If you are a Baby Boomer thinking about your future
Baby boomers have always been blessed (or cursed?) with the Peter Pan Syndrome; "I'll never grow up...." Unfortunately for them, the future is growing shorter by the day. While today they are in the peak of their wealth-creating days, the first of them are approaching official retirement age starting in 2012.
However, given the numbers imbalance, they will have to reinvent retirement because the support systems their parents enjoyed will not be there. There simply are not enough next generation workers to pay for them.
The VillageTown is probably the best investment they can make. Many who will have paid off the mortgage on their home may have the means to buy a smaller home, debt-free. This drops their financial needs. They won't need a car, which becomes additionally important when the doctor or judge says they no longer are allowed to drive. This saves an additional 15% drain on their income. Food will cost less and be healthier. Ditto utilities. At the same time, they will have the support of a whole community. Because they will have more free time, they can make a contribution of a lifetime of accumulated wisdom or just give a helping hand... perhaps assisting the next-door younger couple by looking after their young children... not babysitting, but perhaps teaching one of them to play chess in the plaza, or learning the art of knitting. Finally, with its self-insurance program on nursing care, the Baby Boomer elder in a decade or two will know that they will not be foreced out of their community when their body or brain begins to fail.
It's probably the smartest investment they could make. If they want to have a happy ending to their lives, the VillageTown is worth doing.
No comments:
Post a Comment