In a recent survey, most 50-plus Baby Boomers - and especially those in their sixties - expressed a desire to simplify their lives by moving to a retirement location and/or downsizing their abode. But nearly all are frustrated in this desire by the dismal economy.

First, many older Boomers now have their college-graduate children moving back in because they cannot find jobs and financially survive on their own. Others are doubling up by accommodating relatives who have lost their jobs or have had their homes foreclosed. It's ugly out there.

Second, now is not the best time to sell a home. A lot of Boomers are upside-down on their mortgages and face foreclosure, walking away or doing a short sale. None of these are particularly attractive options. A better course is to rent out their home if they can at least break-even on expenses. Many Boomers are doing this and actually generating another income stream. Then (with their credit score intact) they are renting in a location of their choice. And holding their breath in hopes that the real estate market will eventually turn around.

Whatever your dilemma, know that you are not alone. We live in strange times. New challenges abound, and Boomers are experimenting with ways to meet them. Think creatively to find innovative solutions. Look inward to clarify your goals and explore possible strategies. The answer will come.