We've gotten quite a few Alert! ideas from you...it's time to start using them.
The first was sent in by quite the impressive new contributor...and it's a hoot indeed!
From Jan Cullinane, award-winning author of AARP's The Single Woman's Guide to Retirement, here's some "retirement lingo" you'll want to get acquainted with!
People looking to relocate. Some are “serial relocators,” perhaps moving outside of the United States, followed by relocation to an active-adult community, and finally residing in a CCRC (continuing care retirement community).
Ruppies (retired urban professionals)
Having lived in the ‘burbs, Ruppies are moving to cities to enjoy the amenities this kind of living can offer.
Those who split their time between two (or more) homes. About six percent of us own a second home, according to the U.S. Census.
People between the ages of 18 and 25, often financially and psychologically dependent on their parents . They’re caught in the transition between childhood and adulthood, also known as “adultolescence.”
Kippers (kids in parents’ pockets eroding retirement savings)
Remember to save for your own retirement first, since the kids have more time than we do to save for the future.
Travel, luxury cars, multiple homes, eating at expensive restaurants. Skiers are going to enjoy burning through their money before they die. It gives the word skiing a whole different meaning.
A growing number of women worldwide who are single by choice. Delete “spinster,” “old maid,” and “crazy cat-lady” from your vocabulary NOW.
Divorce among those 50 and older (think Rhea Perlman and Danny DeVito). The National Center for Family and Marriage Research at Bowling State University reports that the divorce rate in this age group has doubled over the last decade, and now makes up 25% of all divorces.
LATs (living apart together)
Couples in committed relationships who maintain separate residences. LATs are often mature, divorced women who don’t want to uproot their lives because of children or a job. LATs are in contrast to LTAs (living together apart) – no longer a couple but remain in the same household because of finances, children, or the perception of social stigma.
Turning a hobby into a paycheck. For example, my friend Barbara designed jewelry for her friends and family for special occasions. Nowshe sells her exquisite creations to boutiques. Annie, a shopping addict, has parlayed her passion into a part-time job as a secret shopper.
Going back to work after retiring from a primary career.
And now you’re up to speed on the new retirement lingo...
You have been officially alerted.