[flyer]

I can understand that, TS. Most, probably have the funds to stay, and their kids, grandchildren, and extended family are there, so they have no reason to relocate. Like us, they’re probably planning to pass their assets along to the next generation, rather than cash out.

[flyer]

Baby Boomer here.

I know much of the research shows many BB’s are no more prepared for retirement than any other age group, but the retirement stats in every age group across the board are far from impressive, especially when you realize only 5% of the entire population in the US have a million or more in assets.

I can’t speak for all BB’s but, personally, we’re well positioned for retirement, and most people we know in our age group are as well. We don’t plan to unload our assets, but plan to pass everything along to our kids–rental properties, etc.

IMO, it will affect various geographical areas of the country in different ways, but, again from the people we know, I don’t see anything on the radar that would indicate Baby Boomer retirements will result in mass foreclosures, or other dire circumstances in the San Diego area, but only time will tell.

[flyer]

You’re right, sp. I misread the article. Thought they were all relocating to San Diego. Our rentals in CV haven’t been vacant for years, so demand still remains high. It should be interesting to see if this addition to the tech landscape increases that demand or not.

[flyer]

Interesting info about MediaTek. Imagine this should be good for the San Diego housing market in the general area.

When we invested in property in CV years ago, we, as many in San Diego, never dreamed the area would explode as it has, and it looks like it will continue to do so.

[flyer]

Thanks for the insights, flu. Very interesting.

Good to know you followed your passion within your chosen field. I felt the same way about becoming an airline pilot when I started out. There’s a lot of satisfaction in achieving your dreams in life.

Whatever you do from this point on, I’m sure you’ll be fine, since you’ve mentioned you’ve taken steps to be well prepared for whatever your comes your way. In an industry as competitive as the one you’ve described, that sounds like the smartest way to play the game and win.

[flyer]

This is an interesting thread, but since I’m not in the tech field, (although I received my degree in Aerospace Engineering before becoming a pilot)after reading all of the posts, I was just wondering what the “shelf life” of an engineer, (in all disciplines) is today?

I’ve heard stories that if you don’t make all of your money by at least 50, you’re SOL, and that it’s difficult to find and/or keep a job. Is that true, or just rumor?

[flyer]

I agree, sp, and that was the essence of my much longer post. Having a fully funded retirement, savings, or whatever you want to call those resources, gives one a CHOICE.

Just as scaredy may choose to live every day of his life to the very end in court, others might prefer to be on a golf course, volunteering, flying a plane, at the beach, in an operating room, teaching, in a garden, on a film set
or.. .you name it.

Also, when you have the resources to retire at any age, if something unexpected arises and, for whatever reason, you are unable to work, you won’t have any financial concerns. Whether you use the funds or not, they do give you peace of mind.

[flyer]

Good points, UCGal, and I wish you all of the best with your plans. Retirement for most people today is nothing like their parent’s retirement was. Most I know are busier than ever, and don’t really consider themselves “retired,” because they now have the time and the money to pursue other, and, in some cases, more lucrative interests. (We’ve actually done very well investing in films since I “semi-retired” from aviation.)

Some choose to keep it simple, others are still going full tilt, but the bottom line is that they are in a financial position to make a choice.

As far as social status goes, IMO, being a “retired” engineer, lawyer, doctor, pilot–fill in the blank–millionaire–as most will have to be in order to retire, is much more impressive than someone who HAS to work till they drop.

Many people choose to retire at various ages, others never want to, and most in this Country will never be able to afford to, so, IMO, there really is no “right” or “wrong,” it’s simply a personal choice.

[flyer]

We spend extended periods of time in NYC and HI, and stay in my wife’s parent’s homes, so I understand how you feel about those locations, FlyerIH. Agree it’s nice to have the best of all worlds.

[flyer]

Understand and agree, sp.

I would imagine most polled responded by choosing their most desired location, without much consideration for the realities and challenges involved.

[flyer]

Not an authority on Temecula, but am a native San Diegan who has also lived in many other places, so I’ll just interject a couple of thoughts here.

You have many valid questions and concerns, but you have to realize every location in the world, including the alternatives you have mentioned, have their pros and cons–just as SoCal does.

No place is perfect, so, in the final analysis, it will all boil down to getting the things you and your family want MOST. There will be a give and take with every location, and you probably need to spend time in all of them to make a good decision.

After living many places in the world, I can tell you that we would never permanently live any place other than San Diego. It ranks the #2 place most Americans would want to live in many polls, (NYC is #1) so, apparently, I’m not alone.

Wish you the best!!

[flyer]

Have friends around the same age as the OP, who are also “semi-retired,” and are trying to decide between the 4S/Del Sur area and Temecula.

Like Temecula, these Black Mountain areas have great schools, lots of open space for running and biking, sports fields, shopping, etc., etc. They also want to be accessible to San Diego without worrying about the traffic on I-15, and they want to be fairly close to the beaches, so they are evaluating cost vs. convenience.

That said, even though they are relatively young, they are also concerned about the medical facilities in Temecula. They would like to have access to Sharp, Scripps, UCSD, etc. medical, and are trying to find out what facilities are available in Temecula, without having to travel a long distance.

Does anyone know what comprehensive medical facilities are available in Temecula, so I can give them some idea of what they would have access to in the Temecula area, and if they are overcrowded?

Thanks.

[flyer]

Not surprising that Texas desperately offers incentives to companies to relocate–they have nothing else to offer. I’ve had layovers in TX over the years, and, even that was more than I could stand.

[flyer]

Thanks, CAR. One of those “right place at the right time” things. It’s been very interesting.

[flyer]

I believe in having dreams and living your dreams.

As an example, we started privately investing in films a few years ago, primarily because my wife happened to know someone who had written a little vampire story that ended up becoming a worldwide phenom.

Several “advisors” told us not to do it–but it was one of our “dreams,” so, very long story short–we did it, and many projects later, we’ve never looked back.

More than anything, I can’t imagine looking back on a life of unfulfilled dreams.

[Author]

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