Also in this playlist...
This transcript is automatically generated
And welcome back we'll look at and make it a booming investment.
Well as a number of retiring baby boomers source -- of the opportunities to cash -- so were the best places to invest your money.
Joining -- is certified financial planner Jerry lynch this morning Gerri nice to see if the morning played so -- -- baby boomers we know they're retiring the wise it's a good time for investing.
-- -- in the next forty years one out of every four people the United States is going to be retiree.
So the amount of pull it they're gonna have on the market the transit they have -- gonna have a tremendous impact on what's gonna make money was not gonna make money so.
If you're on the on the right side of that curve you're gonna you gonna do well OK so we have four phases of retirement here.
So these are the four faces that baby boomers are gonna go through and they may be great investment times for us talk about number one here pre retirement.
Pre retirees are people who are looking to retire within -- -- five or ten years or in the in the in the phases where they're trying to make sure the ducks in a row.
So one of things to -- it might be doing right now is -- kids may have moved out of the home in May be thinking about downsizing which leads for opportunities for.
For builders to to build -- nice properties when my clients had mentioned to me that.
He's not looking to he's looking to downsize but he's not looking to go to lower quality.
So new were appliances everything they want it but you can have is going to be top of the line so maybe even some rental properties to that you could do you could spruce up -- low low.
Low cost property clean it up.
Puts a new appliances -- there rented to a retired here couple again there's a tremendous opportunity because they're coming from bigger houses and had a few kids in them too.
Something where they want low maintenance who want things to be very simple.
And if you could provide and that type of of servers you gonna do very well.
-- -- from pre retirement now number two and it was just early retirement what's that.
Early retirement is is really the beginning phases of retirement you just left here full time position.
But a lot of these individuals -- not really ready to go well what I would say cold Turkey off work to working part time is something that they really like to do.
Another of the best health of their life they have money and they wanna basically go on have a lot of fun so they may go out by a luxury car they made by that Harley Davison and they've always wanted.
You know going on vacation on a regular basis but they're still very active in -- enjoying themselves and have some -- which goes to full retirement the next phase number three.
Full retirement is when you you've already gone through all the toys you know you've got -- medications and -- -- point where.
You're older and restored slow down a little that you still wanna have fun you're still doing physical exercise playing your golf games playing tennis which -- not doing it at the extent that you were before.
You're gonna need more help around the house you're gonna need somebody to cut the grass -- the driveway things that you may have done previously.
-- now using them for.
And I think the opportunity investment there is that it again a lot of services and local level that could provide things that people need us they no longer want to do we're gonna do tremendously well on this type of environment and -- things can't be outsourced also final retirement is your last one here -- and before.
But retirement is really when you're getting to a point we're.
You know you get up there you know you need more help just getting around.
Your medical bills are getting a lot -- not a prescriptions using a regular bases are a lot higher.
And it's just a point where you're gonna need more services home care agencies nursing facilities.
And medical care would be tremendous during this period of time generally in this area people usually of one -- is a husband and wife they're sharing the same -- -- not buying those two cars anymore.
But they're really in a point where they're very conservative they just want to make sure they could pay for the cost of care.
Great tips Gerri thanks so much if our viewers missed any of these tips from -- lynch go to a foxnews.com while -- video up there as well Gerri thanks so much you --
Filter by section