The Baby Boomers Retirement Blog » Investment for Retirement

Are Boomers finally facing the naked reality?

Istvan Horvath — Sun, 03 May 2009 18:48:56 +0000

It has been said quite a lot about the baby boomers’ inability to face the reality of aging and retirement. However, there is a survey at the Aging Hipsters – The Baby Boomer Generation, one of the leading boomers sites. The “boomer” survey has one simple question: Will you have enough money when it comes time to retire? Possible answer: No – Maybe – Yes. Not surprisingly, only 27.44%, which means one in four, answered with a sound yes. Almost half of the responders, 42.08% said NO, while the remaining 30.48% is uncertain (maybe). Let me translate to you the meaning of this third of answers: “most likely no but I am embarrassed to admit

Baby Boomers: the wealthiest generation or financially retarded?

Istvan Horvath — Fri, 27 Feb 2009 01:54:18 +0000

The other day I had a discussion about my Pension Report (download it if you don’t have it yet) with two young men of my son’s age: early thirties. They were trying to convince me that the report together with upcoming Pension Manual might be useless, since the Baby Boomers — you, the Boomers, as they put it — are the biggest spenders of all times and the highest earners as well. While all that is true, I know for sure that the other half of the equation is also true. Namely, that we, the Baby Boomers are not prepared for our retirement. Read this random quotations from very respectable studies and reports, and you be the judge: The comprehensive study of nearly

Don’t panic about your pension!

Istvan Horvath — Wed, 03 Dec 2008 19:23:16 +0000

Yes, that’s the first rule when making decisions about your pension and retirement investments. Don’t ever panic! Acting under the pressure of fear, anxiety and other emotional factors… will always result in bad decisions. Knee jerk reactions have no place when you make a decision that could affect your long term wealth. I am aware that the media is bombarding you, and everybody else, with horror stories about the market meltdown and the looming economic catastrophe. Just say NO to all of them. The “news factories” are not reporting the news: they create the horror news to attract more viewers, readers, visitors. They indulge in these ‘crisis’