October 2, 2018
Over 10,000 baby boomers are turning 65 every single day and will continue to do so for the next 10 – 15 years. That has never happened before. More people will actually be retiring than entering the work force. Ironically, the boomer generation, who for all intent and purposes, did considerably better financially than their post-Great Depression Era generation parents did are at a crossroads.
Many have lived well and planned poorly. Growing up in the booming post WWII economy, the mantra was to get good grades, go to college, get a good job and retire with a big fat pension. It sounded great but no one ever said that mid-career corporate America would do away with pension plans and place the responsibility for our retirement squarely on our shoulders.