Don’t Stop Thinkin’ About Tomorrow

Retiring Boomers must plan for a life, not just a 401K

Evidently, boomers aren’t giving enough thought to how they want to live their lives if and when they’re no longer working full time.

We all remember stories from our parents’ generation. The stay-at-home wife made her peace with the idea of her husband being “under her feet” (that’s the expression my grandmother used) all day, well before her man got the gold watch and the glass of punch.

But then, way too often, the retiring man would spend his last day at the office, wake up the next morning, and not have a single idea of what he might want to do with his time. Or maybe he’d decided that a life of golf would suit him, and found out within a couple of weeks that he needed something…else. Something…more.

Sometimes, these gentlemen would find their minds and bodies in a rather rapid decline, if they didn’t find worthy and fulfilling occupations. Now it’s the Boomers’ turn.

ABCNews is reporting that unless our generation of retirees has interests in place, depression can easily set in. And in the absence of the social network provided by work mates, we’d better have some great friends.

Social worker Sherry Parrish says:

So. Maybe you’ve got a so-called retirement plan in place. But if it’s just about the money, it’s not gonna’ cut it. Do you have a plan for your time and for your mind? Do you have friends and interests and maybe even a cause?

Something to think about, eh?

1. It is possible the boomers will divest at the same time and cause the market to recede. It is also possible they will leave their money there, in different assets, and nothing will happen.

   Posted by Toronto Gazebo  on  08/01/11  at  01:35 AM

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2. G-Star Raw was conceived in 1989 and is a Dutch clothing company that specialises in designer urban clothing ranges. Although the brand features shirts, t-shirts, knitwear and coats in its range, G-Star Raw clothing is particularly fashionable right now due to its innovative use of denim.

   Posted by Skate Clothing  on  09/14/11  at  05:07 AM

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Are You a Late Boomer?

If looming retirement is catching you off-guard between an aging parent and a revolving-door kid, you might be. If you've delayed travel only to discover they've changed the names of all the countries, you are. And if you're a member of the Baby Boomer Generation who's ready to give back but you've forgotten where you put it, stay tuned. From healthcare to personal finance, from career changes to volunteerism, it's time to boom where you are planted.