyle/ for the entire article, complete with calculators and tools to help you decide if farming is for you.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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This comprehensive guide from RetireCoast.com focuses on the multifaceted decision of mortgage refinancing, offering a detailed exploration of its benefits, drawbacks, and strategic applications. It explains five primary reasons to refinance, including lowering interest rates, adjusting loan terms, accessing home equity through a cash-out refinance, switching mortgage types (like from an ARM to a fixed-rate loan or FHA to conventional), and eliminating mortgage insurance (PMI/MIP). The article emphasizes the importance of calculating the break-even point to ensure financial viability and discusses refinancing costs and requirements, such as credit scores and seasoning periods. Finally, it provides generational perspectives for Gen-Xers, Millennials, and investors, highlighting how different life stages and financial goals influence refinancing decisions, ensuring readers understand if refinancing aligns with their personal circumstances.
Visit https://retirecoast.com/should-i-refinance-my-mortgage-2025-2026/ to read our full article and use the tools provided.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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We critique Airbnb's 2025 fee structure change, asserting it's a "bait and switch" that ultimately increases costs for guests and reduces income for hosts and property owners. Previously, guests paid a visible service fee, while hosts paid a small commission. The new system hides the service fee within the host's payout, leading hosts to raise nightly rates to offset their increased deductions, making it appear as if hosts are solely responsible for higher prices. The text analyzes the impact on guests, property owners, and property managers, highlighting potential issues like fewer listings and a decline in profitability for hosts. It also advocates for direct bookings and alternative platforms like VRBO as ways to avoid the new Airbnb charges and support local economies.
Read our companion article on RetireCoast.com
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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"The Ultimate Gen X Retirement Guide: Plan Smarter for Your Future" from RetireCoast.com, serves as a comprehensive resource for Generation X individuals, specifically those born between 1965 and 1980, offering detailed guidance on preparing for retirement. It addresses unique financial challenges faced by Gen X, such as limited savings time, rising healthcare costs, and the "Sandwich Generation" dilemma of supporting both aging parents and adult children. The guide provides actionable strategies for building retirement portfolios, maximizing Social Security and Medicare benefits, managing debt, and making informed housing and lifestyle choices. Furthermore, it covers essential estate planning and explores the concept of "second act" careers, offering practical advice and a 10-step action plan to help Gen X secure a fulfilling financial future.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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The Big Beautiful Bill and What It Means for Seniors, Social Security, Taxes, and Small Businesses
In this episode, we take a deep dive into the newly signed Big Beautiful Bill of 2025, a sweeping piece of legislation that will reshape retirement planning, taxation, and small business growth for years to come. If you’ve been wondering how this bill will affect your Social Security benefits, your retirement income, or the way you manage your small business, this conversation will give you the insights you need.
For seniors, we’ll cover what the bill means for Social Security adjustments, Medicare impacts, and retirement tax planning. Many retirees are asking whether their monthly checks will increase, decrease, or stay the same — we’ll break it down in plain language.
For small business owners and entrepreneurs, we’ll highlight the new tax thresholds, credits, and incentives designed to stimulate growth. You’ll learn how these provisions may create opportunities to expand, hire, and invest, as well as some of the challenges that may come with compliance.
Whether you’re a retiree trying to secure your financial future, a Gen X professional planning ahead, or a small business owner looking for clarity, this episode is packed with practical takeaways to help you navigate the changes ahead.
👉 Tune in now to stay informed and understand exactly how the Big Beautiful Bill will impact your money, your benefits, and your business.
Visit RetireCoast.com for more details on this and other finance-related topics.
Big Beautiful Bill 2025, seniors and Social Security, retirement tax changes, small business incentives, retirement planning, Gen X retirement, Medicare and seniors, Social Security benefits 2025, small business tax law, new tax thresholds, retirement income strategies, financial planning for seniors, small business growth opportunities.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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RetireCoast.com presents: "Cruisin the Coast 2025 Love Classic Cars, Be Here - RetireCoast.com" offers a comprehensive overview of Cruisin’ the Coast 2025, an annual classic car event held along the Mississippi Gulf Coast. It highlights the event as "America's Largest Block Party," detailing its week-long schedule from October 5-12, 2025, across multiple cities. The source describes various activities, including car shows, live entertainment, auctions, swap meets, and parades, emphasizing the nostalgic and social aspects that draw participants and spectators. Additionally, it provides practical information regarding accommodations and local attractions, showcasing the event's significant economic and cultural impact on the region.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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RetireCoast.Com offers comprehensive advice for seniors considering solar panel installation. It highlights that while solar can seem appealing, especially with offers of "free" panels, numerous factors warrant careful consideration for older individuals. The article stresses the importance of assessing age in relation to system payback periods, current electricity rates, the benefits of cash payment over financing, and long-term housing plans. Furthermore, it warns against dishonest sales tactics targeting seniors and details the crucial aspects of utility buyback programs, roof condition, and optimal light exposure. Our podcast also compares leasing versus purchasing solar systems, examining their implications for upfront costs, savings, incentives, maintenance, and property value, ultimately suggesting that owning a system in full is generally more financially advantageous.
Read our complete article about Solar Panels at RetireCoast.com by clicking HERE
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Another insightful lifestyle article from RetireCoast.com, focusing on how great schools have a positive impact on property values and overall community well-being, thereby contributing to an improved life for residents, even those without school-age children.
The article highlights several key ways that school quality significantly benefits individuals and communities:
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Impact on Property Values: A well-rated school district is identified as one of the strongest factors influencing real estate values. Homes in highly-rated school districts typically sell for 10-20% more than comparable homes in lower-rated districts. Research indicates that homebuyers are willing to pay a premium for homes in such districts, with some reports showing median list prices nearly 80% higher than surrounding county areas for homes near top-rated elementary schools. Investing in areas where schools are improving can also lead to tremendous returns over time, as property values tend to rise with growing demand. Even higher property taxes in well-funded districts, which contribute to better schools, can correspond with a 3% increase in property value for every additional £1,000 in annual property taxes.
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Increased Demand and Resale Value: Properties in areas with top-ranked schools often experience shorter times on the market and attract multiple offers, leading to stronger demand. This translates to better resale value for homeowners.
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Lower Crime Rates and Neighbourhood Stability: Good schools contribute to more stable communities, often leading to reduced crime rates. Data suggests an inverse relationship between crime rates and school performance, with well-performing schools tending to be in safer neighbourhoods. Areas with schools rated 7 or higher on a 10-point scale were found to have 30% lower crime rates than areas with schools rated 4 or lower. This creates a more pleasant and secure living environment.
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Stronger Economic Growth: Desirable schools attract businesses and professionals, which boosts the local economy. When schools provide career training in skilled trades, communities benefit economically through lower unemployment rates, higher local business productivity, stronger local spending, and fewer social assistance needs.
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Mississippi as a Case Study: The article points to Mississippi's recent educational improvement as a concrete example. Mississippi's 4th graders now rank number one nationally in both math and reading, according to the National Assessment of Educational Progress (NAEP) results. This surge in academic achievement has led to increasing property values in districts where these schools are located, as families seeking high-quality education move into these areas.
The article further
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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RetireCoast.com explores the growing trend of "unretirement," where older adults return to work or start businesses after initially retiring. It explains the reasons behind this shift, including financial needs and the desire for purpose and social interaction, and discusses the pros and cons of rejoining the workforce. The article offers business ideas suitable for unretired individuals and highlights the Mississippi Gulf Coast as a favourable location due to its affordability and business climate, also addressing how returning to work can impact Social Security and Medicare benefits.
Join us at RetireCoast.com for more information about this and similar topics.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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This emphasizes the advantages of buying a retirement home before you retire, citing benefits such as easier mortgage qualification due to steady income and the potential for better interest rates. It explores financial strategies for managing the purchase while still working, including using existing home equity or select retirement funds for a down payment. The article also considers whether to rent out the property before moving in and the importance of planning for the physical move and handling the existing property. Finally, it highlights the Mississippi Gulf Coast as a potentially affordable and desirable location for retirement, listing reasons like low property taxes and the absence of state tax on retirement income.
RetireCoast.com has produced this podcast based on an article at RetireCoast.com. We encourage you to visit our website and similar articles.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Welcome to "Echoes of Independence," where we delve into the pivotal moments that shaped our nation's history. I'm the publisher of RetireCoast, Bill Anderson, and today, we're turning back the pages to a day that resonated with the birth of a nation: July 8, 1776.
While July 4th marks the adoption of the Declaration of Independence, it was on July 8th that its powerful words first echoed through the streets of Philadelphia. Colonel John Nixon stood before a gathered crowd at the Pennsylvania State House—now known as Independence Hall—and read aloud the Declaration, igniting the spirit of liberty among everyday citizens.
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In this episode, we'll explore the significance of that first public reading, the atmosphere of Philadelphia on that historic day, and the legacy it left behind. We'll also discuss the role of the Liberty Bell and the celebrations that ensued, painting a vivid picture of a city—and a people—embracing a new identity.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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The Tax-Free Retirement Withdrawal Calculator on RetireCoast.com, designed to help retirees strategically access funds from tax-deferred accounts like Traditional IRAs and 401(k)s with minimal tax impact. The calculator utilizes the standard deduction and low tax brackets (specifically the 0% and 10% rates) to identify amounts that can be withdrawn tax-free or at a low rate. A key goal is to facilitate the gradual conversion of funds into a Roth IRA to benefit from tax-free growth and withdrawals in the future, also avoiding Required Minimum Distributions (RMDs). The source details how to use the calculator by inputting current income and explains the calculation process based on 2025 tax figures for married couples over 65. Ultimately, this strategy aims to create a more tax-efficient and secure retirement by optimizing withdrawals and leveraging the benefits of Roth IRAs.
Click here to reach our calculator
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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RetireCoast.Com emphasizes that the most valuable gift children can give their parents is achieving financial independence. It argues that self-sufficiency in adult children provides parents with peace of mind and freedom from worry, allowing them to enjoy their retirement without the burden of providing ongoing financial support. The article warns against the detrimental effects of enabling adult children, highlighting both the emotional and financial costs for parents and the long-term damage to the children themselves. It stresses the importance of teaching financial responsibility early through practical lessons and discusses the broader societal need for schools to prioritize financial literacy and skilled trades alongside traditional academic paths. Ultimately, the piece advocates for a legacy of independence and resilience passed down through generations, rather than material wealth.
Want a kid friendly budget sheet they can use right on the computer. Read our article on this same topic here
Check out almost 200 articles about improving your life and that of your family.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Learn how to trim your trees and shrubs the right way, what tools work best, and when to call a pro—based on the RetireCoast.com guide.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this episode, we dive deep into how recent tariffs on imported seafood—especially shrimp and swai from countries like Vietnam, Thailand, and China—are reshaping the American seafood industry.
We’ll explore how these tariffs are leveling the playing field for U.S. shrimpers and catfish farmers, increasing demand for wild-caught Gulf Coast seafood, and encouraging more consumers to buy local. You'll hear how pricing is shifting, what it means for coastal communities, and how domestic producers are stepping up in response.
Plus, we tackle tough questions: Do tariffs actually protect American jobs? What are the hidden costs to consumers? And can the U.S. seafood industry meet demand in a post-import world?
🎣 Whether you're a seafood lover, policy watcher, or just want to know where your dinner's really coming from, this episode will give you something to chew on.
👉 Learn more and read our latest seafood insights at RetireCoast.com.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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July 4, 2026, marks the 250th anniversary of the Declaration of Independence — a monumental milestone in American history. In this special episode, we explore the significance of the Semiquincentennial, how communities across the U.S. (especially along the Mississippi Gulf Coast) are preparing to celebrate, and what this moment means for Americans today.
We’ll reflect on the bold vision of the Founding Fathers, the price of independence, including the staggering statistic that 1 in every 100 Americans died during the Revolutionary War — and how this anniversary offers an opportunity to come together as a nation.
From fireworks and parades to deeper conversations about liberty and progress, join us as we commemorate 250 years of freedom, struggle, and the ongoing American story.
Listen to some facts that you may not have known about our country's founding.
👉 Visit RetireCoast.com for full event listings, travel ideas, and ways to participate in the celebration, especially if you plan to visit the Mississippi Gulf Coast for this once-in-a-generation occasion. Our page on the 250th Anniversary on July 4, 2026 will be constantly updated. You can find it here
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Are you thinking about becoming a real estate investor but don’t know where to start? In this episode, we walk you through the essentials of buying your first residential investment property. Learn how to set clear financial goals, understand the pros and cons of different property types, and discover tips for finding the right neighborhood and financing options. Whether you're leaning toward a single-family home or a multi-unit building, this episode offers the practical advice you need to make smart, confident decisions.
For a deeper dive into the topic and additional resources, visit RetireCoast.com, where you’ll find a full article and tools to help guide your investment journey. In the article, you will find the link to the analytical tool mentioned in this podcast.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this episode, we dive into the Veteran Entrepreneur Guide: How to Start a Business — a step-by-step resource created by a Veteran for Veterans. If you're transitioning from military service or simply ready to take the leap into business ownership, this episode will give you actionable advice to build your own path to success. From defining your mission to navigating financing options and understanding legal structures, we cover it all.
Whether you're launching a small side hustle, a full-scale enterprise, or something in between, this is the real-world guidance you've been waiting for.
What You’ll Learn in This Episode
- Why Veterans make great entrepreneurs
- How military skills translate into business success
- Key steps to start your business, from planning to launch
- Understanding business structures and choosing the right one
- Funding options tailored for Veterans
- Resources available for Veteran entrepreneurs
- Tips on building a strong network and support system
Resources Mentioned
- Veteran Entrepreneur Guide: How to Start a Business
- Small Business Administration (SBA) Veteran Programs
- Veterans Business Outreach Centers (VBOC)
- VA Business Resources
Action Steps for Listeners
- Download the Veteran Entrepreneur Guide: How to Start a Business
- Evaluate your business idea using your military experience
- Connect with local Veteran business resources
- Start building your business plan
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Share it with fellow entrepr
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this episode, we explore a rising job category you won’t find on LinkedIn — but it’s real, active, and in some cases, highly influential. From protests to political rallies, and corporate meetings to grassroots events, there's a growing demand for individuals willing to play a very specific role... for a paycheck.
We dive into:
- What motivates someone to take this kind of job
- Qualifications for these jobs
- Where you need to live
- How much you can earn
- Its a great way to get the adult kids out of the basement
If you've ever wondered how movements get hijacked or why some protests seem to spin out of control, this one’s for you.
Check out our blog site at: RetireCoast.com
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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n this episode, we explore the best retirement plans for entrepreneurs who start a business after retiring from their primary career. Just because you're launching a business later in life doesn't mean you should neglect your financial future. Whether you want to minimize taxes, maximize savings, or ensure a steady income in your golden years, we’ve got the insights you need to create a solid retirement plan.
What You’ll Learn in This Episode:
✅ Why retirement planning is still crucial for late-life entrepreneurs
✅ The best retirement account options for small business owners
✅ How tax benefits can help maximize your retirement savings
✅ Strategies for balancing business reinvestment and personal savings
✅ Common mistakes to avoid when planning for retirement as a business owner
Retirement Plan Options Covered:
1. Solo 401(k) – Ideal for self-employed individuals with no employees, allowing both employer and employee contributions.
2. SEP IRA – A flexible, tax-advantaged plan that allows you to contribute a percentage of your business income.
3. SIMPLE IRA – Great for small business owners with employees, offering easy setup and employer contributions.
4. Roth IRA – Provides tax-free withdrawals in retirement, making it a smart option for long-term planning.
5. Defined Benefit Plans – Best for business owners looking to contribute a significant amount to retirement savings.
Guest (If applicable):
[Guest Name] – [Guest Title & Credentials] will join us to share their expertise on structuring a retirement plan while running a business post-retirement.
Key Takeaways:
🔹 Start planning early, even if your business is just getting off the ground.
🔹 Take advantage of tax-advantaged retirement plans to reduce taxable income.
🔹 Balance reinvesting in your business with securing your financial future.
🔹 Seek advice from financial advisors to tailor a plan to your needs.
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart |
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Selling your home in the spring market can be challenging—especially in a buyer’s market like the Mississippi Gulf Coast, where inventory is high and multiple offers are rare. In this episode, we discuss the top 10 things you need to know when selecting a real estate agent and how to maximize your home’s sale potential in a competitive market.
What You’ll Learn in This Episode:
✅ How to identify an agent with experience in the Mississippi Gulf Coast market
✅ Why pricing strategy is more important than ever in a buyer’s market
✅ How negotiation skills make a difference when multiple offers are rare
✅ The role of marketing—including professional photography, social media, and networking
✅ Staging expectations—why lower-priced homes are often left vacant, while high-end homes may benefit from staging
✅ Why switching agents may not help if the core issue is pricing or market conditions
✅ Seller incentives that can help attract buyers, including closing cost assistance and interest rate buydowns
✅ Understanding commission structures and contract terms before signing with an agent
Key Takeaways:
🔹 Not all agents are created equal—look for experience, marketing expertise, and negotiation skills
🔹 Multiple offers are not common—but a smart pricing and marketing strategy can still get your home sold fast
🔹 Staging is a function of price—homes below the median price are rarely staged, while higher-end homes may be
🔹 Switching agents won’t magically sell your home—if your current agent is using all the right tools, reassess price and strategy
🔹 Seller incentives can make a big difference in a buyer’s market
Resources Mentioned in This Episode:
📌 Home Staging Tips for Sellers –
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart |
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Why do some businesses thrive while others struggle and eventually fail? In this episode, we break down the key factors that contribute to business success and the common pitfalls that lead to failure. Whether you're starting a business or looking to improve an existing one, these insights will help you navigate the challenges of entrepreneurship.
What You’ll Learn in This Episode:
✅ Top Reasons Businesses Succeed – From strong leadership to market demand
✅ Why Businesses Fail – The biggest mistakes entrepreneurs make
✅ Financial Management Tips – How to avoid cash flow issues
✅ The Role of Adaptability – Staying ahead in a changing market
✅ Practical Takeaways – Actionable steps to increase your chances of success
Key Takeaways:
🚀 Successful businesses have:
- A clear value proposition and strong market demand
- Effective leadership and decision-making
- Smart financial planning and cash flow management
- A focus on customer satisfaction and brand loyalty
- The ability to adapt and innovate in changing times
⚠️ Businesses that fail often struggle with:
- Poor financial management and lack of funding
- Weak or unclear business models
- Failure to keep up with industry trends
- Lack of leadership and strategic vision
- Ignoring customer feedback and market shifts
Mentioned in This Episode:
📌 The Best Articles about Business After Retirement
📌 StartingABusinessAfterRetirement.com
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Financ
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this episode, I share my personal journey of starting a business after retirement and how it all began with RetireCoast—a blog I created in anticipation of retiring. What started as a way to share insights on retirement planning and lifestyle soon evolved into new opportunities, leading me to build multiple enterprises post-retirement.
I’ll take you through my thought process, the challenges I faced, and how each step led to new ventures. This episode isn’t just my story—it’s about showing you how one idea can grow into something much bigger. If you’re thinking about starting a business after retirement, I’ll give you real-world insights and practical lessons from my own experience.
Tune in to hear how RetireCoast set the stage for my entrepreneurial journey, and how you, too, can turn your interests into a successful business after retirement!
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Share it with fellow entrepreneurs and leave us a review on your podcast player! Your support helps us bring more valuable insights to business owners like you
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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1. Introduction (00:00)
- Welcome and a brief introduction to the episode
- Overview of common financial challenges and why simplicity matters
- Introduction to the DOGE approach: a fun, memorable framework for financial organization
2. What is the DOGE Approach?
- Explanation of the DOGE acronym, with a focus on the unique "DOGE experience"
- How the approach helps individuals by encouraging a deep analysis of spending on everything—even that morning coffee
- Discuss how every expense, no matter how small, can reveal insights into your financial habits
- Tips on using this detailed spending analysis to spot trends, cut unnecessary costs, and optimize your budget
3. Step-by-Step Financial Organization
- Budgeting Basics:
- Creating a simple, realistic budget
- Tracking income and expenses effectively
- Setting Financial Goals:
- Prioritizing short-term and long-term goals
- Tips for building an emergency fund
- Streamlining Your Bills:
- Automating payments and consolidating accounts
- Reducing unnecessary expenses
4. Tools & Resources
- Recommended digital tools and apps for managing money
- Brief reviews of popular budgeting and tracking software
- Resources for further reading and learning about personal finance
5. Personal Journey: A Deep Dive into Spending
- Listen about how the author has personally gone through everything discussed in this episode
- An intimate look at how analyzing every detail—from major bills to that everyday cup of coffee—has improved his financial life
- Lessons learned, key takeaways, and actionable tips based on his experience
6. Wrap-Up & Final Thoughts
- Recap of the DOGE approach and its main components
- Encouragement to implement one new strategy this week
- Announcement of upcoming episodes and topics
- Call-to-action: subscribe, leave a review, and share your own success stories with us on social media
Connect with Us:
- Website: RetireCoast.com
Takeaway:
The DOGE approach isn’t just a method—it’s an experience that empowers you to scrutinize every spending detail. By examining even the smallest expense, like that daily coffee, you can uncover hidden savings, gain financial clarity, and transform your financial life.
Resources Mentioned:
- Budgeting apps (e.g., Simplifi)
- Articles on financial goal setting and automation
- The author's personal insights and success story for detailed inspiration
Enjoy the episode an
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Thinking about starting a business after retirement? It’s important to understand how Social Security benefits and tax planning play a role in your financial future.
In this short episode, we break down how starting a business can impact your Social Security payments and overall tax liability—essential insights for smart retirement planning.
This episode is part of our "Starting a Business After Retirement" series, available on both this podcast and at RetireCoast.com. For a deeper dive, stay tuned for our upcoming comprehensive article on tax considerations for retirees in business.
👉 Listen now and take control of your retirement business strategy!
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Share it with fellow entrepreneurs and leave us a review on your podcast player! Your support helps us bring more valuable insights to business owners like you
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Starting a business after retirement is an exciting journey, but how do you attract your first customers? In this episode, we dive into the best marketing strategies to help your new venture gain visibility and grow. From leveraging your network to digital marketing tactics, we cover practical, low-cost methods that work.
Whether you're looking to establish an online presence, use social media effectively, or tap into local marketing opportunities, this episode provides actionable insights to set you on the right path.
Want more in-depth guidance? Check out our blog series, Starting a Business After Retirement, at RetireCoast.com for step-by-step advice on launching and growing your post-retirement business.
Don't miss this episode—your new business deserves the best start!
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Share it with fellow entrepreneurs and leave us a review on your podcast player! Your support helps us bring more valuable insights to business owners like you
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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This is our 5th article in this series about Starting a Business After Retirement. Click on this and read the full article. The purpose of this article is to introduce a road map to the final stages of creating a new business after retirement to our guests and clients.
The steps referred to in the title include each of the things necessary to create a real legal business. From deciding on a name through registration with the state, licenses, insurance, marketing, etc. Every step is necessary to make sure that you are on solid ground with your new enterprise.
This podcast is backed up by an excellent article with the same title located at RetireCoast.com. At the end of each article is a button that takes you to our index with all of the currently published articles in this series.
Our goal is to help you succeed. With extensive experience in business formation, our author shares valuable insights that go beyond a typical blog post. Stay tuned for more in-depth articles on key topics like marketing, growth strategies, and more.
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Share it with fellow entrepreneurs and leave us a review on your podcast player! Your support helps us bring more valuable insights to business owners like you
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Are you considering a second career after retirement? Are you ready to embrace retirement entrepreneurship and create a new, fulfilling chapter in your life? Join the growing number of retirees who are launching successful businesses and turning lifelong passions into profitable ventures. In fact, more people over age 50 are starting businesses than younger Americans, proving that the golden years are the perfect time to reinvent yourself and pursue your dreams.
This ultimate guide to starting a business after retirement is designed to empower you with real-world experiences, proven strategies, and actionable steps for launching your own venture. Whether you’re looking to generate a second income, explore new career opportunities, or simply follow your passion, our comprehensive resource is your starting point for success in retirement entrepreneurship.
Why Consider a Business After Retirement?
- Financial Independence: Starting a business can create an additional revenue stream that supplements your retirement income.
- Pursuing Passion: Retirement is the perfect time to turn a hobby or passion into a thriving business.
- Flexible Lifestyle: Enjoy the freedom of working on your own schedule while still challenging yourself and staying active.
- Empowerment: Many retirees find that entrepreneurship revitalizes their sense of purpose and opens up a world of new opportunities.
What’s Inside This Guide?
In this detailed episode, we cover the entire concept of starting a business after retirement, drawing insights from our popular series "Starting a Business After Retirement" on RetireCoast.com. Here’s what you can expect:
- Expert Advice: Learn from those who have successfully navigated the transition to retirement entrepreneurship.
- Step-by-Step Strategies: From idea generation to creating a robust business plan, we break down the process into manageable steps.
- Real-World Examples: Discover inspiring stories of retirees who have turned their vision into reality.
- SEO-Optimized Tips: Gain insights into how to promote your new business online, improve your search engine visibility, and attract a wider audience.
Our first article, "The Ultimate Guide to Starting a Business After Retirement," offers an in-depth look at the process and is available by clicking on this link. For even more resources, visit our full series index page, where you can explore additional blog posts, case studies, and expert tips.
Dive Deeper Into Retirement Entrepreneurship
Listen and learn as we explore:
- The key considerations before launching a business after retirement
- How
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Many Babyboomers and successful Gen Xers are concerned that their adult children will not be prepared for retirement. The last thing that they want is for their adult children to receive a large inheritance and squander it.
This podcast explores creating a living trust that will become a retirement program for your adult children after you pass. Rather than all of your assets being distributed at your passing, they are held in a trust until your children are of retirement age.
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this episode, moderator Bill Anderson is joined by Attorney Tal Braddock to discuss the essentials of estate planning for both your family and business. They provide an overview of key estate planning elements, helping you understand how to protect your assets and secure your legacy.
This episode serves as a foundation for our upcoming deep dives into specific topics, such as trusts, wills, and business succession planning.
👉 Listen now to start building a strong estate plan for your future!
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Years ago, actually generations ago, workers knew one thing to be true. Their retirement was secure. They received either a pension (defined benefit plan), Social Security, or both.
We discuss how plans have changed and evolved or devolved depending on your perspective on the plans we have today. How important it is for people today to manage their own retirement. In the past, their employer made sure that there were funds available and that the contribution was 100% from the employer.
That only exists in a few places today which we discuss. Bill Anderson and Dick Anderson who have much experience with retirement plans discuss their own experiences.
Be sure to visit RetireCoast.com and check out similar articles.
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this eye-opening episode of the RetireCoast Podcast, we explore the lucrative opportunities in jobs that pay big dollars without requiring a college degree or the burden of student debt. From elevator repairers to commercial divers and wind turbine technicians, these careers offer high earning potential, job security, and minimal education costs.
We’ll discuss how parents can rethink the traditional "college-first" mindset, especially when it risks saddling their children with mountains of debt and uncertain career prospects. Instead, we’ll highlight practical paths to success, focusing on hands-on careers that promise stability and are less likely to be replaced by AI in the future.
Join us as we talk about the best options for long-term, high-paying careers that don't demand a diploma but do demand a strong work ethic. If you're a parent, a young adult, or just looking for a career pivot, this episode is packed with insights to help you make smart financial and career decisions.
Highlights:
- Why traditional college isn't the only path to a successful career.
- Real examples of jobs paying $100,000+ with little to no college education.
- The role of apprenticeships and vocational training in creating long-term stability.
- How these jobs are resistant to automation and AI displacement.
- A new perspective for parents guiding their children into adulthood without debt.
Tune in to learn why "dirty jobs" are now some of the smartest choices for a bright financial future.
Check out our website RetireCoast.com for more on this topic and others about retirement, investments and life.
Check out Mike Rowe's website MikeRowesWorksFoundation.
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Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
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💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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In this episode of the RetireCoast podcast, we dive into the pressing issue of skyrocketing auto and homeowners insurance rates. Why are costs rising so fast, and what can you do about it? We break it all down, offering actionable insights to help you navigate this challenging financial landscape.
Discover why auto insurance rates have surged, from rising repair costs to the growing frequency of claims, and explore proven strategies to reduce your premiums. Next, we tackle homeowners insurance, explaining the factors driving rate increases—including climate-related risks and property values—and share practical tips to slow the climb and find potential savings.
This episode pairs perfectly with the in-depth article on RetireCoast.com, where you’ll find even more details about these rising costs and smart ways to manage your policies. Check out other great resources and articles on our site, covering topics like retirement planning, personal finance, and building a sustainable future.
Tune in to get informed, take control of your insurance expenses, and make decisions that keep your budget on track. Visit RetireCoast.com for more valuable articles and tips!
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📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
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Share it with fellow entrepreneurs and leave us a review on your podcast player! Your support helps us bring more valuable insights to business owners like you
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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I paid off my house and wrote about it in Quora and at RetireCoast.com. Listen as you learn what it's like to pay off your house. And should you? The discussion includes pros and cons of paying off your house. Included are ideas about using that money you would pay off your house with for better returns.
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It’s free, and I’d love to connect with you there! Just go to RetireCoast.com or click the link in the show notes to sign up now."
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
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Buying that expensive latte every day is symptomatic of excess spending by many who can not afford it. This podcast discusses spending patterns that help increase credit card debt and prohibit people from achieving financial independence.
It's hits the spot about specific areas of spending that many just don't think about. Learn where you can reduce spending without changing your lifestyle.
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast
🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
Inflation is not going away anytime soon. Your government continues to spend and offer tax deductions. Something has to give and that's your lifestyle. It is time to look at your spending habits and what you really need.
The author went through this exercise and found lots of waste in areas that were not obvious. Listen as he goes into things you should pay attention to.
Read more about this topic at https://RetireCoast.com
Having difficulty paying your mortgage payment or will in the near future? Don't let your house go into foreclosure there are many options available to you. We dive into ways people with income can work out plans to keep their homes.
Individuals who have lost their income still have options to avoid a foreclosure and prevent their credit from deteriorating. You may have equity in your home and need to find a way to get it out.
You may feel depressed and are ignoring those notices from your creditors. Stop! listen to this podcast and learn how you can take charge of your life.
Read a companion article to be posted on RetireCoast.com titled Stop that foreclosure now with our best tips to be published 9-24-24.
Don't buy a condo before listening to this podcast. If you buy that perfect condo without diving into reserve study and assessments, you could find yourself in big trouble. Many people have walked away from their condos because very large assessments have been required to complete deferred maintenance on their properties.
The large condo complex that collapsed in Florida is a great example of a building that was falling apart and the HOA did not manage the property by accruing funds every month for eventual maintenance. The result, the building was destroyed and people died.
Learn more about what you should do before you sign up to buy your condo.
Please visit our website at https://retirecoast.com to read more about this and other topics relating to property, retirement and investment.
Do you like paying less to the federal government in taxes? If you answered yes then you better get to planning now. Effective at the end of this year those great lower tax rates and high standard deductions will become a thing of the past.
Congress has not reauthorized the tax benefits and with the election this year, they may not get to it. Listen as we discuss how much those reductions have benefited you and what you can do right now to take advantage before the end of the year.
Please visit our website to read about tax planning and personal finances.
https://retirecoast.com
Learn about the changes in the vacation home market in 2024 and for 2025 vs the past few years. How COVID changed the market and income streams for vacation rental properties. How to take advantage of the current and near-future volume of vacation homes coming to the market at reduced prices, fully furnished.
Visit our website at https://retirecoast.com
Have you thought that you can deduct all losses from your residential rental property in the year when they occurred ? You probably can't. There can be a time in the future when you can benefit from losses but it depends on several factors which we cover in this podcast.
Learn more on this topic at our website RetireCoast.com
Seniors get a large break on their tax liability thanks to a change in the law. The standard deduction is very high and the tax tables are lower.
Listen as we discuss some benefits to Seniors and how many will pay no federal taxes. Visit our companion blog articles including: Seniors Income Tax 2023 Deductions and how to File Now and Seniors and Retirees Planning Income Tax Strategies for 2024
As always, listen to our podcasts and read our blog articles located at RetireCoast.com
Just turned 72, consider something new. You must start paying back the taxes that you have deferred over the years. There is no truly free lunch as some would say. What the government giveth the government takes away.
The IRS has a table that tells you how long you are likely to live a your age. They also tell you how to determine the amount they want each year which is based upon your age and the total in your funds. The mandatory distribution only affects funds that were not taxed when earned. IRA, SEP IRA, 401(k) etc.
This podcast discusses what this is all about and who must comply, when, and how. It also recommends that you visit our website RetireCoast.com and read our articles about filing your Senior 1040 form and another article about tax planning
Large trees near your house can destroy your sewer system, sidewalks, driveways, and your house foundation.
Repair costs from tree root damage can be terrific. You can prevent this from happening if you take action now. Also, when you plant a new tree, there is a method to contain its future roots. Listen to our podcast about this topic that affects many homeowners and can save you money.
Read our blog articles at Https://retirecoast.com we have dozens of articles that are designed to help you improve the quality of your life.
No need to travel to New Orleans for Mardi Gras. You can see it all here on the Mississippi Gulf Coast every year. More than 20 parades are scheduled in all of the Coast cities from 12th Night (12 days after Christmas) through Fat Tuesday (the day before Ash Wednesday).
Listen to our podcast then visit our website to see the latest about Mardi Gras including the parade schedule here
Visit our website to read some of our many blog articles about the Mississippi Gulf Coast, retirement, personal finance and more.
Do you want a judge or attorneys to decide what happens to your assets when you pass? Your survivors may have no choice unless you take action now to create an estate plan. Wow, "estate". This does not mean you are rich, anything you own after passing is called an estate.
Even if all you have is money in the bank when you pass, it's your money and you should decide in advance who gets it. With proper planning, you can make sure your wishes are fulfilled.
Estate planning involves a will, trust, advanced health care directive, and more. Learn in this podcast what those key elements are and how they are used.
Want more information about setting up an estate planning portfolio, contact Gerald Braddock Attorney at Law
Visit our website at RetireCoast.com and learn more about this and similar topics
Wondering what the biggest expense is? Listen to this podcast and find out. Learn how to manage expenses preparing for retirement. What is the second largest expense?
The more you know, the better you're planning for retirement. Please visit our website at https://retirecoast.com and read more about retirement and life style.
The month of November is jam-packed with events. The Mississippi Gulf Coast is famous for its many cultural events held on a continuous basis. Every city on the Mississippi Gulf Coast hosts a large variety of events during the year but November is one of the most popular months due in part to the mild weather and the fact that winter has already set up in the Northern states and Canada.
Listen while we take you through just some of the events that occur in November. Visit our website at RetireCoast.com https://retirecoast.com read about other large events and add them to your calendar for the future.
The tax act of 2017 provided some gifts for small business. One is specifically for pass through businesses that are LLC's or Subchapter S corporations. Members of an LLC and partners of the Subchapter S can receive a share of up to $20,000 in a tax deduction.
Listen while we tell you who qualifies for this significant deduction which can make a big difference in your bottom line.
Visit RetireCoast.com website to read more about this topic and others.
That's right. All of those benefits including lower taxes that came from the 2017 changes to the federal tax code are scheduled to revert back at the end of 2025. Unless, congress and the president do something about it.
That doubling of the standard deduction, it will go away. The lowering of tax brackets, back to the old higher tax brackets and much more. Benefits for small business will be gone.
Assuming that our dysfunctional government will not rise to the challenge, you need to take some actions with your CPA and financial advisor to put your financial house in order. There are things you can do to minimize the impact of the roll back. Listen as we discuss the topic.
Please visit our blog site at RetireCoast.com to read more about this and other topics in the areas of financial health, retirement real estate and more.
Everyone wanted to own a vacation rental property a few years ago. The new trend is to put that property on the market while you still have some equity to save. Listen while we discuss the overall vacation/short-term rental market and what is going on now and how the future is shaping up.
There are options if you purchased a vacation rental property and your income has dropped 50% or more. Don't just sit there and worry, take action. This podcast can help you understand what to do.
Please visit our blog site at RetireCoast.com and read about this topic and more about personal finance, wealth building and retirement among many topics.
There is no need to pay more in income taxes than is absolutely necessary. Good planning can avoid paying any federal income taxes on your 401k withdrawals or at worst, paying a much lower percentage.
Retired persons earn lower income and much of Social Security income is not taxable. This allows retired persons to earn more meaning add to your earnings deductions from your 401k. Listen as we discuss how to drain that 401k and pay as little in federal income tax as possible.
Please visit RetireCoast.com to learn more about retirement, personal finance and life stuff.
Have you thought about what you would do when you retire? How about making some money on your own schedule? This podcast explores just three examples of small businesses that can be created with little capital. Basically your knowledge and effort.
We explore the whole idea of having fun, making money, and still not giving up on your retirement dreams. It's about keeping your mind busy.
Please visit our website RetireCoast.com and read some of our articles about starting small businesses in retirement. Read this article https://keyladder.com/best-free-guide-to-your-vacation-rental-cleaning-business/ about starting a vacation rental cleaning business. Even if you are not interested you will learn what's necessary to start a small business. Check back on our podcast, there will be more on this topic.
A little patriotic talk about how we got here. Those 58 men who signed the Declaration of Independence in 1776 and the millions of people trying to get into this country as a result of what they created.
It's time that we recognize how we got here and that we owe those 58 men and the thousands of men and women who sacrificed in various wars to keep us safe and protect the idea that was started in the 1700s.
The Mississippi Gulf Coast has many Independence Day events, most cities and many non-profits join in to provide fireworks, music, and fun.
Read our complete article on this topic RetireCoast.com titled: Best July 4th Guide to the Mississippi Gulf Coast
Two reasons to avoid buying a new RV. First, most new RVs need to spend time in the shop within the first year or two of purchase. In some cases, lots of time in the shop. Second, you can save a considerable sum by buying a low-mileage used RV.
Take it from someone who knows, resist the urge to buy that new RV. The last thing you want is to take a vacation and have things go wrong. A used RV will generally have had all of the issues repaired.
Want to know more, listen to this podcast from a person who has been there and done that.
Visit our website and read our articles at RetireCoast.Com
Buy that Sams Club fishing shirt instead of the brand name at twice the price. Why would you do that? This is a step towards planning for retirement. The time when just because you can buy the more expensive shirt maybe you don't. Put the difference in your retirement account.
Just because you have a great salary and can buy that BMW, why not buy the Buick or Chevrolet? Either vehicle will get you from point A to B. Both look nice but one is substantially less expensive. Another contribution is your retirement fund.
It may be a time in your life to consider what you need rather than what you want. This is not to say you never buy what you want but it's a transition period. That Sams Club shirt is nice, it does the job but it does not have the name brand label. Perhaps you no longer have to consider what your friends and neighbors will think if you buy a Ford rather than a Mercedes.
This is how the discipline of retirement planning starts. Listen to this podcast and visit our website to read more about retirement at RetireCoast.com Read our series on Generation X 20 Years to Retirement
You have about 20 years to retire. No need to worry as long as you start the planning process now. Our series on Generation X 20 Years to Retirement will help you. Our budget planning tool is a key element in this series.
This episode discusses the importance of accurate planning to include your expenses and income. You will probably need to start making some living adjustments now if the numbers do not match. If they do, great.
Please visit our website RetireCoast.com to read our blog articles on various aspects of Gen-X retirement.
Your 401(k) plan is under assault by those whose political agenda is not aligned with your best interests. 401(k) plans are designed to be the bedrock of retirement security. Investments should be the best and safest available.
A big push by progressives to achieve their social and green agenda is to deprive companies of funds to invest and grow. They want to divert your 401(k) funds to other investments that will cost more and yield less.
This podcast is supported by an extensive blog article on the topic. You must learn about this insidious effort to undermine your retirement security. Please visit our website at:
RetireCoast.com
Learn how to avoid the mistake that millions have made, robbing your future self. Listen as we discuss the reasons why using your 401(k) plan as a piggy bank is a terrible idea.
This podcast supports an in-depth article posted on RetireCoast.com with the same title. This is one of many articles on retirement providing information that is not generally known or understood.
Please visit our blog site RetireCoast.com and learn more.
Did you know that there is a new IRS form just for seniors? This form will simplify your filing, you probably do not need professional help anymore. The 2017 tax laws changed dramatically making it easier to file.
Listen as we explain the new process. Visit our Utube site RetireCoast.com and watch our video on the form where we go through it step by step.
Visit RetireCoast.com and read about this topic, view the forms and use the link to our Utube video.
People who own houses will retire far better than those who have rented most of their lives. This is a fact. This podcast discusses why this is true for most people and what you can do about it.
Visit RetireCoast.com website and read more about retirement and similar topics.
You must come to Biloxi and enjoy the U.S. Air Force Thunderbirds and much more. The main show will be held on the beach with the backdrop of the Gulf of Mexico. Bring food, drinks, and the family for a day of entertainment.
Then, go over to Keesler Air Force Base a few miles away, and see all of the aircraft parked there along with other displays. Say thanks to those who are protecting us.
The event is free and the rare opportunity to visit Keesler is an option you need to take advantage of.
Read the blog article titled Love Jets? Be in Biloxi for the Thunderbirds 2023 for more information about the event and the history of Keesler Air Force Base.
Read other blog articles of interest on our website: RetireCoast.com
Yes, the best car and truck shows in 2023 are once again on the Mississippi Gulf Coast. They start in May and go through October. If you love custom cars and trucks and classic cars and trucks you must arrange to attend one or more of these great shows.
Jeeping the Coast, Scrapin the Coast, Big Rig Truck Show, and Cruzin the Coast are all terrific shows that incorporate the entire Mississippi Gulf Coast. Not only are vehicles driving up and down U.S. 90 but they are parked in downtown areas of Coastal cities for all to see.
Listen and learn about the shows then visit https://retirecoast.com our blog site to read more about them and see some Utube videos.
RetireCoast.Com has more than one hundred articles about a variety of quality of life topics including Mardi Gras and other Events.
The big decision, should you take Social Security at age 62 or wait. This is a big life-changing decision that should only be made after creating a retirement plan and budget. Don't decide without understanding the upside of waiting.
We discuss what age may be best and why. Before you decide, listen to this podcast as part of your due diligence. Make an informed decision after looking at the facts.
Please visit RetireCoast.com website for more information about this topic and similar topics related to retirement and life on the Mississippi Gulf Coast.
Florida is a great place, low cost, conservative, and has wonderful weather. The dark side is that everyone wants to move to Florida which is increasing costs and crowds. Many of the reasons you would consider Florida are fading away fast. Crowds, higher cost, traffic, etc. Before you follow the herd to Florida, consider there may be a better alternative than moving to Florida.
There is a better alternative to Florida, listen and learn about it. Read our full article on RetireCoast.com https://retirecoast.com/why-florida-consider-the-best-alternative-now-before-moving/
Read our other articles on RetireCoast.com check out our other podcasts.
The Peter Anderson Arts and Crafts Festival held the first week of November each year in Ocean Springs, MS is the best. More than 150,000 people attend the two day event with artists from all over the United States. Hundreds of booths display a wide variety of art and other items.
No charge to enter (they would like a $2 donation) and no charge to park, entirely free event for the whole family. This is the largest event in the state of Mississippi. Listen as the event is described.
Visit RetireCoast.com blog site and read the article with this title.
Pay attention to your homeowner's insurance rates, they are going up and will continue to increase for some time in the future. Inflation, supply chain, labor shortage, hurricanes, fires, and politics have contributed to a rapid escalation in rates.
You must listen to this podcast to prepare not only for higher rates but how you may help to control the speed of the increases. Please visit our blog article on the same topic at RetireCoast.com
Considering a move, is your high-cost state just too much? Taxes, politics, and public safety causing anxiety? It's probably time for you to consider relocating. A move to the Mississippi Gulf Coast is probably just what you need. There are at least 21 reasons people are moving to the Mississippi Gulf Coast (see below).
But why would you move to Mississippi when articles indicate the state is losing population? The time I reveal the true Mississippi Gulf Coast, you know, the place they did not want you to know about. It's a good thing you found this article.
How about some facts first? The State of Mississippi is the poorest in the United States. Yes, without a doubt compared to New York, California and others. Yes, people are leaving the state, and there is a population decline. Want to know why? It's young people who want to live in cities.
Please visit our blog site https://retirecoast.com/21-reasons-why-people-moving-to-the-mississippi-gulf-coast/ to read our blog on this topic.
Visit RetireCoast.com for more about lifestyle, moving to the South, Relocating, investment, real estate, and more.
Yes, we probably are in a recession but who cares if we call it a recession or not? What is important is that we bring out the old budget spreadsheet and plan for opportunities as we come out of this period in a few months.
Don't panic sell or buy. Don't follow the herd to do anything during this period as it is completely unsettled. Gas prices may go back up. That motor home you bought during COVID, may be time to dump if you don't use it before everyone else sells theirs.
Don't overpay for a used car now. Wait until prices drop and they will drop drastically as the supply chain improves and it will. Buy that house you have been looking at for the excellent price you have negotiated. The value may fall in a few months but over time it will recover.
The point is not to overreact. Plan your spending and don't buy what you don't need now. Be in a great position to take advantage of the post-recession period when people are dumping their goods and prices drop.
Snowbirds love the Mississippi Gulf Coast in the winter months (as well as the rest of the year). Snowbirds arrive from Canada, Wisconsin, Minnesota, Illinois, New York, and states where it's just cold during the winter. Seeking out warm weather and the best destinations takes some research. The Gulf of Mexico and specifically the Mississippi Gulf Coast with its white sand beaches are your cold weather destination.
Ocean Springs and Bay St. Louis have been named the best cities and best places along the coast for a few years. You have choices for your winter escape, the West Coast, East Coast, or the West Coast. The Mississippi Gulf Coast is the West Coast.
You may ask, how is the weather on the Mississippi Gulf Coast. At the time this was originally published in January 2022, the sky was clear and the temperature was 74 degrees. Very comfortable for the cold season. The beaches, restaurants, casinos, and other venues were all open.
Well Snowbirds, have we gotten your attention?
Forget expensive Florida or other crowded places this winter. Take a chance that you will love the Mississippi Gulf Coast. Unfortunately, there are no lines of traffic to follow here. You will have to plan a driving trip or fly into either Gulfport airport GPT or to New Orleans airport to get here.
You could sail your boat through the Great Lakes and down the Atlantic Seaboard, around Florida, and up here but why not just fly or drive. The Mississippi Gulf Coast is just a great place to spend the winter. You never know, you just may find that the Mississippi is one of your favorite winter spots.
Thanks for visiting our site. Please read one or both of our most popular articles here: "Why I decided to retire in Ocean Springs, Mississippi" and " Why you need to retire on the Mississippi Gulf Coast".
Logan-Anderson, Gulf Coastal Realtors if you are interested in viewing properties or just talking about the Mississippi Gulf Coast.
Christie's Gulf Beach Rentals for vacation rentals on the Mississippi Gulf Coast (Snowbirds: special rates for longer stays)
Consider retiring with mortgage debt vs paying off your mortgage before retirement. Many will tell you to pay off your mortgage and many will tell you there are great reasons to have a home mortgage in retirement. There are strong opinions on both sides of the question. You can best solve the dilemma by having a thorough understanding of your financial situation. Don't try to answer this question before you have created a budget with variations.
One item used as a strong reason to buy real estate is now largely irrelevant which is the property taxes and mortgage interest deductions. Since the tax law changed in 2018, the big tax break was given to everyone and in particular, those over age 65 have killed that reason to retain debt. In addition, most people don't understand when you hear someone saying "I will write this off" what that means. The tax cuts have created a situation where the standard deduction covers almost all debt for retired persons.
There is a good chance that your retirement income will not be sufficient to need any tax breaks. This is a good thing in some sense, it prevents people from spending money just to get a tax deduction. Our example of a typical retired person's income and expenses below shows the effect of the 2018 tax changes on your income. I would love to write at length about taxes but you can read one of our articles about how the 2018 tax changes benefited retired people.
Produced by RetireCoast.com please visit our blog article of the same title
This is a common question being asked by people in the Millennial and Gen Z generations. I used a great example of a person who is a Millennial who found a way to buy a house. He and his wife got jobs, worked hard and are now homeowners.
The podcast explores what it will take for a Millennial or anyone for that matter to be able to buy a house.
Please visit our website at RetireCoast.Com there are many blog articles on similar topics. Please leave comments about this episode. Welcome back.
I am pleased to talk about two small coastal towns that have won the USA Today contest for the best small coastal towns for 2022. Ocean Springs came at number one and Bay St. Louis came in as number two.
Both are located on the Mississippi Gulf Coast. Having 20% of their list located in the same general area is a great testament of rebuilding after hurricane Katrina years ago.
Please visit our website at RetireCoast.com to read more about this two great small towns.
The City of Biloxi is a great place to live/visit [2022]. One of the best things about Biloxi is that it is affordable not just for living there but to visit as well. With beautiful beaches and a small city feel, it’s the ideal place if you want to leave the rat race of big metros. Yes, Biloxi is a nice place to live to answer a question often asked on Google.
If you have not already formed an opinion about Biloxi from this article, I apologize for leaving something out. It would help me and others if you would comment below about this article. Please read a companion article about “Why you need to retire on the Mississippi Gulf Coast”. See the live camera feed from the Biloxi Light House click here
Please leave comments below and sign up to receive notice of future articles. Listen to our podcasts by clicking podcast on the menu above. There are many more articles on the Mississippi Gulf Coast you can read on this site.
RESOURCES
Example of a house for sale: Click here
Recent Biloxi housing market update: Click here
22 things to do on the Mississippi Gulf Coast: Click here
City of Biloxi website: Click here
RetireCoast.com presents this podcast. Please visit our website for more blog articles.
So many great choices along the Gulf Coast, where do you start? Here! Let us help you make the right choice by narrowing down the area. Start with the Mississippi Gulf Coast, the best coast. We warn you, our area is a well-kept secret. The communities below are the best places now to live on the entire Gulf Coast.
We have ruled out all of the "other" Gulf Coastal areas for you. They are too crowded, too expensive and they don't have Cajun, Creole, and Southern charm. The only place to get all of these things on or near a beach is the Mississippi Gulf Coast. Did I mention the 12 casinos?
You should come to the conclusion at the end of this article that the Mississippi Gulf Coast is not located on the East Coast or the West Coast, it's located on the Best Coast.Check out this link if you want more information about the Mississippi Gulf Coast. "Why I decided to move to Ocean Springs, Mississippi" and "Why you need to retire on the Mississippi Gulf Coast".
Retire by the beach on Social Security in 2022 is a good article if you are thinking of retiring on Social Security. If you are a military retiree you will want to read this article: The Best Coast for Military Retirees and Veterans
If you are tempted to rent vs buy, read this article, it may change your mind. Click here.
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Should you wish to look at a property along the Mississippi Gulf Coast, click her
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You may be able to retire by the beach on Social Security alone in 2022. You may even afford to buy a house. The low cost of living on the Mississippi Gulf Coast is the reason why you can afford to live on Social Security alone. Your social security income can pay the median rent, and cover living expenses so you can live a comfortable life. Mild winters and warm summers along with healthcare services attract people from the largest cities.
Calculations in the Blog Article on our website are based on two Social Security incomes. One at the average monthly benefit of about $1,450 per month and another at $2,400 per month. These amounts are typical for full retirement age benefits. The lower cost of living on the Mississippi Gulf Coast permits Social Security retirees to enjoy their golden years.
Mississippi is one of the best states for retirees regardless of their source of income. If you have retirement savings to supplement, don't worry about the State taking it in taxes.
Mississippi is among a few tax-friendly states where none of your retirement income is taxed by the state. This includes your Social Security check 401k withdrawals, pensions, etc. Let's get back to the topic which is how you can afford to live in one of the best cities for less. Did I mention our beautiful beaches? By the way, our beaches are open 24/7.
You have choices along the Mississippi Gulf Coast. You can rent or buy. Housing prices and rents are among the lowest in the nation. The Mississippi Gulf Coast is far removed from the high cost of for example Los Angeles or other big cities. Our cost of living is lower than that metropolitan area you want to move from.
Starting with your monthly budget, we will explore what a monthly rent payment and utility bills would look like. Great news, almost all medical facilities accept medicare and offer good healthcare in exchange. Doctors in some larger cities and metro areas no longer accept Medicare so the fact that healthcare providers in this area do is good news.
Please read the full text of this podcast on RetireCoast.Com at https://retirecoast.com/retire-by-the-beach-on-social-security-in-2022/
Please leave comments and don't forget to visit our website for the entire article
Live along the coast with other military retirees who benefit from local military bases. You can afford to live on the Mississippi Gulf Coast with our military retirement pay. Active duty military is located on several bases. This is the best coast for military retirees and veterans.
The Mississippi Gulf Coast is a great place with a low cost of living. Many active military members live in the community along with those who have seen years of service. A primary reason why the high quality of life attracts retired military is due to the proximity to the VA facilities and on-base outpatient clinics.
Do not forget that none of your social security benefits or military benefits are taxed by the State of Mississippi. There is a military tax exemption for real estate taxes. State taxes for any second career income are among the lowest in the nation. Your retirement benefits will go further along the Gulf Coast. Military veterans have been retiring in this area for decades. Did I mention the VA medical center?
Love to Golf, this is the place
Retirees can shop alongside military members who take advantage of the base facilities at Keesler AFB and the Navy Sea Bee Bases. The U.S. Coast Guard is stationed here along with reserve units and the National Guard. You will be around people who understand you. If you golf, you have come to the right place, we have lots of golf courses around the area.
The affordable cost of living attracts many to our area. VA home loans are available and lenders in this area know how to manage them. With the large military community comes military families. I often meet people who were either in the military or their parents were stationed here when they were young.
These former military dependents came here to live and retire after having seen areas in New York, San Diego, Virginia Beach, and South Carolina. Some of the best cities in the country are located along the Mississippi Gulf Coast. Did I mention that state income taxes are not charged on any retirement income including your 401k and any civilian retirement income for those over 59.5 years old? Articles are often written about Mississippi being one of the best states to buy a house.
The Mississippi Gulf Coast is just a good place to live. Without a doubt, this is the best coast for military retirees and veterans. The United States Census Bureau just indicated that the population in Mississippi and specifically in two coastal counties has increased over the last few years.
The list above should convince you that the Mississippi Gulf Coast is the best coast for military retirees and veterans. Of course, a visit to the area would help confirm what you just read. I strongly suggest that you visit the area if you have not been here before. If you have been here but it's been years, come back.
Take a drive North to look at our more rural areas with large acreage and big houses. This will give you a feel for the area. Contact Logan&Anderson, Gulf Coastal Realtors to see a home or five or ten. Bill and Sean can direct you to a loan broker to get an idea of what you can afford. Possibly build your own home on the beach or bayou. Don't forget to visit ActiveDutyRealty.com for more resources.
Please leave comments about this article. Read other articles on this site as well. Our most popular article is "Why I decided to retire in Ocean Springs, Mississippi". Another article on the same topic is " https://retirecoast.com/why-you-need-to-retire-on-the-mississippi-gulf-coast/. Remember, the Mississippi Gulf Coast is the best coast for military retirees and veterans.
A simple will can solve unimaginable problems with your estate. Family members will understand what you expect and hopefully honor your wishes. Neglecting a last will may land your estate in probate court following state law. The probate process can be expensive and eat away at your estate. Your simple will: create it now
You need not hire a law firm to complete a simple will. If you have a complicated estate including a business, the right choice may be to engage a law firm. If it’s important to you that the correct distribution of your assets be done according to your wishes, then a well-crafted will is essential.
I have been an observer several times when family members and friends have argued over the distribution of assets. This has happened even when there is a will covering the distribution of assets. It’s the parents and adult children who argue the most about the terms of the will.
THE PARENTS FAILED TO TALK ABOUT THE WILL
In one example, there were several brothers. The last parent passed and while there was a valid will, the entire estate included many things including real property, collectibles, coins, and more. The parents failed to talk with the children about the distribution of their estate before they passed away.
The adult children had not even seen the will until after the last parent passed. The sons or brothers’ wives were worse than their husbands. It seemed that if one wanted something, the other wanted it as well just because.
Let’s step back a bit and think about what you want to accomplish with your will. If you think that your own will is being created to dispose of your property, think again. Put yourself in the position of those who will inherit your property. An irreparable split between siblings can happen without a complete explanation as to why one or the other is going to receive real estate for example.
Make a list of assets, not dollar amounts just things such as listing your personal property. Items such as a watch, necklace, etc. of a personal nature should be listed separately. Try not to leave anything off the list if it’s important to any member of the family. The good news is with your list in hand, it’s time to have a meeting with your beneficiaries.
APPOINT AN EXECUTOR AT THE MEETING TO CREATE YOUR SIMPLE WILL
You need not call in everyone. If you have three adult children, call them to a meeting. Explain the purpose of the meeting. Appoint an executor of your estate and go over the simple will form (unless you need a lawyer for assistance). Tell family members that your will is not to be challenged. You have thought it out and then explain what you have written in the will.
A person whom I knew passed away and decided to leave one of three children less than the other two. The reason was because of some incident years earlier. That’s ok, it was her money to give away. The point is that the reason was in the will so the executor, a sibling was not accused of undue influence over the process.
YOUR SIMPLE WILL: HELP THOSE YOU LEAVE BEHIND
In closing, remember, the more complete your will the easier it will be for your beneficiaries. Have that family meeting, tell them why you are giving Sandy your father’s watch and why Sam is getting $10 in cash instead of $50,000. Write down what everyone wants, make a decision, and include that in your will. Be sure that everyone gets a copy of your will. Don’t talk about dollar amounts at your family meeting, just shares or specific items.
Please read similar articles at RetireCoast.com. Read this article about assembling your professional support team.
2018 changes to federal income taxes exposed state and local taxes as potentially unreasonable. Many of us probably think that it's federal taxes that are the most onerous when in fact, your combined tax burden at the state and local level may be greater than federal income taxes. Now we know, it is all about hidden state and local taxes: your tax burden is exposed.
According to the Tax Policy Center, about 48% of all taxes collected are by state and local government agencies.
High-tax state bureaucrats and legislators are still complaining about how the 2018 federal tax rates will cost their residents more money. When the 2018 tax reforms went into effect, they saved the average taxpayer on their overall tax bill. States that have the highest income, property, and other tax rates were exposed. Their residents had a higher tax bill.
It was possible before 2018 to write off most real estate taxes and mortgage interest on primary and secondary residences including interest paid on lines of credit. Along with these nearly unlimited write-offs were unlimited state and local income tax write-offs.
Your tax burden exposed
The 2018 federal tax law has replaced those unlimited deductions with a fixed $24,000 maximum for a couple (higher if one or both are over 65) which includes about everything that most people were itemizing in the past.
The crux of the tax issue is that for the first time high tax states and local governments who for years told people to write off the higher costs had to change their pitch. No longer could a person buying that high-cost home fully deduct the mortgage interest, taxes, or insurance. The new limit is a maximum of $10,000. If that was not bad enough, it also included any government taxes such as state income tax and local taxes.
The $10,000 limit was a drop in the bucket. A person who owned a tract home in Orange County, CA worth about $850,000 would have a tax bill of about $10,000 per year. They would probably owe state taxes of about $15,000 or more than pay upwards of $30,000 in mortgage interest. $55,000 with only a $10,000 deduction. Think some residents realized what was going on?
You should not be obligated to pay ever-higher taxes
As you move toward retirement or at least plan for it, it's time to think outside of the box. You probably donated to causes all of your working careers, paid your taxes, and were otherwise an upstanding member of your community. You made your investment, you should not be obligated to pay higher taxes if you choose not to.
Consider this
Consider this: You can afford to live where you do and pay all of those taxes because you have a great job making lots of money. When you retire the economics change. Why wait? Every year that you rationalize paying 35% more by living in a high-cost state, that's 35% you could be saving for retirement. I have spoken to many in their 40s and 50s that admit they can not afford to retire in for example California. So why wait?
Should you consider moving to the Mississippi Gulf Coast, you may want to visit the Logan-Anderson, Gulf Coastal Realtors website for more articles and to view available homes. Please read other articles on our site that relate. Two of our most popular articles are: "Why I decided to retire in Ocean Springs, Mississippi" and "Why you need to retire on the Mississippi Gulf Coast."
Want to live near the beach with a great warm climate? This is one reason why living in Gulfport, MS is a good place to live. Low cost of living, great food culture, friendly people. What more can you ask for.
Gulfport is not on the typical radar, many people pass it up for destinations crowded in Florida or along the Atlantic Coast. Too bad for them, the rest of us love Gulfport for so many reasons. Take a drive on U.S. 90 through the city and see the beautiful Gulf of Mexico and white sand beaches.
This is a great place for military retirees, to shop at the Navy Seabee base and use the VA hospital. The low cost of housing and utilities will help with your retirement budget.
Gulfport has everything you need. Great restaurants, shopping and did I mention, friendly people. Please listen to this podcast and visit our website RetireCoast.com to read our blog articles about Gulfport, the Mississippi Gulf Coast, and more. Thanks for listening. Come back ya hear.
Consider the volatility of Cryptocurrencies before you include them in your retirement portfolio. The classic strategy is to reduce risk when you get closer to retirement. Adding cryptocurrencies goes in the opposite direction.
Warren Buffett is against cryptocurrencies as he says, they offer no value. Nothing is created with cryptocurrencies. No products are bought or sold. The only way you make money is for someone to pay more than you did. This is reminiscent of the pyramid schemes of the 1970s.
If you must play with cryptocurrencies, do it on paper. Pretend to buy and watch how it goes. If you buy it in your retirement portfolio, will it be there when you retire? If these flash in the pan schemes to displace national currencies do not work, who loses?
Please read more about this at our website RetireCoast.com Please visit our blog articles on similar subjects. Listen to our other podcasts as well.
Parents should instill in their children at an early age that they must earn what they receive. Even if parents give things to their children the children should be taught the price of those things. The price is not in money purse but the price they have paid e.g. working long hours away from the family.
Both parents and children must give each other the gift of financial independence. Parents teach children values and children recognize how important it is that their parents remain self-sufficient. Others agree with the premise of this article. If you teach your children to become self-sufficient at an early age, you are likely to see that they will start offering to pay for your lunch.
My parents were in their 20s when the kids were born
My parents had their children in their 20s well before they reached their peak earning age. As kids, we learned that if we wanted money, we had to work for it. As soon as we were old enough, we started doing chores around the house. Later as we got older we picked up part-time jobs mowing lawns etc.
All of us were out of the house in our early 20s. Yes, our parents would occasionally loan some money, small amounts. We all paid them back even when they told us not to. We paid them back because it was the right thing to do. We raised our families and our parents improved their financial situation as they earned more and were not supporting kids.
Understanding that with people having children later in life, the concept of saving for retirement has taken a turn. It's difficult to buy sports equipment and pay for youth organizations at the same time as you are saving for retirement. Many will have children in high school into their early 60s.
The best gift kids can give to their parents
It's even more important that older people with school-age children teach their children the value of independence. Independence when it comes to how to manage their finances. They need to learn how to do things for themselves. It's a very hard thing for some parents but necessary. Frankly, it's an expression of love to push them in the right direction.
A note of explanation. This article is not intended to discourage parents who have special needs children from doing what they believe is necessary to take care of them. Even in this case, what happens when you are gone. If your children need help as an adult because of some medical condition, your work to plan for retirement has become even more critical.
There are only two ways to prepare for retirement. Earn more and save it or spend less. We encourage you to read our blog article on creating a budget for retirement, click here. There are many more articles on this site that you may want to read to help you prepare for retirement.
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Setting a budget for relocation or retirement can be a difficult exercise. Particularly in the post-COVID environment. It is nearly impossible to budget for every item since you may not be aware of some things that could be an expense in the future. To help you with this process feel free to use our budget tool.
This budget process is a snapshot in time. It is not scaled for payments on credit debt or increases in income over time. You should create various scenarios and save them or use the sheet to model these scenarios e.g. change your Social Security income to consider CPI increases and reduce your credit card debt or show a vehicle is paid off.
Retire Coasts RELOCATION BUDGET Spreadsheet contains several sections where you can enter budget data. Download the spreadsheet to your computer to save your work. This article takes you through the sections of the budget tool.
CONCEPT OF BUDGETING FOR RETIREMENT
The day you create your budget and make final adjustments, is not the last you will see of it. This tool will be with you for some time. I have used the tool for my planning purposes and it helped me decide to relocate from California to the Mississippi Gulf Coast.
Several friends and family used the tool to make critical decisions. One result was that several people that I know related to the Mississippi Gulf Coast almost exclusively based upon the numbers contained in the budget. Of course, there were other good reasons to relocate to the Coast as well but the numbers were the most important.
OUR BLOG ARTICLES CAN HELP
Our blog is loaded with articles about relocation retirement budget topics. Please feel free to search by topic to find articles that may impact your decision about retiring and where. Creating a retirement relocation budget will take some time and serious effort. The results will pay off and may pay off very big.
Before you even consider creating your retirement relocation budget, you will need to gather lots of data. Time to start that process. Collect copies of any expenses that will be ongoing after retirement. Consider which of those costs you will continue to have after you leave your full-time job. Our planning tool is only as good as the data you insert.
This budget spreadsheet tool was created for a variety of purposes including deciding where to live. That is why we call it our retirement relation budget. Use it if you plan to retire in place or if you plan to relocate. By the way, you should purchase your new property before you retire. Read this article about this important topic, click here
This podcast can be used with our blog article https://retirecoast.com/best-retirement-relocation-budget-tool/
Visit the RetireCoast.Com website to read more about retirement and finance. Our blog articles will direct you to other resources.
Financial literacy education must be taught in school now. This course should include public finance and personal finance. There is no excuse for students not learning these essential life skills. Drop those nonsense courses on alternative lifestyles and sexuality and insert financial literacy in their place. Do it now.
After speaking with the curriculum director for a Mississippi Gulf Coast county school district, I am convinced that a good one-semester course in financial literacy should be required and not just an elective.
Some schools do not have a course to take even as an elective. Some schools cover this financial literacy with other life topics but it's not enough.
We teach our kids about math but stop there. 38 states have implemented some type of financial literacy education, it should be all 50 states. Stopping at an elective course that is watered down with other topics does not do the subject justice. Our kids are graduating from high school without a basic understanding of how to balance a checking account or account for debit card use.
Why are so many struggling through life
Money is at the heart of a large number of divorces. Money is the reason for suicides, depression, and job loss. People lose their houses because they did not pay their property taxes. The public complains about taxes without understanding what taxes do to improve their lives. A good deal of this misery could potentially be avoided with early education.
Ask yourself, did you teach your children about basic finance? Did your parents teach you? I already know the answer, no. My parents did not discuss financial stuff with any of my siblings. We learned by trial and error.
I recall when I was in high school, the subject was included in "home economics". Everyone thought that class was just about cooking. I wish I had known, I would have taken it.
During my interview with the educator, I learned that often state legislators want to do the right thing and create a required course but they fail to support the courses with funding for the teachers. As parents, grandparents, and concerned citizens, all of us should become involved in this discussion. Spending what would amount to "chump" change on financial literacy education can help the economy in so many ways.
Resources
Believe it or not, you can use Monopoly and other games to teach children about money and finance. I found this highly rated game on Amazon: https://amzn.to/3DY65Wj
The Mississippi Department of Banking and Consumer Finance has a good website full of information that can help you get started. This one site can take you to other sites. Please pursue this effort with elected officials and your school boards.
Review other articles on this website about this topic such as: Simple steps to ensure our future is secure and Start your kids on the road to financial success now.
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You already go to doctors you trust, what about other professionals you should know? You should have a relationship with an attorney, CPA, Real Estate Agent, and others. This discusses the reasons for establishing relationships with professionals to create your support team. Don’t wait until there is a crisis or when you need professional advice to search out professionals. It’s time to create your professional support team.
Life has many challenges, most of the time you make the right decisions e.g. filling up your car before it runs out of fuel. In this case, you have a subscription with a towing company such as AAA. Essentially a backup plan for the unexpected. There are other reasons you need to expand your backup plan into a real-life plan complete with experts to help guide you along.
In this blog and podcast, we will explore the various talents you need to amass to be well protected and be prepared for changes. Some changes come without notice, others are long-term changes you have the luxury to plan for. The professionals listed here are just a few to get you started along this path.
Read our blog article with the same title on RetireCoast.com Visit our website and browse through articles similar to this one. Please leave comments and follow us on social media.
One of our best-kept secrets is the great variety of fish you can catch along the Mississippi Gulf Coast. Fish all year as various species of fish can be caught at different times of the year. We have excellent winter fishing and great summer fishing.
Not only are the varieties of fish enticing, but our weather is also perfect for fishing any time of the year. Fish in the Gulf of Mexico in deep water or fish in closed the beach. You can catch your limit (if there is one) on our bayous and rivers as well.
Public fishing piers are scattered throughout the Mississippi Gulf Coast without charge to those who use them. Listen to this podcast where we describe some of the most popular fish, where to find them and when.
Visit our website for more information about this and other topics about the Mississippi Gulf Coast, your finances, and real estate.
If you plan to visit the Mississippi Gulf Coast for a fishing trip, please check out ChristiesGulfBeachRentals.com for information about their vacation rental properties.
What does a five-star rating mean for your stay at a vacation rental? It means that the property was as described on the website. Five-star AirBnB ratings are important for owners. Consider when you are looking for a property to rent. Do you select only five stars or do you select three stars? Exactly.
Why do guests give lower ratings? Lots of reasons include the wrong belief that a property has to offer caviar and champaign to get a five-star rating. Ratings are very important to owners, their ability to maintain their properties is based upon how often people stay. If you decide that the property was ok and give a three or four-star, you are not doing well by the hosts.
Yes, some properties advertise a swimming pool and when you arrive it's empty. Give that host a lower score. The beds were not made, linens were dirty, giving them a lower score. The host does not reply to you in a reasonable period, yes, reduce the rating.
Five Stars means the property was in good condition as advertised
I have to admit, I have in the past graded surveys as less than excellent only because in theory nothing is excellent. Those surveys probably did not hurt anyone's ability to pay their bills. You have to be more diligent with your AirBnB or other ratings. If for example, the property advertised three queen beds and two full-size beds which were there. The website also said that there was a coffee service which was there. They advertised a few minute's walks to the true beach. In this case, you should give a five-star rating.
Don't look for things to reduce the rating. If you were comfortable and your guests enjoyed themselves, give the owners the benefit. One of the rating areas on Airbnb is the location. Some guests give high ratings for everything but the location. Perhaps they wanted to be closer to something or further away from something. The website can not anticipate everything you would want if this was a perfect world. Even if you were not pleased by the location of the owners of the property who took good care of you, give them a five-star anyway. Why penalize the property hosts because of the location unless the location was not what was described.
Guests cause damage
Time to talk about the guests. The reason why properties deteriorate and future guests make complaints is because past guests damaged the property. I can tell you from experience that I have replaced carpets because a guest spilled something and it stained. The same is true of furniture. We recently replaced a sofa sleeper with one that cost well over $1,000 because guests' children were drawing on the cushions.
Guests that wear out properties well before their time are not often charged for the damage. The owners try to repair the damage but in some cases they have a new guest coming in behind the last ones. Rather than cancel and ruin their new guest's vacation, they accept them. The guest then companions about the damage and wonders why it was not fixed. Perhaps you can understand these situations. More reasons why owners need some kindness from their guests in the form of a five-star rating.
Owners can rate guests
Owners can rate guests on the Airbnb platform. I have spoken to many owners who resist the desire to tell everyone what the guests did to their property. Often the bad guests give a high rating hoping they will not be charged for damage. The owners are reluctant to then give a lower rating to that guest. This is one reason why the rating system is far from perfect. There are perhaps many properties with averages in the 4 point range that are better than rated.
This question "Is Ocean Springs, Mississippi a good place to live?" is asked with some frequency on Google. My experience having relocated from California is a resounding "YES". There are so many great qualities to this small city on the Mississippi Gulf Coast, It's hard to know where to begin. For this reason, I have created a podcast to explain in my own voice why Ocean Springs is a good place to live.
We have written about the Mississippi Gulf Coast on RetireCoast.Com many times. Please read our blog articles on the topic and listen to more of our podcasts. Try this article "Why I decided to retire in Ocean Springs Mississippi".
You have a HELOC or variable second mortgage and you want to know if you should refinance it now. HELOCs are not what they used to be. They are no longer tax deductible for the average homeowner to start. Interest rates are still low by historic standards so they do not have the appeal they have had in the past. This podcast goes into the details of HELOCs.
Please visit RetireCoast.com to listen to more podcasts on finance, real estate, and investments. Our site has more than 100 blog articles on how to improve your life. Please visit. Thanks for leaving comments on this podcast.
Cruisin the Coast, the largest vintage car show in the country. Events are spread through the entire Mississippi Gulf Coast and occur on a daily basis. Thousands of vehicles made before 1989 are on display and driving around for all to see. The event is free for spectators. Learn more about this exciting week-long event held on or near the beach.
Please visit our website to find more information about this event in our blog article of the same name. RetireCoast.Com. Our website contains information about retirement, financial planning, investments, real estate, and more to help you improve the quality of your life.
Episode one "you should consider buying a vacation property" discusses the basics of the vacation rental industry and why you should consider buying your first property now. The vacation rental business is exploding as more families want to get away and enjoy the convenience of larger spaces, yards, and the ability to cook. We cover all of this in episode one of several on the topic.
Please visit RetireCoast.Com our site for blog articles and podcasts on this and other similar topics. Improve the quality of your life with information. Personal finance, investment, real estate, and other information are all available to you on our site.
Our most popular blog article is now a podcast episode narrated by the author. Podcast explores the reasons why the host decided to leave California and move to the Mississippi Gulf Coast.
Please read our blog posts and listen to other podcasts on this and other topics. If you are interested in improving the quality of your life, our site may be able to help with that.
RetireCoast.Com
The concept of leverage is often misunderstood or not in a person's vocabulary. Leverage, as it applies to financial transactions, is the use of OPM (other people's money). You can get rich by understanding these simple principles. Listen to the RetireCoast.Com podcast to learn more.
Visit our website at RetireCoast.Com for more podcasts and expanded blog articles on this and other similar topics.
Episode 2 in our podcast series "You should consider buying a vacation rental now" focuses on the ways you can maximize your income by buying the right property and other tips. This episode discusses the building configuration as a key element in maximizing your income.
Please visit our website RetireCoast.com where you can view blog articles and listen to additional podcasts on this and other topics.
California and several states are yesterday's news. People want a lower cost of living, less crime, better air quality, fewer cars on the road, etc. The problem is that people tend to follow the herd. They go to places that are becoming just what they want to leave because others go there.
Try doing something different. Listen to our podcast about a better place.
RetireCoast.Com's website is full of blogs and podcasts on a wide range of topics all about improving the quality of your life. Check it out