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Baby boomers that plan to move for retirement are looking for smaller, affordable homes that are easily accessible to medical care and near their family, according to a poll of more than 1,000 adults born between 1946 and 1964 conducted by Associated Press-LifeGoesStrong.com. Baby boomers who make more than $100,000 a year are the most likely to say they plan to buy a new home during retirement. For boomers who plan to purchase a new home, the most important factors cited in a home for retirement included:
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Smaller home (40%)
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Near medical offices or hospitals (39%)
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Different climate?perhaps warmer (30%)
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More affordable home (25%)
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Being closer to family (15%)
About 10 percent of baby boomers said they will search for a new city to relocate to that offers more services for them in retirement. Only 8 percent of baby boomers surveyed say they want a larger home for retirement, the poll finds. However, more baby boomers say they don?t have any plans to move after they retire, the poll finds. Source: The Associated Press
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Source: http://michaelcaruso.wordpress.com/2012/03/09/the-futureaccording-to-baby-boomers/
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