Baby Boomers Retired in Large Numbers

Baby Boomers Retired in Large Numbers


Baby Boomers Retired in Large Numbers

I was amazed when I read this in the Omaha World-Herald: “Baby Boomers retired in large numbers—the generation born between 1946 and 1964—handed in their resignations at record rates in 2020. On average, 2 million boomers have retired each year since 2011, according to an analysis by Pew Research Center. But in 2020, that number rose to 3.2 million people. Researchers speculate the pandemic might have sped up retirement decisions for some.”

Baby Boomers Retired in Large Numbers

With retirement came the idea of moving. “Most retirees make their decision about where to move based on where their children live. However, if the couple doesn’t have children, they don’t feel the need to live close to their immediate family. They want their dream retirement home. Usually, this home is near or on a golf course, a beach or warm-weather destination.” Florida has ten cities that draw retirees’ attention. Baby Boomers Retired in Large Numbers

  1. Naples, Florida
  2. Miami, Florida
  3. Vero Beach, Florida
  4. Southport, North Carolina
  5. Myrtle Beach, South Carolina
  6. Marathon, Florida
  7. Savannah, Georgia
  8. Okatie, South Carolina
  9. Oak Island, North Carolina
  10. Bradenton Beach, Florida

Moving to Mexico

A friend recently moved to Mexico after investigating living outside the U.S. The first thing they did was a Cost-of-living Analysis. They were paying almost $10,000 a year in property taxes, $1,600 a year for car insurance, cable TV and internet cost over $200 per month, health insurance, and food. It totaled at least 4,000 a month. Our friends found they could live in Mexico on their Social Security because property tax was $400 per year, Cable and Internet about $200 per year, car insurance $400 per year, medical expenses about a third of the U.S., the cost of food and entertainment much lower, and most of the U.S. is an easy plane ride away.

If moving is a possibility, be prepared. Get a Current Home Appraisal. Make sure you know exactlyhow much your home is worth before you sell it or put it on the market. Then Consult an experienced real estate agent, as they can pull comparable properties for sale in your area in addition to properties that have sold recently to come up with an accurate estimate.

The next step involves Taking Time to Organize, Store and Purge. If you have lived in a house for many years, you accumulate a lot of stuff. It will take you a while. The word you see most often is “declutter.”

Invest in Small Repairs and Curb Appeal. Make buyers find your home attractive. You can fix any obvious flaws cheaply, paint to freshen the appearance and do yard work. For many people retiring, the home that they live in is a large chunk of the retirement nest egg, and you want to make sure that you maximize the proceeds when you go to sell.

FREE information on How to sell your house fast

Styl Properties, Inc. is here to help homeowners realize their retirement dreams

As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what!  There are no fees, upfront costs, commissions, or anything else.  We offer the simple truth about your home and how we can help you sell it fast.

Give us a ring. We would love to help you understand the process and to answer all of your questions. You can reach us at 402 999.0577

Photo by Obi Onyeador on Unsplash

 

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