Talk of The Villages Florida - View Single Post - How is "income" defined ?
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Old 08-27-2010, 03:55 PM
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Quote:
Originally Posted by Russ_Boston View Post
Not to dissuade anyone from answering the question but who cares about what is reported as the average TV income.

All any of us really care about is: Can I make MY retirement work? There are homes in TV from 100K to over 1M. There is something for everyone. And you know what? They all live the same basic TV lifestyle. So I wouldn't worry too much about your concern. It seems like you have a good handle on what your income will be and where it will come from. From there make a budget and see what that income will support.

My guess would be that since 401 interest is not reportable to the IRS then it would not be included in any average income calculation.

Just my 2C.
Quote:
Originally Posted by Ohiogirl View Post
Good point, Russ. As a matter of fact, one of the things we like most about The Villages as compared to other retirement communities is the variety.

Although I haven't lived in them, appears to me that many other retirement communities, particularly when they are built around a (single) golf course with 1 clubhouse/restaurant/rec center, are kind of like belonging to a country club.

Everyone knows, and some care, what job position you retired from, how much you made, what co. you owned, etc. I'm sure they're not all like this, but that's my perception. Maybe I'm wrong.

After 4 years of owning and visiting in The Villages, and talking to a lot of people I meet while golfing, at the pool, etc., seems to me that the major focus here is what activities you like to do, new restaurants, golf carts, new anything in the immediate vicinity of The Villages. I just get a different feeling here - and I think those who care about such status things aren't usually attracted to The Villages anyway - they might be looking for a more homogeneous community of only upscale homes and incomes.

I'm sure this doesn't apply to EVERYONE in TV, but at least the majority seem not to care, or even very interested, in what you USED to do or how much money you appear to have. Pretty refreshing.
Quote:
Originally Posted by Russ_Boston View Post
Think of it this way - For your monthly amenity fee (which is basically the same per household) + a once a year cart trail fee (currently $141.24) you can:

swim at any of the pools
play any executive golf course
play tennis, pickleball, shuffleboard, boccie or join a league of same
join softball teams
dance or enjoy music every night at the squares
enjoy 100's of clubs, card games and other indoor activities
bike, run, walk or golf cart ride any of the golf trails

ALL FOR FREE (some clubs may have a fee like $10 a year dues).

I don't see social or income class being any issue in TV.
What they said!