Benefits of Living in a Lakeside Community

By design, many Tribute Homes are located in lakeside communities in North Carolina and South Carolina. We know that just because you're retiring, doesn't mean that you plan to spend your time lying around. Our 55+ active adult lakeside communities provide the perfect opportunity for you to stay busy.

Here are five benefits to retiring to a lakeside community.

1. Perfect for Hosting & Entertaining Family and Friends
   Living in a lakeside community means never worrying that your house guests will be bored when they come to visit. Lakes provide recreational opportunities galore for all of your guests. Whether it's merely a walk around the lake, or the pretty backdrop to your summer cook-out; living near a lake provides benefits for all of your friends and family.
2. Affords Free Exercise Opportunities
   Living within a lakeside community is like living near a gym without the monthly fee. From walking around the lake, to swimming, rowing, fishing, waterskiing and more; lakeside living provides opportunities for active 55+ residents to get their daily exercise without ever having to leave the neighbourhood
3. Keeps Things Quiet
   Lakes serve as natural noise-reducers. Although sound carries well over lakes when the lakes are calm; when lakes in your community are active; with fishers or boaters for example, the lake acts as a bit of a sponge absorbing the noise, so that the environment around the lake is typically quiet.
4. Reduces Stress
   Water is a calming influence for many people. The soft sounds of water lapping against the shore can help erase the stresses of the day.
5. Helps Your Home Hold Its Value
   It's no secret that homes near the water tend to hold their value, even during economic swings, because people always want to live near the water. Moreover, there are only so many lakes to go around, which drives up the demand for homes near lakes.

If you're considering purchasing a retirement home but have yet to explore all of your options, we invite you to learn more about Tribute Homes. With several active adult lakeside communities in North Carolina and South Carolina, we offer homes in settings that match any lifestyle. To speak with our sales associates about your options, you can contact us directly by calling (800) 381-2984 or visit us on the web at www.tributehomesusa.com.

How To Stay Stimulated During Retirement

When transitioning from full time work to retirement, life can become very difficult and even confusing for some. At first, it may seem like something you have always wanted, though as time goes on and if you are not staying active, life may not seem as fulfilling as it once did. At Tribute Homes in South Carolina, our inviting, friendly, and active retirement communities offer residents a chance to take control of the new life chapter they’re entering.

One rule of thumb for keeping both your brain and body stimulated during retirement is to take on new activities that you find fulfilling and meaningful. Now is your chance to be creative—become a volunteer at a museum, take up a new past time, or maybe plan weekly nights out with your friends or family. Whatever you decide, make sure it’s something that you’re passionate about, as this will bring a sense of fulfillment to your time.

If you’re able, traveling is always a great option for staying on the path to a mentally and physically rewarding retirement. Traveling anywhere for any length of time will be something that can keep you motivated both physically and mentally. Experiencing new places and surroundings is a way to build strong relationships with others as well as the relationship you posses with yourself.

Now that you are retired you still must concern yourself with staying active and keeping yourself in a healthy physical state. It may be easier and tempting after years of work for you now to spend your days on the couch. Though there’s nothing wrong with sitting back and relaxing now and then, it’s important for everyone to maintain a balanced, healthy lifestyle. Whether it be taking classes at the local YMCA, joining a gym, or just taking a daily walk, physical activity is a proven necessity for a happiness, health, and longevity. Setting active goals for yourself will keep you motivated and feeling great.

Use the time and energy you once spent on work-related goals and turn the concentration to setting and achieving new life goals for you’re future. During retirement, you’ll have more time to truly focus on what may have been put on the back burner all of these years. Taking a few moments to write out your goals will allow you to visualize and conquer your desires.

If you’re nearing the age of retirement, our staff at Tribute Homes in South Carolina encourages you to contact us today to learn more about our retirement communities that provide residents with everything they’ve been seeking for a new part of their life. Call Tribute Homes today at (800) 381-2984 or visit us on the web at www.tributehomesusa.com.

How to Make the Most Out of Your Retirement Savings

Entering retirement can be as satisfying as it is scary. You've saved your whole life for this time, but many retirees are left wondering if it will be enough? To help make sure you can maintain a comfortable lifestyle throughout retirement, it’s important to stretch your retirement dollars as far as possible. To help you make the most out of your retirement savings Tribute Homes, one of the largest active adult community developers in Carolinas, has put together this list of important tips to keep in mind before and during retirement.

Develop a budget and stick to it!

Once you enter retirement your income and expenses change significantly, and you need to sit down and develop a budget to reflect those changes. Start off by entering in your, and overestimate them. This will help you trim some fat if you discover your budget isn't feasible. Major ticket items like your mortgage payment, health insurance premiums, and other recurring expenses should be accounted for first. You can then add additional expenses, like food and clothing, entertainment, travel, utilities, and other. Next, you’ll factor in your income and then revisit your expenses. A vacation home in an active adult community may be affordable than you think if you cut back your travelling; it just depends on what you and your family wants. Keep in mind that a budget isn't set in stone; it’s better used as a helpful planning guide for long term planning.

Adjust Your Investment Portfolio

When you first started saving for retirement, your risk profile was much different. Simply put: you had more time to ride out the ups and downs in the equity markets and other riskier investments. Now that you’re counting on the money you saved to live on, you’ll want to start moving those fund into more conservative investment vehicles like cash, bonds, and annuities. The sooner you can start planning for retirement, the better prices you’ll be able to liquidate your existing positions at. A qualified financial adviser will be able to assess your individual situation and develop with a plan that works best for you.

Minimize Your Taxes

Taxes can take a major bite out of your retirement savings, and you’ll want to minimize your tax bill as much as possible. One way to minimize your taxes is to focus on reallocating investments in your tax deferred retirement accounts first. This will help minimize any taxes due on realized gains. In the same vein, selling investments that you've lost money on in a taxable account will also generate valuable tax shields for gains withdrawn from tax-deferred accounts later on. A professional tax adviser or financial adviser will be able to help you keep your tax bill as low as possible.

Generate Additional Income

Being retired doesn't mean you have to stop working entirely. In fact, many retirees find that starting their own small business is a great way to fill their time and generate additional income. Think about it: if you can minimize withdrawals from your retirement account by as much as $10,000 for 10 years, it’s the equivalent of having saved an additional $125,000 (assuming a 5% annualized return).

There are lots of books and other resources (almost too many) that go into more detail for helping you get the most out of your retirement savings, but the above tips provide a good place to start when planning for retirement. 

Many new and prospective retirees find that moving into an active adult community, like the ones developed by Tribute Homes, is a great way to stay active and socialize with other like-minded adults. Whether you dream of retiring in a golf course or lakeside community, Tribute Homes has a number of developments to fit your lifestyle. To learn more about Tribute Homes’ active adult communities in South Carolina visit us online at www.tributehomesusa.com or call us on the phone at 800-381-2984. We look forward to making your retirement dreams come true.

Benefits of Living in an Active Adult Community

You may have some misconceptions about living in an active adult or 55+ community, and we're here today to dispel those beliefs. The truth is, more and more recent and soon-to-be retirees are finding that living in an age-restricted, new home development is almost like going back to college. Active adult communities share many of the same characteristics with the college experience: a community of like-minded individuals entering a new stage in their life, a sense of energy and excitement about the possibilities, and a population with a lot of spare time on their hands for recreational activities. Tribute Homes is one of the largest new homebuilders in the Carolinas, and has a number of wonderful active adult communities throughout South Carolina. To help you better understand some of the benefits of living in an active adult community, we’ve put together a list of some of the top reasons you should.

Social Benefits

Perhaps the biggest benefits of living in an active adult community are social, namely the possibilities of making new friends. With most of the residents being in the same stage of life as you, you’ll find that you all have a lot in common. Active adult communities, such as the ones developed by Tribute Homes, often feature an amenities center or clubhouse as the residents call it. This provides a central location to mingle with neighbors and stay engaged with the community.

Emotional Benefits

Living in a community with neighbors going through the same stage of life can provide a lot of needed emotional support. You’re likely to find a neighbor or friend in the community who had to deal with similar issues as you, whether it’s related to health, finances, or adjusting to the new pace of life you’ll find comfort in sharing your experiences with people who have been there.

Designed Specifically For You

Tribute Homes creates each one of its active adult communities for a specific type of person. Whether you prefer golfing, lakeside living, or both, Tribute Homes’ active adult communities provides you with all the ingredients to enjoy yourself to the fullest. Additionally, all the community amenities and floor plans are hand selected to fit the needs of an active adult. It’s like living in a resort made just for you!

Safety and Security

All of our communities are designed for active adults ages 55 and over, which means you won’t have to worry about the neighbor’s kids throwing loud house parties. And since all of our new construction homes come with a 10-year structural warranty, you’ll sleep better knowing your home is safe and protected from structural and mechanical defects. Additionally, all of Tribute Homes’ communities are nearby major cities, so you’ll have quick access to some of the best health care facilities in the state.

Residents who move into active adult communities all do so for different reasons, but they all share one thing in common: a desire to continue living an active, healthy, and fun retirement lifestyle. To learn more about what makes living in Tribute Homes’ South Carolina active adult communities so great, visit us online at www.tributehomesusa.com or get in touch with us directly on the phone at 800-381-2984.