The Boomer generation is more likely to find something else, another avenue of expression for their “Second Act” in life after retirement then the previous generation.
Boomers tend to be healthier, active and more engaged in life, rather than being passive and giving into physical changes in their health and personal relationships.
And certainly they don’t plan to give into being old or elderly, because they ( And myself included) feel that there is still so much more to do in their lives and plan on enjoying every moment of it right down to their last breath.
After entering the work force, marriage and having a family, many of us gave up on some of the dreams we may have had when we were younger because we became obligated and sometimes burdened with responsibilities to our family and our jobs.
And time went on and the dreams slipped away and seemingly became unrealistic and unreachable and sometimes forgotten.
The hurdle to making these latent dreams happen now, might be financial and if that is the reason for feeling as though you still cannot pursue your dream consider using some of your home’s equity by putting in place a reverse loan.
There won’t be any mortgage payments and when you pass away, your home will still go to your heirs and they can keep or sell it just like they would as of this time, if you were to “exit”.
“When you think it’s too late, be careful and don’t let that become your excuse for giving up” Deshun Wan.
What would some of those dreams look like?
Culinary school, wine making, travel expert, anything in the Arts, getting a new college degree in a field you are interested in, taking a hobby to a new level? The possibilities are endless for reinvention of ourselves and the only limitation comes from our lack of belief that it’s still possible.
The equity you have in your home could certainly be a resource to fund your next adventure, your next chapter in your life and possibly facilitate a new and life fulfilling experience for you that you never thought could be possible.