As companies pare away pension plans and the future of Social Security, and other means of supporting boomer generation (nationally and internationally) seems increasingly precarious, more and more baby boomers are choosing to work beyond the age of traditional retirement. Our website (www.JustClose.com) is a venue for the current and future boomers generations in their quest to achieve housing stability in their boomer years (see our suggestion below).

* Younger Boomers – Born 1956-1964

• Estimated Spending Power – $1.1 Trillion
• Total number of households – 23.9 million
• Annual average household income – $56,500
• Annual average spending per household – $45,149

* Older Boomers – Born 1946-1955

• Estimated Spending Power – $1 Trillion
• Total number of households – 23.9 million
• Annual average household income – $56,500
• Annual average spending per household – $45,149

Many baby boomers see a prolonged career as a way to explore new interests or test untried talents.

Nearly six in 10 baby boomers who intend to work after retirement say they want a job that gives them a greater sense of purpose, according to a MetLife Foundation/Civic Ventures New Face of Work Survey.

“The baby boomers were the first generation to have a lot more career freedom, but it seems like [for] at least some of them, that ended up not being the case,” Randall Hansen, a career advice writer for the Web site Quintessential Careers, said.

“They fell into a job that they kind of hated or didn’t get as much satisfaction from but stayed in because of first mortgages, and then college tuitions, and now that their kids are out of college, now they finally feel like they have the freedom to change careers.”

Planning for retirement has always been focused on money, Marika Stone and Howard Stone, authors of “Too Young to Retire,” said.

But after people nail down their financial need — their IRAs, and their 401(k) plans — the next thing that comes up is: “What am I going to do with the time?” Marika said.

“And it can be a very terrifying thing to people who haven’t given it any thought at all.”

“Those who say ‘I’ll never work again’ are making a major, major mistake. Because they’re going to find themselves adrift, away from a community purpose and a sense,” he said.

Some Baby Boomers Statistics

*78.2 million Estimated the number of baby boomers, as of July 1, 2005. http://www.census.gov/popest/

*7,918 Number of people turning 60 each day in 2006, according to projections. That amounts to 330 every hour.
http://www.census.gov/newsroom/press-releases/2016/cb16-tps95.html

*57.8 million Number of baby boomers living in 2030, according to projections; 54.9 percent would be female. That year, boomers would be between ages 66 and 84.
http://www.census.gov/ipc/www/usinterimproj/

*2.1 The number of workers for each Social Security beneficiary in 2031, when all baby boomers will be over age 65. Currently, there are 3.3 workers for each Social Security beneficiary. (Source: Social Security Administration, at
http://www.ssa.gov/pressoffice/basicfact.htm

* Currently our team is working to update some of baby boomer related statistics

Our Suggestion:

A majority of baby boomers want to purchase housing and housing applicable services specific to their individual needs. To address this interest we have created a website that provides a strategy for dealing with that issue and solves many of the dilemmas associated with it. The website will improve first-hand understanding for baby boomer as a buyer or seller and also will help other parties involved in real estate transaction (real estate brokers, attorneys, mortgage brokers, and other). Our Buyer Interview role is to completely mimic real estate agent questions to buyer that would results in understanding for both parties what exactly buyer’s requirements are thus providing hot lead to real estate agent and a good understanding for baby boomer needs (currently our algorithms are .geared toward average property buyer, but we can adjust it for baby boomer ever-changing requirements). The link provides some info on how this process works: http://www.justclose.info/technical-platform/

So Let Help Baby Boomers to decide….

Our website gives the baby boomers a choice to get help and advice from what we call Assistants (Real Estate Brokers, Attorneys, Finance Brokers, etc.), at any time during the transaction. Since the purpose of the Assistants is to provide basic or complex assistance to the Baby Boomers on a local level, it is likely that the buyers will use, and pay for these added services. Once Baby Boomer buyer become registered and familiar with the services provided, many will also list their properties on the site (specifically to downsize or whatever) as they see and come to appreciate website’s information capabilities, communication channels, and search options, use of ranking Assistants, expansive marketing tools, and ease of closing, Our suggestion is for all real estate professionals to establish local communities utilizing our platform. It will be free for baby boomers buyers and also will be very helpful for anyone in the real estate profession involved in such a relationship.