Now, let's continue the retirement saga:
The Big Payoff
The big payoff came in 1935 when a Californian, Francis Townsend, proposed the government pay all those who retired $200/month at a mandatory retirement age of 60. In response, FDR proposed The Social Security Act of 1935, which made workers pay for THEIR OWN retirement.
The Great Migration
A great migration to the south began in the 20’s and the 30’s to places like Florida. Golf courses doubled and tripled during these times. Activities called leisure time had seniors and the elderly working at play.
Age Without Change
New organizations and magazines sprung up everywhere. Old-fashioned trailer parks were turned into "Retirement Communities." Del Webb started upscale communities to service all those chomping at the bit to get to work at leisure activities with their own kind. "The Villages" concept communities were born. Stepford-like cities sprang up, relying on golf carts as a major means of transportation. Golf courses were shortened, giving the residents the illusion of age without change!
As a follow up and conclusion to this piece, I will give you the one word answer I am giving to our current clients regarding retirement and how to figure out how to fund it in advance. Talk to you next week.
For more videos and insider secrets, go to our site at www.enspheremg.com or contact Chris directly.
Mike Giffin, Ensphere Marketing Group
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