If you consider yourself a baby boomer the chances are that your parents retired in the community where they spent most of their lives. After all that is the place they knew best, where they had the most connections, and where they kept a crucial sense of place. Only a very small minority of retirees of that generation, far less than 10%, took the significant step of moving somewhere else for retirement. Some moved across town to a smaller place, a few moved permanently to a vacation home or somewhere else within the state, and a much smaller and adventurous group moved to a different state, or even out of the country.
Baby boomers, who pride themselves on doing things differently, will undoubtedly be willing to take bolder steps. They have seen other people do interesting things, they have probably moved several times in their lives, and they have dreams that they want to live out. Considerable numbers of baby boomers also have the resources to do whatever they want in retirement, including having more than one home. So the question is, how will baby boomers’ retirements be different than those of the preceding generation? After all, part of the definition of being a baby boomer means starting off from the assumption that whatever your parents did, you can probably do it better. Looking around at what the industry is coming up with and what retirees are starting to do, here is what the editors of Topretirements see as key differences for baby boomers vs. their parents when it comes to retirement locations:
1. Baby boomers do not want to be labeled as old.
No baby boomer wants to admit he is over the hill. All one has to do is look in the early retirement chat rooms and message boards to see references to “geezer communities” – the “seniors” concept is a big negative for most baby boomers. Hence the drive by developers to find the perfect name for their developments – active seniors, active adults, 55+ communities, etc. Or perhaps not bother to give the name any connection at all to age. Instead, build boomers the facilities they want, give it the most romantic and adventurous name they can come up with, and then stand back and let the baby boomers move in, who will conveniently ignore that the development was built for people over 55.