By Marie Dwyer-Bullock
The boomers have significantly influenced just about every market they’ve come into, and the coming wave of Baby Boomers will continue to influence the expatriate community in
They’re coming. You can hear the thunder - not too distant, deep and closing fast. Soon they’ll be on the move in droves as 77 million baby-boomers stampede into retirement. When boomer demand slams into markets, prices often soar (until the herd passes, and that will take some time). Nothing can stop them. And if you find this prospect disquieting, remember there is a bright side. If you can get yourself just a little ahead of the boomers then you will be in an excellent position to be a winner in your retirement years. You can be there if you know where they’re going.
In the past, people looked at retirement as a nice, tranquil place where they could stretch out and take it easy. Today’s retires are much different. As they journey from the dawn of the ‘Age of Aquarius’ into the sunset, from rocking the world to rocking chairs, Boomers expect to get what they want. “At the top of the agenda is financial security and health care”, says David Foot,
Is it any wonder that financial security is a major concern for boomers?
2005 White House Conference on Aging – Dec 2005
“… within the next 2 or 3 decades, with advances in medical and related sciences, human lifespan will increase to an unprecedented length. Not only will it be relatively normal for people to live to be 100, but also, they may live to reach the “natural cap” of about 120 years and up! Generally, boomers will have better health as they age and the aging process may be notably slowed.”
With 20, 30 or more healthy years to plan for, boomers are conscious of stretching their retirement dollars; they want to live life to the fullest, and they don’t want to run out of money before they run out of life. This is one of the big attractions to
Note: In a recent email from Paul Jackson,
Americans living in
Secondly, Health Care in
So making the move to
“…living here is much less expensive than
Right up there beside (if not ahead) of financial security and health care, Boomers are looking for a warmer climate to spend the best years of their life. They plan to live longer and be more active than yester-years retirees. ‘Live Younger Longer’ has become the motto for today’s Boomers. This adds another check mark for the
International Living E-letter –
Lake Chapala Auditorio de la Ribera 19th January 2006 at
300 Pesos (above $30
Four of the top woodwind players in the United States, who regularly give Concerts at Carnegie Hall, and other prestigious venues in New York City. These performers are members of top Chamber Groups, teach at the Julliard School of Music, and/or perform, as soloists with the top musical organisations of the World.
The program includes works by Mozart, Stravinsky, Villa-Lobos, Debussy and other well-known composers. An opportunity to hear Stravinsky’s Three Pieces for Solo Clarinet and Debussy’s Syrinx played by the top performers.
Yes, I think you will have to agree, Lake Chapala gets full check marks on everyone's Wish List.
Now is the time to take control of your retirement – whether it be immediate, or in the coming few years. If you wait, you’ll find yourself being pulled along with the herd. And that may not be the best place for you to be.
Dan Burrus says it best in an Excerpt from “The Baby Boomer’s Future: Crisis & Opportunity”
“Real Estate Boom and Bust. When people retire, do they typically stay in their big houses? Many do, but history teaches us that millions move; they sell their big homes and move into smaller homes or condos. And, as we all know, retirees usually prefer a city in a warm climate.
The Baby Boomers have been the most mobile of all generations having lived in several locations. They have also traveled more than any other generation and during the past decade they have been keeping an eye out for that perfect retirement spot. They plan on living long, and living their dreams.
Today, Baby Boomers are pouring millions into real estate. Many are buying their retirement home in a warm climate ahead of time to beat the boomer rush and living in it whenever they can or renting it out until they can retire and permanently move. Some see it as a better investment than the stock market. This trend will accelerate as Boomers try to lock in their retirement dreams before they become too expensive.
The hard trend is that millions will move to what is perceived as a healthy, warm location and the impact of the baby boom retirement migration will cause a real estate bust in many areas and a real estate boom in others. Remember, there was a baby bust after the boom, so the numbers of eligible buyers will not be there to buy all of the large houses that will be up for sale.
Remember, failing to plan is planning to fail. The opportunity for you is in knowing the difference between trends so you can take the appropriate action and shape the best possible future.”
Note! The New York Times has referred to Daniel Burrus as one of America’s top three business “garus” in the highest demand as a speaker.
Paul Jackson, Associate Editor,
Let’s examine the facts:
Fact: Right now the prices of real estate in
Fact: Many people nearing retirement live in the largest house of all their years.
Fact: A wave of Baby Boomers will be stampeding into the market, many putting their houses for sale at the same time.
Fact: Consider Dan’s comment: “there was a baby bust after the boom so the numbers of eligible buyers will not be there to buy all of the large houses that will be up for sale”.
Fact: Now is the time to take control of your destiny. Get ahead of the Boomers. Plan your life instead of being pulling along with the herd.
The Baby Boomer Contradiction
We are retiring earlier. We are living younger longer. The bag of cash we have acquired has to be spread over a longer period of time. In order to maintain the quality of life we deserve, it is clear that many of us will choose (some out of necessity) to find an alternative location that will allow us to live well and fulfill our dreams:
- Financial Security
- Excellent and Affordable Health Care
- Lower Cost of Living
- Warm and Temperate Climate
- A bit of Adventure, but in a Secure (Safe) Environment
- Lots of activities to enjoy while we ‘Live Younger Longer’
- Good Communications (all the TV channels you are used to, in English, High speed internet)
- 30 minutes from an international airport
- Vibrancy of Life
- A new Culture
- English speaking community (plus an infrastucture including many others from back home that you can make friends with)
- Modern infrastructure
- Beautiful lake and mountain scenery
- Favorable immigration policies
This check list aptly describes
Don’t you owe it to yourself to get an early start and find that alternative location for you to spend the upcoming ‘best years of your life’.
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