Baby Boomers and Retirement - The Dollar Stretcher
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The Dollar Stretcher blog will explore people and money.

Baby Boomers and Retirement

As many of you know, I'm a baby boomer. So it's only natural that I share many experiences and challenges with other boomers. One upcoming challenge is that I'm beginning to believe that many baby boomers will not get to retire. Not at age 62, 65 or 67. Not even at age 75. The reason is simple. Most of us simply haven't accumulated enough wealth so that we can live off of it for the balance of our lives.

I'm working on collecting the statistics and won't take your time for that here. Suffice it to say that I'm betting most boomers, if they're honest with themselves know that they haven't saved enough for retirement. Or maybe they thought that they were on the right track, but the drop in housing prices and the value of 401k plans put a hurt on their plans.

If you're a boomer how do you feel about your retirement plans? I'd love to hear what you think. As you enter or approach the 60's do you think that your plans are going well? Or are you becoming concerned that your nest egg just isn't big enough? Please shoot me an email and let me know what you're thinking.

Keep on Stretching those Dollars!




The Dollar Stretcher said:

As mentioned in an earlier post , I'm concerned about baby boomers and retirement. It's almost

February 10, 2012 2:58 PM

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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