Wednesday, April 15, 2009

Boomers Retiring Outside the USA

A new online community and social network was launched today. Niche portal "Boomers Abroad" is focused on baby boomers retiring outside the USA, notably in Latin America.

The number of Americans and Canadians living abroad is approximately 7 million, twice the population of Chicago and greater than that of 33 U.S. States, according to the Washington Post. This number is expected to more than double within ten years. In the next 20 years, 100 million N. American baby boomers are going to retire. "Five million baby boomers turn age 60 each year, 10,000 per day, eight per minute, and scores of them are purchasing property abroad as vacation homes or investment homes", according to the company’s press release dated today.

Founder Luis Miranda shares the Boomers Abroad vision, “Using the online community model, our goal is to provide the necessary information, education, guidance, resources, tools and alternatives to start boomers down the path of discovering and understanding all that living, retiring and investing abroad has to offer. Everybody learns from everybody. We understand the proven power of collaboration. It is collective wisdom.”

Explore this new community at Photo courtesy of Cristina Berg.

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