Ohio: The Odds Are You Won't Outlive Your Money

 Remember when Lake Erie went on fire and Ohio was a national joke? And how once prominent cities such as Youngstown were compared negatively to nearbytPittsburgh, Pennsylvania. The latter had reset from the steel era to health, education and tech. In contrast, Youngstown seemed caught in an economic time warp. There too were those brutal midwest winters. 

Now, given its extreme affordability, excellent healthcare facilities like the Cleveland Clinic and free outdoor recreation provided by the state parks (Michigan charges), it's taken on an aura as the retirement paradise. Also it's family-friendly and purchasing a house is doable.

Simultaneously, other traditional retirement meccas, ranging from Arizona to Florida, are being rated as no longer a fit for budgets and the implications of climate change. Given the extreme heat, that air-conditioning bill has become a stunner. 

Large one-bedrooms (680 square feet) in Toledo, OH such as at Cambridge Woods can lease for under $800. The rent includes water, sewer, trash, heat and air-conditioning. In contrast a not-large (560 square feet) one bedroom at Vista Montana in Tucson, AZ has a monthly of $854. Extra are billing for water, sewer, trash. And you pay your own air-conditioning and heat. 

Through TARTA, public transportation in Toledo is available. Both fixed routes and on-demand. Taxi service is available via Black and While as well as Uber. So, yes, it is possible to get by without a car.

Thrift and consignment shops are abundant. No need to buy new. This classic went for 10 bucks.



Minimum wage jobs and gigs are there. Though it can take time to land one or more.

Cleveland Clinic is within commuting distance. 

Iconic university town Ann Arbor, MI is an hour away.

So many quaint towns to visit for day trips. 

In coaching those near retirement I recommend OH. The odds are you won't outlive your income.

Earning a Good Living in 2026 Involves Mental Combat. The enemy is usually your own thinking.

Complimentary consultation. No Pressure. Solid Guidance. Contact Jane Genova janegenova374@gmail.com.


Comments

Post a Comment

Popular posts from this blog

America Not Hiring in 2026: Back to Golden Age of Solopreneurs?

 For hiring, 2025 was a brutal year to search for a job. The Wall Street Journal reports that 2026 could be worse: "At a gathering of CEOs in Midtown Manhattan this month organized by the Yale School of Management, 66% of leaders surveyed said they planned to either fire workers or maintain the size of their existing teams next year. Only a third indicated they planned to hire." The WSJ adds that pullback from adding manpower could be temporary. But given shareholders' demand for cost-efficiency and the continual improvements in AI, chronic unemployment could become standard. However, there is a solution. An old-fashioned one. That's becoming a solopreneur, that is setting up your own business without partners or employees. The model dates back to ancient times.  The golden age of the solo business owner in America had been from the late 1800s to about the mid 1920s.  There had been a wave of immigrants, discrimination against them and few jobs. They drove pushcarts ...
Read more

Newly Minted PhDs in Economics Face Unwelcoming Job Market: Of Course, I Left My PhD in Humanities Off the Resume

Monitor postings on Reddit subunits focused on careers and it's no longer news that PhDs, both newly minted and those already in the labor market, generally are finding the credential an obstacle in the search for a job or even contract assignments. No, not an asset.  Let's cut to the chase. The highly educated have to get smart about this, fast. With some exceptions, I advise those I coach to leave the PhD off job-search materials. The negative assumptions among those hiring range from that you expect too much money to you'll be a know-it-all.  When my boutique collapsed post-9/11 and I had to land a survival job I lopped off everything but the BA. At the interview I dumbed-down my vocabulary. Sure Harvard was started in 1636 but America remains anti-intellectual. In addition, the integration of AI into strategy and operations makes knowledge work in general less and less marketable.  That's the narrative of our times: Advanced degrees having low or no ROI. The result,...
Read more

July 1, 2025 - Amazing Dow Close

  Dow Jones Industrial Average Index Index: DJI Compare 44,494.94 USD ▲  +400.17 (+0.91%) today July 1, 4:20 PM EDT  ·  Market Closed But how confident about not outliving our investments should we boomers be? Rattled by the uncertainty? Faith-based Career Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com ). Yes, test out the chemistry.
Read more