Baby Boomer Retirement Plans & Retirement For Baby Boomer Generation
Posted by admin in Business life insurance on Jan 4th, 2012 | 1 comment
www.financialadvisorhouston.com Baby Boomer Retirement Plans and Retirement For The Baby Boomer Generation When Traditional Pensions Are No More And Social Security Is Shaky At Best – How Do You Plan For Retirement? As a baby boomer, there are many things to consider when planning for your upcoming retirement. Planning for retirement is not as easy for this generation- not only are life expectancies rapidly increasing, but many of you are financially facing both their upcoming retirement and the possibility of funding college education for their children, or even caring for your aging parents. Planning for so many major expenditures can pose a challenge for members of your generation. In addition, this generations retirement vision differs greatly from generations past. While previous retirees were content living quiet lives after retirement, baby boomers have plans to see the world, explore new opportunities, spending their days enjoying more time with family members, friends or even enjoying their current hobbies, or trying new ones. Traditional Pensions No More Most industries have done away with traditional pensions or defined benefit plans, a form of payout which is often provided to an employee based upon their years of service and recent annual earnings. Instead, companies are switching to defined contribution retirement plans, such as the 401K or 403B. Here are some tips to help you leverage an employer sponsored, defined contribution plan • Invest as much as your …
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I use to believe in all of the techniques you mentioned. Now that I know beyond a shadow of a doubt how corrupt our investment system has become I ponder the future. What I would give to find an honest investment vehicle backed by people with strong ethics and integrity, Chinese banks perhaps? It seems in this day in and age you cant trust any investment other than cash and perhaps precious metals. The government is doing its part to trash cash.