tag:blogger.com,1999:blog-5936637281134795592.post8617053400046735235..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Friday Post #1: Macleans warns about the Boomer TriggerUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5936637281134795592.post-91997013022149043162012-12-07T13:35:45.360-08:002012-12-07T13:35:45.360-08:00You can sell your house in pieces. Reverse mortga...You can sell your house in pieces. Reverse mortgages being one approach. Another is to remortgage the home as a traditional mortgage. Both enable the creation of an income stream. I suppose we could even consider the development of a rental unit, etc. within the house as the creation of an income stream. Other things I'm seeing include communal housing that allows some creative and economical ways to live. The boomer trigger is ahead of its time. People don't turn 65 and suddenly want to live in a less than comfortable home. In expensive markets they may move to a less expensive place but they typically do not leave friends unless there are more friends or family to relocate close to. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-86914864226655722882012-12-07T10:14:15.562-08:002012-12-07T10:14:15.562-08:00You cannot sell your house in pieces. It will be ...You cannot sell your house in pieces. It will be sold as a one time deal to cash out.<br /><br />Stocks, bonds, etc. may increase as they move their proceeds from the sale of the house into these investments. <br /><br />Or, even if they decrease, it will be over a long period of time. You won't cash out all at once; instead, you will either live off the income stream, or cash out as you need the money. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-47764325453764564192012-12-07T05:25:08.093-08:002012-12-07T05:25:08.093-08:00The increase % held in stocks seems to make sense ...The increase % held in stocks seems to make sense -- and may even INCREASE as Boomers retire.<br /><br />That stocks statistic (I'm assuming) includes dividend-paying companies, REITs, preferred shares, etc... these are all things that retirees will dump MORE money into as they cash out of real estate. As Grandma and Grandpa put their millions of dollars to work in assets other than Canada Savings Bonds, it seems intuitive that these types of shares would be the target.<br /><br />I guess you could look at the RE holdings as increasing over time due to "investment condos" and vacation properties, but I would think that retirees may not want the hassle of managing rental properties in retirement.<br /> Anonymousnoreply@blogger.com