The Baby Boomers Retirement Blog » money

Do You Have Enough Money For Retirement?

Istvan Horvath — Sat, 13 Jun 2009 18:32:42 +0000

The economy is in a sorry state. Whether that is true where you live right now, or not, there is no doubt that financial markets are constantly rising and falling. The younger you are, the more able you will be to ride out the fluctuations, but youth is still no guarantee of a secure future. For people nearing retirement this can be nerve-wracking. Baby boomers, for example, are going to need their retirement savings and pensions sooner rather than later. Know where you are – Before you can do anything about improving your retirement income, you need to have an idea of where you’re starting from. The more honest and thorough your assessment, the better. Add up all of your

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