Chapter Three: Financial Concerns
Boomers’ Economic Concerns—
Hope Is on the Horizon
Since the stock market meltdown in the fall of 2008, many Baby Boomers have been concerned about their
retirement nest eggs, job security and
falling home values. It’s been a time of
tremendous economic turmoil and uncertainty.
However, there is some good news
for Baby Boomers who are eager to
shed their snow shovels along with ex-
orbitant property taxes. It’s still possible
to realize your dream of making bone
chilling winters a thing of the past. By
moving South, you’ll not only enjoy
warm sunny days and mild winters,
you’ll also benefit from lower property
taxes, a lower cost of living and a bet-
ter quality of life. If you plan to work
at least three more years and or won’t
need to access funds from your 401K
until that time, it will likely recover its
lost value before you cash in.
Here is some vital information
that can help you live the life of your
dreams.
Take Advantage of a
Buyers’ Market
The real estate market has returned
to earth. Between 2006 and 2009, the
real estate market experienced a correction on pricing and underwriting
practices. Prices in former boom markets are so affordable that smart buyers
are buying.
Fortunately, there is plenty of money available in the mortgage market as
long as you have excellent credit history
and down payment cash. And interest
rates are still relatively low.
If you’re looking to purchase a more
expensive home, this is a great time to
