Over two decades of real estate experience, Timothy Powers of Alamo, California has advised homeowners and homebuyers on a variety of issues. With the economy in such turmoil, Alamo-based Timothy Powers is seeing an increase in concerns about home sales. Nowhere is that concern more prevalent, Alamo’s Timothy Powers observes, than among the baby boomer generation.
Timothy Powers is an Alamo-based foreclosure specialist and real estate agent. With more than twenty years of experience in the field, Alamo’s Timothy Powers has dedicated himself to helping those dealing with foreclosures through his company, East Bay Foreclosure Support. Timothy Powers knows many Alamo & California baby boomers who have been hit hard by this economy, with many of them having counted on investments and home sales in order to retire.
The truth, Alamo’s Timothy Powers points out, is that many baby boomers will have to work longer than previous generations. In fact, in a recent AARP survey of baby boomers, 40 percent responded that they plan to work “until they drop.” Alamo resident Timothy Powers frequently counsels boomers and has a few tips on surviving this tough economic time.
The biggest piece of advice Timothy Powers offers Alamo boomers suffering financial difficulties is to scale down. “Less is more,” Alamo’s Timothy Powers says, adding that many Americans have had to cut back financially. Timothy Powers notes that learning the difference between what you need and what you want could help remove some of the financial burden.
“As a whole, Americans aren’t spending as much,” Alamo-based Timothy Powers says. “Recovery has been much slower than was originally anticipated.”
The timing of the economic slump is unfortunate for many Alamo & California boomers, says Timothy Powers, since many had worked and saved all their lives to be able to enjoy life after 60. But Alamo’s Timothy Powers points out that by cutting back and scaling down as much as possible, they may still be able to retire. Set up a plan and follow through, Timothy Powers advises his Alamo clients. Even scaling back enough to survive on a part-time job might grant the luxury of enjoying retirement years without going broke.
Alamo resident Timothy Powers is the founder of East Bay Foreclosure Support, a company that provides legal, emotional, and physical support to those suffering from illness or military deployment while undergoing possible foreclosure. East Bay Foreclosure Support can be found on the web at www.eastbayforeclosuresupport.com.