Baby Boomers Need To Plan and Strategize To Overcome Increasing Housing Costs in Retirement
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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