What are Baby Boomers who are Turning 65 Doing This Year?
Posted by
randOmness at Sunday, 13 February 2011
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The oldest Baby Boomers in this huge generation are getting ready to turn 65 in 2011. Although this has traditionally been the age of retirement, many of these Boomers aren’t ready – financially or just emotionally – to retire from their jobs. There are plenty of reasons for this, including some of the following:
- Some Baby Boomers lost a lot of their retirement savings in the recent financial crisis and simply don’t have the money to retire on. These Boomers find that they need to work for a few more years before they’ll actually be ready to retire.
- Other Baby Boomers got too caught up in their have-it-now lifestyles and simply didn’t save enough for retirement. Now, they’re finding that they have to keep working so they can save for a later retirement in another ten years or so.
- Some Baby Boomers lost a lot of their retirement savings in the recent financial crisis and simply don’t have the money to retire on. These Boomers find that they need to work for a few more years before they’ll actually be ready to retire.
- Other Baby Boomers got too caught up in their have-it-now lifestyles and simply didn’t save enough for retirement. Now, they’re finding that they have to keep working so they can save for a later retirement in another ten years or so.