Conference on Retiring in Illinois -- March 23
February 25, 2005
URBANA -- Baby boomers are expected to inherit $13 trillion in assets —the largest transition of assets in U.S. history. Many boomers may choose to retire to a warmer climate rather than endure the colder winters in the Midwest -- taking their assets with them. In fact, statistics show that as many as 20 million people could migrate from northern to southern states over the next 20 years.

What, if anything, can communities do to encourage people to retire in Illinois? Answering this question is the goal of a conference sponsored by University of Illinois Extension entitled Attracting & Retaining Retirees. The conference will be held on Wednesday, March 23 at Starved Rock Lodge & Conference Center in Utica, Illinois beginning at 8:00 a.m. and ending at 3:30 p.m.

"Adults who choose to relocate at retirement age tend to be fairly active, well educated and with relatively high incomes," said Terry Feinberg, Extension educator and one of the presenters at the conference. "Attracting and retaining retirees can be one step in bringing much-needed services to a community or region, which will help better serve residents of all ages."

Feinberg said that the conference will be particularly helpful for community leaders in business, organizations and government, real estate developers, church leaders, and others who have an interest in providing for the future of their community.

Registration is required one week in advance. A $50 fee will be charged per person and includes a continental breakfast, lunch and all program materials.

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