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Tag Archives: durable power of attorney

How To Avoid The Big Housing Crunch Awaiting Many Baby Boomers

There Are Dire Predictions For Baby Boomers But It Can Be Overcome With Planning

Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years.  Notwithstanding the estimated costs of $220,000 a couple will need in retirement for health care costs housing costs will dwarf that number as most experts believe that boomers will be forced to spend in excess of 30% of their monthly incomes supporting their abodes.  The struggle is just beginning because housing costs, both for ownership and for rentals, is skyrocketing throughout the country.

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Durable Power of Attorney – What Is It And Do You Need One?

Durable POA

A Durable Power of Attorney Can Provide Peace Of Mind, Comfort, and Ease of Transition For Families

As baby boomers approach retirement age there are many considerations which should be addressed regarding preparation for transitions and changes in their lifestyle.  Generally, most people will have to rely on others to help them at some point in their lives, whether it’s daily or periodic help.  Additionally, unforeseen circumstances and events can transpire which can lead to disruption in their daily or future routines.  In order to be prepared everyone, including children of senior baby boomers, should understand what a Durable Power of Attorney (POA) is, and consider having them in place as soon as reasonably possible.

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