[quote=flyer]
Looking at some of the stats, I’m just guessing that around 50% of BB’s will be in a position to retire comfortably–and the upper 20%, very well. I think most of us here, regardless of age, have planned to be in that top 20%.
As far as selling off assets–specifically properties–in the future as needed. I think a lot of that success or failure will depend on where those assets are. If one selected wisely, and as global demand continues to increase in certain geographic areas, I don’t think that will pose a problem for those who hold assets in those areas.
Going forward, perhaps “retirement,” may be reserved for a far more select few–only time will tell.[/quote]
I totally agree with you flyer. The key word being “comfortably”. My definition of comfortable isn’t even anything luxurious or doing exciting things or seeing exciting places. My definition of “comfortable” in retirement would be simple things like having a comfortable roof over your head without any worries in the city that you actually want to live in, getting adequate medical care in your home country without having to worry about getting excellent medical care, being able to not have to worry about eating a diet that is nutritious and not having to think about putting something back on the grocery shelf because you can’t afford it or it’s too expensive. Not having to worry about turning off the heat in the winter (not everyone lives in SD..lol), not having to worry about turning the AC on in the summer. The occasional meal out in favorite restaurants, being able to enjoy a hobby or take an occasional trip/vacation.
Unfortunately I truly believe that many people won’t even be able to do these things above. I’m not so much worried about the boomers compared to other later generations however.
And yes, on selling off assets. I agree with you flyer… that it all comes down to location, location, location. I don’t think it matters which city/country you are in. The most desirable neighborhoods will always have people that are interested and have $$$$ to either buy or rent. Even in economic down cycles.
[quote=livinincali]
I honestly think going forward many boomers and even current retirees aren’t going to be retiring comfortably.
[/quote]
Yep. I totally agree with you there livinincali. The numbers and statistics don’t look too good to me.
BG, to play the devil’s advocate…what do you think about today’s retirees or future retirees that do NOT have pensions of any kind. Do you think they will be comfortable as well as a whole group nationwide? Are you optimistic for tomorrow’s future retirees that can’t count on a pension?
