According to a new Associated Press-LifeGoesStrong.com poll, most baby boomers would like to retire somewhere close to family, medical care, a warmer climate and convenient to services and amenities. However, the economy has waylaid their plans. In fact, 60 percent of boomers said they lost money during the recession as a result of workplace retirement plans, personal investments and real estate all taking a hit. Many baby boomers reported they expect to stay where they are given the economy. Seventy-three percent said they planned to keep working into their retirement years, up from 67 percent in a March poll.
A population some 77 million-strong, baby boomers are comprised of the generation born between 1946 and 1964. Boomers who plan to or want to move when they retire seek the following: a smaller place (40%), be closer to medical offices or hospitals (39%), live in a different/warmer climate (30%) or switch to a more affordable house (25%). Fifteen percent said they planned to move to be closer to family, and 10 percent wanted a city with more services.
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