Baby Boomer Retirement Issues
November 29, 2011 — Marketers have been salivating about baby boomers since the time we started overwhelming kindergartens in 1951. Developers are still excited about our huge numbers (76 million); today they are are eager to supply us with real estate for our “golden years”. Yet, just as when we were in our teens a lot of companies couldn’t connect with us, many of the people trying to market to us today are hopelessly young, and they don’t always get what makes us tick either.
One constant is that baby boomers will never think of themselves as old. Our bodies might not look much like what they did when we got naked at Woodstock, but, attitudinally, we still tend to place ourselves in our late teens or 20’s. Keeping that in mind, here are the top things that baby boomers don’t want to hear as they think about retirement. Some are contradictory, but heh, who ever (more…)
Posted by John Brady on November 28th, 2011
Financial and taxes in retirement
November 22, 2011 — A survey by the Employee Benefit Research Institute found that only 13% of workers felt very confident they would have a secure retirement. To help get you into that elite group, here is (more…)
Posted by Admin on November 22nd, 2011
General Retirement Issues
November 22, 2011 — One of the regular questions we get from journalists and researchers is – where are today’s retirees moving for their retirements? It’s a tough question on which to find information. Fortunately some new data from the IRS puts some welcome dimension to the issue. Note that these immigration figures are for people of all ages, so while directionally useful, they are still not (more…)
Posted by Admin on November 21st, 2011
Home and Garden
November 18, 2011 — Earlier this month we generated a lot of member feedback with our article, “If You Could Break the Mold, What Would Your Ideal Community Look Like“. Members have made 34 comments so far that reflect a wide range of opinions, from those who love the idea of an active adult community to those for whom that is the worst idea ever. Your input has been terrific!
This week we thought we would take this a little further – into the features and kind of home you as a baby boomer want to live (more…)
Posted by John Brady on November 18th, 2011
Health and Wellness Issues
Nov. 14 — Although a good 40% of baby boomers have considered long term health care insurance, the decision to buy it is rarely made. In a new survey by NBER Retirement Research Center and reported on by the Financial Literacy Project, several academics found that as in so many other decisions involving delayed gratification, we baby boomers have not decided to pay today for this protection tomorrow. (more…)
Posted by John Brady on November 13th, 2011
Retirement Real Estate
November 11, 2011 – Here in Biloxi at the “Back from the Brink: Building Bridges to New Horizons” conference put on by the AARC, the mood is resilient, if not overly optimistic. Attendees at the conference were primarily developers of retirement communities and marketers from states/municipalities promoting their regions as retirement destinations. It has been a hard ride for these folks since the real estate market started its downhill ride in 2007. Construction in active communities has virtually stopped as short sales and foreclosed properties have made new properties uncompetitive. Half-finished communities have languished, gone into bankruptcy, or been sold to deeper (more…)
Posted by John Brady on November 12th, 2011
By Billy and Akaisha Kaderli
If you are looking for a retirement destination abroad that is easy on the wallet, and still reasonably close to the U.S. or Canada, then Chapala, Jalisco, Mexico is worth considering. The largest North American retirement community in the world, Lake Chapala is a thousand miles due south of Phoenix, Arizona, and would be a great starting point for learning about retiring in a foreign country.
A quick twenty five minute taxi ride from the international airport of the capital city of Guadalajara, Chapala also serves as a convenient hub for further travel destinations throughout Mexico, Central America, or South America. A major plus is that (more…)
Posted by John Brady on November 8th, 2011
Best Retirement Towns and States
November 8, 2011 — If you thought that North Carolina was the current “hot” state for retirement, you would be wrong. On the other hand, if you guessed retirees look forward to retiring on the coast or next to a lake, go ahead and grab the brass ring.
To get a handle on what people who are nearing retirement consider to be the best places to retire we recently analyzed the (anonymous) statistics from our Retirement Ranger. The Ranger is our free interactive tool that helps people identify their best places to retire, based on the criteria they select for location, weather, cost of living, etc. So far the test has been taken over 11,000 times. The analysis of these preferences reveal (more…)
Posted by John Brady on November 7th, 2011
Active adult communities
November 4, 2011 — College towns can be very stimulating places to retire. Having young people around is invigorating. There are sporting events to attend, as well as very nice facilities such as gyms or pools that you might be able to use. You can take classes. The towns tend to be fun.
University Affiliated Communities
Several colleges and universities have set up university related retirement communities, usually Continuing Care Retirement Communities (CCRC) as (more…)
Posted by John Brady on November 4th, 2011
How to Travel Around the Country, Be Fulfilled, and Live for Free
Note: This is the 5th in our series of interesting baby boomer retirements. Here is the link to the other Retirement Lifestyle Profiles in this series.
Barbara Traynor was resigned to working until she was 110. Although this single mother had been an administrative assistant for 40 years, her savings were low. She had no pension, and knowing her expected social security payment would be minimal, Barbara had all but given up hope of enjoying experiences like visiting the national parks.
Then one day she got an email from friends that changed everything in the most delightful way. As a result of that contact she soon set out for Sitka, Alaska, where in exchange for her professional skills, she received (more…)
Posted by John Brady on November 1st, 2011