Boomers, those born between 1946 and 1964, the Government has divined this time period as the "Baby Boom Generation". Well my sense is anyone born between 1945 and 1954 will have great difficulty to retire any time soon. Moreover, those born after 1955 may well be subjected to new circumstances with Social Security.
I marvel at all the advice that is available from all media sources, internet, print and cable TV. The most interesting advice communicated to those of us in our 60's arrives by way of a young man or woman barely 30 years old who profess to have and know all the right things for us "seniors" to do to be successful in retirement.
Well, first of all where are these novices obtaining all their "guidance" from, their parents! Retirement will be very different for boomers than any of us had envisioned even just a decade ago. We are told we will live longer lives, supposedly 85 years old, and will need more money. What genius figured that out?
Many Boomers would like to continue to work. The big question is where will they work? Jobs are virtually non-existent. Anyway young people want dearly to get us out of the labor force. They need jobs too!
Change is a given and there is little one can do to avoid being caught up in the whirlwind of cultural shifts that are happening as sure as the sun rises and sets.
The one advantage Baby Boomers from the 1940's have is a wealth of experience and resilience in dealing with challenges. Formulate your own game plan for retirement. Be particularly wary of all the so called "sage" advice being handed out by "experts". Look to start your own business. Do not think of yourself as old. Sixty Five is the new Fifty-Five.
Retirement is not the end all but another step in the process of life. Make the next generation envious of what the "seniors" can accomplish. Network, research and execute, for the best opportunities are yet to be tapped and those that do not see this problem/challenge as an opportunity for success will lament their lack of courage to adjust, adapt and overcome for the rest of their days.