Should I stay or should I go?

We Bay Area Baby Boomers have seen a tremendous amount of change in the last few years. The cost of living has skyrocketed beyond what we could have imagined. And if you have a property, it has appreciated greatly with the general rise of real estate prices. Now we might have retirement options that had not have been possible at another time. If you have another place in the world or the nation to move to, the decision is easy. Sell your home and chances are you can buy a home somewhere else using all cash and still have money left over to invest and supplement your retirement income. If you don’t want to move, you have other good options. There are reverse mortgages, now also for high equity properties. You could downsize and move to a county with an agreement to keep your tax base. There are several other options too that we could discuss. As a baby boomer myself I have thought about what possibilities there are for us. Let’s brainstorm together.



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