The Baby Boomers Retirement Blog

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

Lately quite often during discussions with my clients about the retirement perspectives of the Baby Boomers I hear a question like this: Is the looming pension crisis of the Baby Boomers related to the recent financial meltdown? My answer is always no, and here is why. The visible signs of the financial crisis we are going through started to show up just at the end of last summer and then during the fall of 2008. (The root causes have been present much earlier, but now we will skip the analysis of the credit crunch…) On the other hand, the signs — the writing on the wall, if you wish — telling about the pension gap threatening the Baby Boomers were obvious for quite a