The Norman Transcript

Business

October 13, 2013

Norman draws University of Oklahoma graduates back after retirement

NORMAN — Norman recently made headlines as one of the top choices of frugal retirees looking for a great place to live at a great price.

A low cost of living and low tax rates combine with cultural opportunities available through the University of Oklahoma to make the small city a top draw for retirees, especially if they also have family nearby.

Debbie and Bob Loy are living proof of that. The couple has lived an active life making homes in Illinois, Idaho, Texas, Utah and Hawaii before returning to their college alma mater.

Debbie is a retired attorney; Bob is a retired television journalist. She transferred to OU for her last year of college to be near Bob and stayed to attend law school.

Bob is from Chickasha, where his parents still live, and his sister and brother-in-law live in Norman. When they were young, the couple had big dreams.

The couple’s choice of homes throughout the years was based on a desire to live life to its fullest.

“We made a deal that we’d only go to interesting places,” she said.

Debbie worked primarily as a public defender. Bob started out as an environmental planner before getting into television news. Over the years, she took the bar exam in three different states. Bob worked as an investigative reporter and later as a news manager.

“I was going to save the world,” he said.

For the past 24 years, the couple lived in Hawaii, and most of their friends and family came to visit them. Vacations were spent traveling to visit family.

“I was going to retire and work as a private attorney,” Debbie said.

That income was going to pay for traveling to more exotic places. Then Debbie got sick and had a lung removed. That ended her ideas of working part-time in retirement and also impacted the couple’s retirement income.

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