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The Shifting Meaning of Being Old, from an Investors view.


"Old" is being 15 years older than whatever age we are now, to paraphrase Oliver Wendell Holmes. A new study by UBS Wealth Management Americans may bear that out as wealthy investors say they will not feel "old" until they are 80. But their parents are old at age 62.

"People do not see retirement as a sign of being old, as it was for their parents", said Emily Pachuta head of investor insights at UBS Wealth Managment for Americas. "What we're hearing from people is that age is nothing more than a number and the age when people feel old has gone way up."

A Survey of 2,319 invesor reveals that , rather than being a specific age, old is best defined when we loose the ability to live in our own home (71%) and drive our own car (67%).

Most (90%) of the working investors surveyed who were under the age of 65 - or "re-retirees" - believe retirement may last as long as 30 years, a life - stage defined in three phases. Retirment will begin with a period of reduced work hours or increased volunteerism, followed by a time of travel and leisure and finally a stage of health concerns and diminisheing independence.

"What investors are telling us is that retirement is one word, but it is not one phase," Pachuta noted. "People now see retirement as being one third of their expected life, and it is marked by distict phases each with different wants and needs."

The pre-retirees surveyed expressed an optimism regarding the financial resources they will need during these three stages of retirement. estimating 58% of their previous annual income would fund "Phase I" 63% for Phase II and 56% would support Phase IIIFinancial planners commonl estimate 75-80% of pre-retirement income is required to maintain financial security in retirement.

Additional highlight of the UBS survey include:

  • Nearly half of investors desire to be travelling at age 65 compared with the 22% of respondents who said they want to remain working in some capacity at that age.
  • 33% of the investors surveyed expected to change homes when they retire.
  • Of the investors who have adult children between the ages of 18 and 29, 36% say they make key financial decisions for them or are always consulted on important financial matters.

Hal M. Bundrick, The Street

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Bill Marshall
BBS Realty
Broker BBS Realty 8812 Landmark Ln
Denton, TX 76207
Phone: 940-390-9789
Email: Billmarshall@RobsonRanch.net


Bill Marshall managed our rental house on Grandview Drive for 8 years. We were absentee landlords living in Virginia. Bill took care of everything concerning the rental. He collected the rent money and deposited it in our bank account. He took care of all the maintenance in our absence, arranged for new tenants, took care of getting the house ready for the new tenants such as arranging for the cleaning before they moved in. He did other numerous things, such as arranging for a new water heater and a new AC system to be installed. He took care of many of the renters' needs, such as changing smoke detecting alarm batteries and light bulbs, preparing the sprinkling system for winter, arranged for yard maintenance, and the repair of a water leak in the front yard. When we sold this house, Bill took care of the closing in a very professional way. We highly recommend him as a real estate rental manager. Bill was our realtor when we bought and closed on our present residence on Oak Brook Court. We were not in Texas when we closed. Both the sale and closing were very well done with no problems. Before we moved in. Bill arranged for a flooring and grout company to put in new floors and countertops. We were very pleased with everything. We highly recommend Bill as a realtor. Cal & Mary Mullins
We realized what a professional, detailed, and thorough realtor Bill Marshall is when we sold our home at Robson Ranch and our home in Florida within days of each other. Bill made the process go so smoothly and seamlessly; but the sale in Florida was bogged down with miscommunication, delays, confusion, and frustration. Bill was also our rental agent and again, he handled everything for us, with no worries. We would recommend Bill Marshall to anyone looking to move to Robson Ranch, TX. He is knowledgeable about Real Estate, and also knows all about the amenities and activities in the whole area. And if he doesn't know - he'll find out!! With Bill, the customer comes first and proves that every day. Sheila and Allen Wolf.
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