Money Tip for You Affluent Baby Boomers!

Many affluent boomers are enjoying the benefits of destination clubs. Colorado is home to five of roughly 20 luxury-residence clubs in North America. The industry is now going through a wake-up call after Connecticut based Tanner & Haley filed for Chapter 11 bankruptcy protection in July of this year.

This left members scrambling to recoup their deposits which ranged from $85,000 to $1.3 million!! Ouch! This is not how the good life is supposed to play out so take heed and review the financial health of these clubs before sending the dough!

Steve Mertz
Feel Free to Invite Me as a Guest!

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