Search Results for: blog baby boomers and retirement

Bad News for Baby Boomers

We all know that Social Security is slated to run out of funds if the whole program is not fixed soon. But, that’s not the only governmental program set to run out of funds that could send baby boomers reeling. Estimates are that Social Security gives out about $40 to $50 million more than it takes in each year. That’s right – each year! But, maybe just as scary if not more so, is the fact that Medicare seems to be doing downhill as well. While the projection is that Social Security will run out of funds by 2036, estimates … Continue reading →

The Baby Boomers Have Taken Up Genealogy

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The Baby Boomer Generation seems to have taken up a new hobby. They are becoming genealogists, collectors of family history, and keepers of the family photos. It is very likely that when this generation was much younger, they never would have guessed that this would be how they would be spending their time in their “old age”. People born between 1946 and 1964 are part of the Baby Boomer generation. This generation was born after WWII ended, and there are a lot of them. Hence, the name “Baby Boom”. This is the group that came of age during the rebellious … Continue reading →

Medicare Will Gain Thousands of New People Each Day in 2011

The American Association for Retired Person’s, (AARP), has figured out that there will be a whole lot of new people joining Medicare in 2011. It is estimated that there will be 65 new Medicare beneficiaries every eight seconds, which comes to 7,000 new people each day. It has been said that this could drain Medicare this year. This is the year that many of the people in the generation known as the Baby Boomers will begin retiring. People who were born between 1946 and 1964 are part of the Baby Boomer generation, a time when over seventy-five million children were … Continue reading →

Falls and Brain Injury

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Breaking a hip isn’t the only thing to fear when an older adult has an unintentional fall. Brain injury can cause long-term problems, affect how a person functions, and even impact emotional well-being! Some unpleasant statistics from a U.S. Centers for Disease Control study: Traumatic brain injuries (TBI) from a fall resulted in nearly 8,000 deaths in seniors and more than 50,000 hospitalizations in 2005. The death and hospitalization rates for TBI increase as age increases. The average hospital stay for an older adult with a fall-related TBI is four days. The average cost of a hospital stay for an … Continue reading →

Couple Retirement Planning

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Ideally, couples should plan their long range and retirement goals together. Of course, it isn’t always easy to formulate a plan that both agree on. As a couple, you will need to take the time to sit down and discuss both individual goals and joint objectives. If you take the time to work together and come to some agreement on mutual goals and expectations, you are far more likely to come out ahead. It is easier to gain financial momentum when a couple can combine their assets and strengths. You don’t even have to have the same goals to do … Continue reading →

Late Start on Retirement

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Are you getting a late start on saving for your retirement? While this is not ideal, it is not impossible to catch up quickly – if you take the aggressive approach. People are living longer these days, so even if you thought you would have enough… as you near retirement, you might discover you don’t. If this is you, then consider some of these following options. Start learning to live with less. Change your lifestyle before you retire. This provides you two bonuses – you can learn to live on less income and you can use this reduction in your … Continue reading →

Retirement and Future Plans

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Often in our income earning years, we focus only on our immediate needs and wants. However, this is a very shortsighted view, one that could hurt you down the road. When you are in your prime working years, you will be accumulating the most wealth. In order to ensure you meet your long-range goals and plan appropriately for retirement, you must focus on the future. The time during your working years is the best time to invest for the future. You have the most opportunity to earn money and you have the advantage of time to let it build. One … Continue reading →

Baby Boomers and Retirement

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I was reading an article in the paper the other day that got me thinking… yikes… our largest generation is going to be retiring soon. What does this mean and how will it influence all of us? To be honest, I am not sure – but it left me with some questions and thoughts. I would love to hear any ideas you all come up with too! Just leave them in the comment box below. Baby boomers will need to start using their retirement money. This means large amounts of stocks will be sold. Thus, the process will move money … Continue reading →

Need to Furnish Your Home? Act Now

If you are looking to furnish your home any time soon, whether that means rooms of furniture or a few art and decor pieces, you may want to keep reading. That is because now is the time for great bargains from antiques to durable family-friendly pieces. Why is it the right time to furnish your home? There are a number of reasons. First, right now there are a lot of younger baby boomers going into retirement who are ready to downsize their living space. At the same time, older baby boomers are moving into retirement homes or with family. They … Continue reading →

Medicare is Going to Change

Medicare, as we currently know it, is about to undergo some big changes. This will happen no matter who ends up becoming the next President of the United States. People who are currently using Medicare, or who expect to be eligible for it soon, will want to keep an eye on these changes. The baby boomers are about to see some changes to the Medicare program. It is very likely that things will change in ways that this generation was not anticipating. It doesn’t seem to really matter who ends up being elected as the next President of the United … Continue reading →