An article written by James Limbach, a reporter for Washington D.C. suggests that over 85 % of Baby Boomers prepared for retirement and are financially comfortable. This sounds like very good news; however, it also implies that a great number of Baby Boomers are not prepared or ready for retirement. For those who are not financially ready, relax. There are other venues toward achieving financial security.
U.S. Treasuries are a safe way to invest and secure a “risk-free rate of return.” Though the rate of return is not going to be substantial, it is a much less harmful than investing in stock, which may and usually are volatile. Other and safer investments are in Certificates of Deposit and Unit investment Trusts. If interested view: www.investopedia.com – article, “Top 10 Investments for Baby Boomers,” written by Ryan Barnes. If this article does not help you, read, “Five Ways to Make Retirement More Secure” by Mark Huffman, a consumer news reporter for Consumer Affairs. His article guides and instructs Baby Boomers on how to spend and save wisely.
Here’s some help for those Baby Boomers who did not save for retirement, you can always continue working. Check out, “What’s Next,” a list of Baby Boomer jobs compiled by Michael Farr and Laurence Shatkin. They list not only possible jobs but also annual earnings for those jobs. These particular jobs are not closed to Baby Boomers; as a matter of fact, many of the careers actually, “employ a high percentage of baby boomers on a combination of three criteria: earnings, projected growth and number of openings.
We baby boomers continue to be influential in society (we didn’t burn our bras for nothing!). We brought about change then and we continue to bring about change today as in the workforce. We spend more money than any other segment of the population, and we are forever trying new ways to define ourselves.