04 June 2010

Moving Boomers

What do Las Vegas (Nevada), Bend (Oregon), and Fort Myers (Florida) have in common? All three made it onto two of U.S. News & World Reports' Top 10 lists.

For the full lists, click each of these lines:
10 Cities for Retirement Property Steals
10 Cities Facing a Double Whammy of Default Risks

One way to describe the common set is that 30% of the nation's worst mortgage-foreclosure cities are good places for boomers to relocate to for retirement. And will we? Boomers are more likely to move in retirement years when compared to the previous cohort of retirees. But about 80% want to stay where they are, maintaining their home town ties.

© 2010 Mary Bold, PhD, CFLE. The content of this blog or related web sites created by Mary Bold (http://www.marybold.com/, http://www.boldproductions.com/, College Intern Blog) is not under any circumstances to be regarded as professional, legal, financial, or medical advice. Or education advice. Or marital advice. Or even a tip.

No comments: