As soon as many Americans begin working, they simultaneously begin planning their ideal retirements too.
According to a survey of 2,000 respondents by Provision Living Senior Living Communities, 52 percent of Americans say they think about retirement four or more times per week and the average ideal age for retirement is 60 — although millennials plan to retire earlier (56) than their baby boomer counterparts (64).
More than 78 percent of respondents say they’d like to stay stateside with Miami, San Diego, Denver, New York, and Orlando being the top five locales for retirees. Twenty-one percent said they’d like to live abroad with Italy being the top choice.
When it comes to their dream home, respondents said they’d like a one-story ranch near a coastal or beach setting. Millennials plan to have a bigger home at 1,890 square feet while baby boomers would like a property no bigger than 1,500 square feet.
Although these Americans have big plans for retirement, how close are they to actually making it happen? On average, respondents said they’d ideally like to have $610,000 in savings, with millennials saying they need more to retire ($687K) than baby boomers ($574K).
But, when asked how much they’ll realistically have in retirement savings, respondents, on average, said they’ll only have $276,000. By age group, millennials said they’ll have at least $357,000 in savings — $129,000 more than baby boomers.
Recent academic and consumer reports from groups such as the Harvard Joint Center for Housing Studies and companies such as Houzz and Zillow have highlighted baby boomers’ needs as they begin planning for retirement, with the greatest concerns being financial stability and accessibility.
The Harvard Joint Center for Housing Studies’ Housing America’s Older Adults study revealed that baby boomers are delaying retirement — Americans aged 65 to 79 have experienced 10 percent increase in wages over the past five years, signaling the fact that they’re staying in the workforce longer.
Despite that uptick in wages, JCHS says 9 million households aged 50 and over are barely raking in $15,000 per year, making the goal of having $574,000 in savings impossible.
Beyond affording retirement, baby boomers are increasingly looking for accessible housing, which includes ramp access, one-story home layouts, and bathrooms with safety bars and lower shower clearances.
Credit: https://www.inman.com
Month: December 2018
Glenview Subdivisions with Single Family Homes for Sale
Bel Air Gardens – 1 home for sale
Bel Air Gardens is a single family home subdivision built in the 1950’s and 1960’s. Bel Air Gardens is located in Glenview, Illinois south of Harrison Street and east of Greenwood Avenue.
Bonnie Glen – 2 homes for sale
Bonnie Glen is a single family neighborhood built in the 1960’s. Bonnie Glen is located in Glenview, Illinois south of Lake Street east of Waukegan Road.
Cambridge at the Glen – 1 home for sale
Cambridge at the Glen is a single family home and townhouse community built in the early 2000s. Cambridge at the Glen is located in Glenview, Illinois east of Patriot Blvd. and north of Lake Avenue.
Chapel Crossing – 2 homes for sale
Chapel Crossing is a single family home neighborhood built in the early 2000s.
Chapel Crossing is located in Glenview, Illinois on Lake west of Waukegan Road.
Chesterfield – 1 home for sale
Chesterfield is a townhouse community built in the early 1960s. Chesterfield is located in Glenview, Illinois south of Central Road and east of Greenwood Avenue.
Countryside – 5 homes for sale
Countryside is a subdivision of single family homes built in the 1940s and 1950s. Countryside is located in Glenview, Illinois south of Glenview Road and east of Route 21.
Eagle’s Nest – 1 home for sale
Eagle’s Nest is a single family neighborhood built starting in 2006. Eagle’s Nest is located in Glenview, Illinois north of Euclid Avenue and west of Landwehr Road.
East Glenview – 1 home for sale
East Glenview is a single family home community located in Glenview, Illinois east of Harms Road and north of Glenview Road.
Estate Lane – 2 homes for sale
Estate Lane is a single family home community built in the 1970s. Estate Lane is located in Glenview, Illinois south of Lake Avenue and west of Greenwood Road.
Eugenia – 4 homes for sale
Eugenia is a single family home neighborhood located in Glenview, Illinois. Eugenia is located east of Washington Road and north of Golf Road.
Flick Park – 1 home for sale
Flick Park is a single family neighborhood in Glenview, Illinois. Flick Park is located on Pfingston west of Glenview Road.
Glen Oak Acres – 15 homes for sale
Glen Oak Acres is a single family home neighborhood. Glen Oak Acres is located in Glenview, Illinois north of Lake Avenue and west of Wagner Road.
Glenayre Park – 5 homes for sale
Glenayre Park is a single family home neighborhood located in Glenview, Illinois. Glenayre Park is south off Glenview Road on Glenayre Drive.
Glenlake Estates – 5 homes for sale
Glenlake Estates is a single family homes and townhome community built in the early-to-mid 1990s by The James Group. Glenlake Estates features 66 town houses with floor plans ranging from 1,937 to 2,363 square feet of living space. Glenlake Estates features 106 single family homes with floor plans ranging from 2,640 to 3,400 square feet. Glenlake Estates is located in Glenview, Illinois on Pfingston north of Lake.
Glenshire – 2 homes for sale
Glenshire is a townhouse and single family home neighborhood built in the 1960’s. Glenshire is located in Glenview, Illinois. Glenshire is south of E. Lake Street and east of Shermer Road.
Glenview Terrace – 1 home for sale
Glenview Terrace is a single family home neighborhood. Glenview Terrace is located in Glenview, Illinois off of Glenview Road east of Shermer Road.
Golf Acres – 3 homes for sale
Golf Acres is a single family home neighborhood. Golf Acres is located in Glenview, Illinois east of Waukegan Road and north of Golf Road.
Haverford – 2 homes for sale
Haverford is a single family home and condo maintenance free community built in the mid 2010’s by Concord Homes. Haverford features 48 condominiums with floor plans ranging from 1,417 to 2,203 square feet of living space. There are 50 single family homes with floor plans ranging from 4,337 to 4,881 square feet of of living space. Haverford is located at Willow and Waukegan roads in Glenview, Illinois.
Heatherfield – 3 homes for sale
Heatherfield is a single family home, townhome and condo neighborhood built in the late 1990’s and early 2000’s. Heatherfield is located in Glenview, Illinois west of Waukegan Road between Winnetka and Willow Roads.
Indian Ridge – 1 home for sale
Indian Ridge is a single family home neighborhood built in the 1980s. Indian Ridge is located in Glenview, Illinois on Landwehr north of Lake.
La Fontaine – 5 homes for sale
La Fontaine is a single family home neighborhood located in Glenview, Illinois. La Fontaine is south on Robin Lane off E. Lake Avenue.
Northfield Woods – 2 homes for sale
Northfield Woods is a single family home neighborhood. Northfield Woods is located in Glenview, Illinois south of Euclid Avenue and west of Milwaukee Avenue.
Oak Hill – 1 home for sale
Oak Hill is a single family neighborhood located in Glenview, Illinois. Oak Hill is north of W. Lake Street and west of Landwehr Road.
Park Manor – 6 homes for sale
Park Manor is a single family home neighborhood. Park Manor is located in Glenview, Illinois south of Central Road and west of Harlem Avenue.
Southgate on the Glen – 3 homes for sale
Southgate on the Glen is a single family and town home community built in the early 2000s by Edward R. James. Southgate on the Glen is located in Glenview, Illinois north of Lake Avenue and west of Shermer Road.
Sunset Park – 4 homes for sale
Sunset Park is a single family home neighborhood built in the 1950s. Sunset Park is located in Glenview, Illinois north of Lake Avenue and east of Waukegan Road.
Swainwood – 5 homes for sale
Swainwood is a single family neighborhood built in the 1950s. Swainwood is located in Glenview, Illinois north of Glenview Road and east of Shermer Road.
Tall Trees – 3 homes for sale
Tall Trees is a single family neighborhood built in the 1960s. Tall Trees is located in Glenview, Illinois north of Lake Avenue and west of Waukegan Road.
The Circles – 1 home for sale
The Circles is a single family neighborhood located in Glenview, Illinois. The Circles south of Glenview Road and east of Waukegan Road.
The Enclave at the Grove – 5 homes for sale
The Enclave at the Grove is a single family home gated community built starting in 2017. The Enclave at the Grove is being built by David Weekley Homes and will feature 48 homes located in Glenview, Illinois east of Route 21 (Milwaukee Avenue) and south of Lake Avenue.
The Glen – 6 homes for sale
The Glen is a condominium, townhouse and single family home neighborhood built starting in the early 2000’s. The Glen is located in Glenview, Illinois north of Lake Avenue off of Patriot Blvd.
Virginia Woods – 1 home for sale
Virginia Woods is a subdivision of single family homes located in Glenview south of Euclid Avenue and west of Milwaukee Avenue.
Westfield – 4 homes for sale
Westfield is a single family home neighborhood. Westfield is located in Glenview, Illinois east of Milwaukee Avenue and north of Golf Road.
Willows – 7 homes for sale
Willows is a single family home neighborhood built in the 1960s and 1970s. Willlows is located in Glenview, Illinois east of Pfingston Road and south of Willow Road.
Woodland Grove – 2 homes for sale
Woodland Grove is a single family home subdivision. Woodland Grove is located in Glenview, Illinois south of Lake/Euclid Avenue and east of Milwaukee Avenue.