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

PRE-RETIREES VIEW THEIR TWILIGHT AS 3 DISTINCT PHASES OVER 30 YEARS!

"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

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

It is our pleasure to provide a recommendation for Bill Marshall as a real estate agent within the Robson Ranch Community. We loved our home in Robson and the community, but then we decided that we wanted to spend several years travelling full time within the USA in our RV and also internationally. We decided to sell our favorite home and enlisted the help of Bill. Although Bill is a very busy agent/broker, we never felt rushed during the time he spent with us. Bill is a very attentive agent; he returned all phone calls in a very timely manner and was always on time to meetings.

Bill is very honest about changes that needed to be made to the property in order for it to sell for top dollar. For very few changes, we were able to sell it at the second highest resale price in the history of Robson Ranch. His advice was spot-on.

Whether buying or selling, we heartily recommend Bill Marshall. As a resident of the community, he knows it like the back of his hand. He can find buyers the home of their dream (often before it even comes on the market.) If you are selling, you cannot ask for a more honest, capable, and patient agent/broker.

If was our pleasure to work with Bill and if we should decide to move back to Robson once our wanderlust subsides, he will definitely be our realtor of choice.

Sheri and Jack Twiggs
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
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