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SPOTLIGHT
Discovering your place
In her new book, Barbara Corcoran identifies 100 places where retirees might wish to settle.
Securing retirement

Spotlight: real estate mogul Barbara Corcoran

The opposite extreme would be the "Zoomers," who don't want to be in a fixed place.

Where do you fit?
Fire sale in Florida.
The Huddlers.
The Zoomers.
The Ruppies.
The Boomerangs.
Aging in Placers.
Graviting to youth.
Favorite places abroad.
A place of purpose.
3 favorite spots.

Yes, they're the typical Type A personality. They're open to anything; they'll go to Panama City or Nicaragua or Africa, because to them it's all about: How much juice can I get out of life? They don't see it as a last chapter, a winding down; they see it as a freedom time in their life when they can be in a totally new environment, yet many of these people keep their original home or a smaller home. They want that excitement that they can zoom in and out of. I don't think this group is ever going to slow down.

The "Ruppies," retired urban professionals, are most likely to continue working in retirement, right?

I once thought that people who wanted to work into their later years were probably workaholics, but I didn't find that to be the case. With "Ruppies," it was often the woman of the household who had barely worked who really wanted to start a business or get involved in business just as her husband was trying to wind down. That's a hard conflict to come to terms with. And these "Ruppies" are a big portion of our population; I found that one in four people, and very often both sides of a couple, really wanted to continue working in some capacity and be paid when they retire. Most often it was not because they needed the money; it was because they really enjoyed the satisfaction of work. Depending on what you did for a living or what kind of work you want to do in retirement, it's so easy to search on the Internet for that nuance to find which cities are most business-friendly to older people who want to be in business.

The "Boomerangs," an updated version of the classic "snowbirds," are at the forefront of fractional ownership and other sharing options, to where they can be part-time in several places.

What's great about this time in their lives is there are a lot of options out there that didn't even exist a while ago. You have everything from time shares, which have a lot of liabilities, to fractional ownerships, which I prefer, to house swaps to part-time villas and even renting ship cabins and traveling around the world. What's great about a "Boomerang" is, it's probably the easiest jump to take because you can keep what you have, or a form of what you have, and yet jump out into this other world and keep jumping back. It's not a stalling-off of retirement, it's "I want it all."

-- Posted: June 23, 2008
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