My husband and I know personally how your retirement can be affected by losing your job. Both he and others we know lost their jobs of many years because of a variety of reasons. Most of which had to do with down-sizing, budgetary cuts and change in management. Regardless of the reason, losing a job not only affects one's retirement but current lifestyle and self esteem. We will deal with those issues at a later time, but wanted to share the following article with you.
I know, just what you need, one more thing to think about in your quest for a successful retirement. But these are the things that everyone must think about when they are designing their retirement plans.
http://www.chicagotribune.com/business/sns-yourmoney-1001journey,1,7896842.story?coll=chi -business-hed
PLAN NOW -- RETIRE EARLY!
Wednesday, October 11, 2006
Tuesday, September 26, 2006
WOMEN BABYBOOMERS AND RETIREMENT
Even though my husband and I retired together, I am constantly reminded of how many women are heading into retirement as a single woman. I personally know several women who are single and are babyboomers or already retired. I have a best friend whose husband died unexpectedly at the age of 56. She herself is still in her early fifties and still working a full-time job. I know that we never know what life holds in store for us; but I also know that there is a chance that she shall enter her retirement as a single woman. I feel a need to try to reach out to this demographic and try to bring articles of interest to them. I will also bring to their attention websites of interest.
I found this article about women and retirement that I would like to share with our blog readers.
A recent national survey of employed adults commissioned by the Transamerica Center for Retirement Studies revealed that many women are not as prepared as they should be for retirement. Women are lagging in total savings, averaging nearly $51,000 less than men. They are also underestimating how much they need to save for a comfortable retirement, with estimates nearly $300,000 less than those given by men. The survey, however, found promising opportunities for women that might be easily overlooked but can significantly improve their chances for a more secure retirement. To read the rest of the article, please go to this link: http://www.dentalplans.com/Dental-Health-Articles/Six-Retirement-Tips-Every-Woman-Should- Know.asp
I would love to have any women who are babyboomers and/or in retirement to add comments about the value of this article. I will follow up with more articles and websites of interest
Retired and Ready to: (Your choice).
I found this article about women and retirement that I would like to share with our blog readers.
A recent national survey of employed adults commissioned by the Transamerica Center for Retirement Studies revealed that many women are not as prepared as they should be for retirement. Women are lagging in total savings, averaging nearly $51,000 less than men. They are also underestimating how much they need to save for a comfortable retirement, with estimates nearly $300,000 less than those given by men. The survey, however, found promising opportunities for women that might be easily overlooked but can significantly improve their chances for a more secure retirement. To read the rest of the article, please go to this link: http://www.dentalplans.com/Dental-Health-Articles/Six-Retirement-Tips-Every-Woman-Should- Know.asp
I would love to have any women who are babyboomers and/or in retirement to add comments about the value of this article. I will follow up with more articles and websites of interest
Retired and Ready to: (Your choice).
Thursday, September 07, 2006
WHAT DO YOU REALLY KNOW ABOUT RETIREMENT?
One of the things that I have enjoyed since we started this blog about early retirement is doing the research on baby boomers and retired people and those who "want to retire". Just when I think that I won't find something new, I come across the information that you will find when you go to the link provided at the end of this post. It is interesting to see how much of the media is jumping onto the babyboomer bandwagon. To me this is a good thing. The more we discuss the issues, concerns and worries and the joys of retirement; the more we will be able to find the solutions to the questions we have. Also it will mean that consumer marketing might better reflect the fact that we are not all alike, whether we are baby boomers who haven't really thought about retirement all the way to already retired and wondering how we can sustain the lifestyle of the retired.
I ask you to go to the following link from an MSNBC Special they are doing on Baby Boomers and take the quiz. You might be surprised at either how much you DO or DON't know about retirement.
Once you take the quiz, please leave a comment or two about what you thought.
http://msnbc.msn.com/id/13089081/
PLAN NOW -- RETIRE EARLY!
I ask you to go to the following link from an MSNBC Special they are doing on Baby Boomers and take the quiz. You might be surprised at either how much you DO or DON't know about retirement.
Once you take the quiz, please leave a comment or two about what you thought.
http://msnbc.msn.com/id/13089081/
PLAN NOW -- RETIRE EARLY!
Wednesday, August 16, 2006
RETIREMENT STUDY
From the time that my husband and I started even thinking about retirement and also in our work with aging programs for so many years we have seen so many "studies" about retirement.
I, myself, started to get skeptical about all of the surveys. But after we retired and started to think about how we could help people who were interested in retirement and especially early retirement and with the baby boomers; I started paying more attention to them. This is one study/survey that I found interesting and thought that some of you might as well. You must keep in mind that any time that you read one of these you need to remember that they are usually conducted with a specific purpose in mind. But, also keep in mind that the people being interviewed don't know what that specific purpose is.
As always, we are very interested in what any of you who read these posts on our blog think about the information that we include. Any comments are welome. Heres to a happy, healthy and hearty retirement for us all!
seniors : US: New Merrill Lynch Retirement Study [TheMatureMarket.com]
Retired and Ready!
I, myself, started to get skeptical about all of the surveys. But after we retired and started to think about how we could help people who were interested in retirement and especially early retirement and with the baby boomers; I started paying more attention to them. This is one study/survey that I found interesting and thought that some of you might as well. You must keep in mind that any time that you read one of these you need to remember that they are usually conducted with a specific purpose in mind. But, also keep in mind that the people being interviewed don't know what that specific purpose is.
As always, we are very interested in what any of you who read these posts on our blog think about the information that we include. Any comments are welome. Heres to a happy, healthy and hearty retirement for us all!
seniors : US: New Merrill Lynch Retirement Study [TheMatureMarket.com]
Retired and Ready!
Sunday, July 16, 2006
BABYBOOMERS AND RETIREMENT
Baby Boomer Facts You May Not Know
Welcome to Older-Americaville to Presidents Bush & Clinton, Cher, Donald Trump, Dolly Parton, Sylvester Stallone
Dec. 12, 2005 - In 2006, the oldest of the baby boomers, the generation born between 1946 and 1964, will turn 60 years old. Among the Americans celebrating their 60th will be our two most recent presidents, George W. Bush and Bill Clinton. Other well-known celebrities reaching this milestone include Cher, Donald Trump, Sylvester Stallone and Dolly Parton. To commemorate this occasion, the Census Bureau has compiled a collection of facts relating to, perhaps, our most celebrated generation.
78.2 million:
Estimated number of baby boomers, as of July 1, 2005. http://www.census.gov/popest/national/
7,918:
Number of people turning 60 each day in 2006, according to projections. That amounts to 330 every hour. http://www.census.gov/ipc/www/usinterimproj/
James & Mary:
The most popular baby names for boys and girls, respectively, in 1946. Today, the names Jacob and Emily lead the list; James ranks 17th among boys and Mary is 63rd among girls. (Source: Social Security Administration, at http://www.ssa.gov/OACT/babynames/index.html )
50.8 percent:
Percentage of women baby boomers in 2005. http://www.census.gov/popest/national/
9.1 million:
Estimated number of baby boomers in 2004 who were black. http://www.census.gov/popest/national/
32 percent:
Proportion of Alaska's population that was part of the baby boom generation, as of the last census. Baby boomers also comprised 30 percent or more of the population in New Hampshire, Vermont and Maine. In contrast, Utah (23 percent) was the only state where baby boomers constituted less than 25 percent. http://www.census.gov/prod/2001pubs/c2kbr01-12.pdf
Then and Now -- 141.4 million:
Estimated U.S. population in 1946. Today, the nation's population stands at 297.7 million. http://www.census.gov/popest/archives/1990s/popclockest.txt and http://www.census.gov
33 percent and 5 percent:
The proportions of adults age 25 and older with at least a high school diploma and at least a bachelor's degree, respectively, in 1947. By 2004, the respective proportions had risen to 85 percent and 28 percent. http://www.census.gov/population/www/socdemo/educ-attn.html
The Future-- $2,695:
Average annual expenditures on health care in 2004 for people ages 45 to 54 the age group that is the heart of the baby boom generation. When budgeting medical expenses, baby boomers should expect increased health-care spending as they age; for instance, those age 55 to 64 spent $3,262 and those 65 and over, $3,899. (Source: Bureau of Labor Statistics at http://www.bls.gov/cex/2004/Standard/age.pdf )
57.8 million:
Number of baby boomers living in 2030, according to projections; 54.9 percent would be female. That year, boomers would be between ages 66 and 84. http://www.census.gov/ipc/www/usinterimproj/
2.1:
The number of workers for each Social Security beneficiary in 2031, when all baby boomers will be over age 65. Currently, there are 3.3 workers for each Social Security beneficiary. (Source: Social Security Administration, at http://www.ssa.gov/pressoffice/basicfact.htm )
4,041:
Number of continuing care retirement facilities in 2003. Many boomers could have parents in need of such facilities or may have to move into such a facility themselves in the future. http://www.census.gov/prod/www/abs/cbptotal.html
Staying Young and Fit: 27,813
Number of fitness and recreation centers nationwide in 2003. These are good places to visit on a regular basis for boomers who are trying to become or stay physically fit. http://www.census.gov/prod/www/abs/cbptotal.html
11,938:
Number of cosmetics, beauty supply and perfume stores in 2003. These stores carry numerous antiaging skin care products aimed at people in this age group. http://www.census.gov/prod/www/abs/cbptotal.html
"Special Editions" of the U.S. Census Bureau's Facts for Features are issued to provide background information for less known observances, anniversaries of historic events and other timely topics in the news.
Welcome to Older-Americaville to Presidents Bush & Clinton, Cher, Donald Trump, Dolly Parton, Sylvester Stallone
Dec. 12, 2005 - In 2006, the oldest of the baby boomers, the generation born between 1946 and 1964, will turn 60 years old. Among the Americans celebrating their 60th will be our two most recent presidents, George W. Bush and Bill Clinton. Other well-known celebrities reaching this milestone include Cher, Donald Trump, Sylvester Stallone and Dolly Parton. To commemorate this occasion, the Census Bureau has compiled a collection of facts relating to, perhaps, our most celebrated generation.
78.2 million:
Estimated number of baby boomers, as of July 1, 2005. http://www.census.gov/popest/national/
7,918:
Number of people turning 60 each day in 2006, according to projections. That amounts to 330 every hour. http://www.census.gov/ipc/www/usinterimproj/
James & Mary:
The most popular baby names for boys and girls, respectively, in 1946. Today, the names Jacob and Emily lead the list; James ranks 17th among boys and Mary is 63rd among girls. (Source: Social Security Administration, at http://www.ssa.gov/OACT/babynames/index.html )
50.8 percent:
Percentage of women baby boomers in 2005. http://www.census.gov/popest/national/
9.1 million:
Estimated number of baby boomers in 2004 who were black. http://www.census.gov/popest/national/
32 percent:
Proportion of Alaska's population that was part of the baby boom generation, as of the last census. Baby boomers also comprised 30 percent or more of the population in New Hampshire, Vermont and Maine. In contrast, Utah (23 percent) was the only state where baby boomers constituted less than 25 percent. http://www.census.gov/prod/2001pubs/c2kbr01-12.pdf
Then and Now -- 141.4 million:
Estimated U.S. population in 1946. Today, the nation's population stands at 297.7 million. http://www.census.gov/popest/archives/1990s/popclockest.txt and http://www.census.gov
33 percent and 5 percent:
The proportions of adults age 25 and older with at least a high school diploma and at least a bachelor's degree, respectively, in 1947. By 2004, the respective proportions had risen to 85 percent and 28 percent. http://www.census.gov/population/www/socdemo/educ-attn.html
The Future-- $2,695:
Average annual expenditures on health care in 2004 for people ages 45 to 54 the age group that is the heart of the baby boom generation. When budgeting medical expenses, baby boomers should expect increased health-care spending as they age; for instance, those age 55 to 64 spent $3,262 and those 65 and over, $3,899. (Source: Bureau of Labor Statistics at http://www.bls.gov/cex/2004/Standard/age.pdf )
57.8 million:
Number of baby boomers living in 2030, according to projections; 54.9 percent would be female. That year, boomers would be between ages 66 and 84. http://www.census.gov/ipc/www/usinterimproj/
2.1:
The number of workers for each Social Security beneficiary in 2031, when all baby boomers will be over age 65. Currently, there are 3.3 workers for each Social Security beneficiary. (Source: Social Security Administration, at http://www.ssa.gov/pressoffice/basicfact.htm )
4,041:
Number of continuing care retirement facilities in 2003. Many boomers could have parents in need of such facilities or may have to move into such a facility themselves in the future. http://www.census.gov/prod/www/abs/cbptotal.html
Staying Young and Fit: 27,813
Number of fitness and recreation centers nationwide in 2003. These are good places to visit on a regular basis for boomers who are trying to become or stay physically fit. http://www.census.gov/prod/www/abs/cbptotal.html
11,938:
Number of cosmetics, beauty supply and perfume stores in 2003. These stores carry numerous antiaging skin care products aimed at people in this age group. http://www.census.gov/prod/www/abs/cbptotal.html
"Special Editions" of the U.S. Census Bureau's Facts for Features are issued to provide background information for less known observances, anniversaries of historic events and other timely topics in the news.
Subscribe to:
Posts (Atom)