The Baby Boomers Retirement Blog

Many times I have been told that my Baby Boomer Retirement Blog presents an extremely dark picture of the future… Really? You can disagree with this blog but you can not totally ignore one of the most influential financial media outlet: the Wall Street Journal. Here is what they said recently: Is it too late to save your retirement? For many, the answer is surely yes. News out this week shows that 29% of those who have already retired have saved nothing at all to support themselves, while only a third have saved at least $50,000. To put this in context: A retirement account of $50,000 will provide a 65-year-old man with an annuity of just $4,000 a year. Does this sound to you as a

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

Almost everybody needs a digital pension. What the heck is a “digital pension”? – you may ask and you are right in doing so. Let me remind you that we live in a digital era. The Digital Revolution meant the end of the Industrial Age and the beginning of the Computer Age or Information Era. Nowadays, many people tend to think of the Information Age or Digital Era in terms of cell phones, digital music, high definition television, digital cameras, email on the Internet, the Web, and other relatively new products and services that have come into widespread use. The pace of change brought on by such technology has been very rapid. One of the biggest changes that influenced

101 Ways To Retire–Or Not! Active Retirement in the 21st Century from Sue Perlgut on Vimeo.

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

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’