Dying Rich: Poll: Boomers Make Family a High Priority When ...

Most baby boomers - 73% - want to live near family during their retirement years, far more than the 27% who prefer to live in a community with "friends of your own age," according to a new poll from LifeGoesStrong.com and the Associated Press.

Other findings of the poll:
? only 23% of boomers say it's very likely that they will move out of their current area when they retire
? but only 40% of boomers expect that they will stay in their current home throughout their retirement
? 67% say it is very unlikely that they will move out of their current state
? only 13% say there is a good chance that they will move across state lines

Of those likely to buy a home, their key reason is to get into:
? A smaller home: 43%
? A different climate: 30%
? A more affordable home: 25%
? A home closer to family: 15%
? A home in a retirement community: 12%

Of the boomers who've had children leave the house:
? 47% have converted their rooms to other uses
? 51% left the rooms as they were

Those who remodeled their new spare rooms turned them into:
? guest bedrooms: 58%
? home offices: 39%
? craft rooms: 28%
? entertainment rooms: 15%

43% of boomers still have children living at home, and 49% of those boomers plan to convert their rooms to other uses when they leave.

One reason for making the conversions: 76% prefer friends and family stay at their home when visiting, while only 23% think they ought to stay in a hotel.

Source: http://www.appliancemagazine.com/news.php?article=1533314&zone=0&first=1

Source: http://dyingrich.blogspot.com/2012/03/poll-boomers-make-family-high-priority.html

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