Baby Boomers, born from 1946 to 1964, are planning to work longer, save more money and spend less, to reach any semblance of the retirement they once envisioned.
According to AARP:
According to AARP:
- 35 percent of those ages 45 to 54 have stopped putting money into their 401(k), IRA or other retirement accounts.
- 25 percent said they have prematurely withdrawn funds from their retirement accounts.
- 56 percent have postponed a major purchase.
- 24 percent have postponed plans to retire.
Here are some recent headlines about retirement planning:
- For Boomers, recession is redefining retirement AZ Central.com - AZ, USA Walker says that he had a clear plan for retirement before he lost his job. "But I don't have a clue anymore." While the economic crisis has forced Baby
- Many retirees find it necessary to rejoin the workforce Leader Times - Kittanning, PA, USA By Renatta Signorini, LEADER TIMES At a time when senior citizens should be able to relax, some retirees are finding it necessary to go back to work to keep
- Recession forcing retirees back to work and spooking younger workers The Salinas Californian - Salinas, CA, USA The shock waves are pushing some frightened investors out of stocks and forcing some retirees to return to work.
- WIVBMolson retirees: No beer WIVB - Buffalo, NY, USA Reuters reports that Molson retirees in Newfoundland, Canada will see their monthly allotment of beer fall from six dozen a month to zero.
Here are two retirement quotes:
- Life begins when the kids move out and the cat gets run over.
— Author Unknown
An inordinate passion for pleasure is the secret of remaining young.
— Oscar Wilde
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