Summary: <a href="http://www.nursing.jhu.edu/excellence/aging/center/index.html">Johns Hopkins University’s Center for Innovative Care</a> and Legg Mason recently issued a study titled “Aging and It’s Financial Implications: Planning for Housing.<br> Kathleen Pritchard, Managing Director with Legg Mason, talks with host <a href="http://www.rogerwhitney.com/about-me/">Roger Whitney</a> about the importance of planning ahead for housing during retirement.<br> Retiring Baby Boomers Will Have Major Implications to Housing Demand<br> <br> * 10,000 baby boomers will turn age 65 each day for the next 19 years<br> * Between 2010-2030 77% of housing demand will be driven by those over age 65<br> * There may be a “great housing glut” as baby boomers transition into retirement<br> * Boomers will demand different types of housing than they have in the past<br> * Most baby boomers want to age in place but may have to transition in later years of retirement<br> <br> There are Three Typical Phases During Retirement<br> The:<br> <br> * Go Go Years–when you are healthy and active (60s & 70s)<br> * Slow Go Years–when you slow down due to health issues (70s & 80s)<br> * No Go Years–the late retirement years (80s & beyond)<br> <br> By planning ahead for each of these phases, you can make smarter financial decisons and maintain control over your lifestyle choices.<br> Retiring Baby Boomers Will Have Major Implications to Housing Demand<br> <br> * 10,000 baby boomers will turn age 65 each day for the next 19 years<br> * Between 2010-2030 77% of housing demand will be driven by those over age 65<br> * There may be a “great housing glut” as baby boomers transition into retirement<br> * Boomers will demand different types of housing than they have in the past<br> * Most baby boomers want to age in place but may have to transition in later years of retirement<br> <br> There are five basic housing options for retirees:<br> <br> * Aging in place (<a href="http://visitor.r20.constantcontact.com/manage/optin?v=001OnAlV3LQEP8i7FmDMrpdB76D44HljNvPpMunBEgDFHSKrK9vKHCIuPrI-5FH2k5LPP10DP7xy6cMGJIfvjpi6IANz9hpdacH0cO1XBsfn0tfsTldQ4gF_q6i68vONI2o00cUtw8hnOfqxIVzyGWvOr7pJX_AaKaSpwPWJPg4Qef8Gu6XFcghbQ%3D%3D">Home Safety Assessment</a>)<br> * 55+ independent living communities (<a href="http://visitor.r20.constantcontact.com/manage/optin?v=001OnAlV3LQEP8i7FmDMrpdB76D44HljNvPpMunBEgDFHSKrK9vKHCIuPrI-5FH2k5LPP10DP7xy6cMGJIfvjpi6IANz9hpdacHvgnQUX-3vpnhd3SQSkeUxX8Lnp5W4YEHKllGhz7YSGzQCxW8tUQBidM-Z7bgDpgHzF5TKkXjxfshEGIdiVCplw%3D%3D">Due Diligence Worksheet</a>)<br> * Continued care retirement communities (CCRCs) (<a href="http://visitor.r20.constantcontact.com/manage/optin?v=001OnAlV3LQEP8i7FmDMrpdB76D44HljNvPpMunBEgDFHSKrK9vKHCIuPrI-5FH2k5LPP10DP7xy6cMGJIfvjpi6IANz9hpdacHbf7Jez2rC4nwIMCcxqzbm1nXPinExrjFlTWdaEhnpPr3LCxaspnUN42GGRPE9tvufQjoGVxABZ2rtxXySQgk8g%3D%3D">Due Diligence Worksheet</a>)<br> * Assisted living facilities (<a href="http://visitor.r20.constantcontact.com/manage/optin?v=001OnAlV3LQEP8i7FmDMrpdB76D44HljNvPpMunBEgDFHSKrK9vKHCIuPrI-5FH2k5LPP10DP7xy6cMGJIfvjpi6IANz9hpdacHEcb-2UAHCzFCpDH8i2V_RStgouCcaaMLeEaZGzjdLItci3npZrdF__vtrRsk4KzT2EzCxrnfiuxg2AuedmXL7g%3D%3D">Due Diligence Worksheet</a>)<br> * Skilled nursing facilities (<a href="http://visitor.r20.constantcontact.com/manage/optin?v=001OnAlV3LQEP8i7FmDMrpdB76D44HljNvPpMunBEgDFHSKrK9vKHCIuPrI-5FH2k5LPP10DP7xy6cMGJIfvjpi6IANz9hpdacHCox723TAnP452xYX4DX3-yLU0qOtGabxOQmt4VttdUJAOn4QkJ92nZMkSjUEJt8RUwaAx1QmBB0D0yTqORkjBQ%3D%3D">Due Diligence Worksheet</a>)<br> <br> Where Do You Want to Live During Retirement? <a href="http://www.rogerwhitney.com/retirementanswers/">Tell me here.</a><br>
