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

Trying to figure out how to live on a retirement income is a worthwhile exercise, yet many people overlook some possible money traps. The things we don’t always think of can have an impact on our finances. As you will see, these things are never more important than they are during retirement. Travel. While ‘travel’ is mentioned specifically, it really refers to anything we’d like to do for fun. You’ve already paid your dues working for a boss, now is your chance to do the things you always wanted to do. But that fun can add up, so be sure to figure it into your calculations. Health concerns. Not to sound depressing, but aging is a slow deterioration of the