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Will Your Children Be Able to Afford a Retirement As Good As Yours?

Category: Baby Boomer Retirement Issues

Note: This article has been updated to include vote totals as of August 10. However, you may still take the poll and the results will continue to change. August 4, 2021 — There seems to be more than a good natured rivalry going on with the baby boomer generation vs.

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Published on August 3, 2021
Comments 4

What Was Your First Car?

Category: Baby Boomer Retirement Issues

May 5, 2021 -- For baby boomers, nothing was more exciting than getting our first driver's license. The freedom that lay ahead. Just as exciting, maybe even more, was the prospect of getting your first car. So we would like to hear about your first wheels - whether your parents gave you a brand new car (so jealous), or if you saved your part-time job earnings and bought a used jalopy. Please use the comments section to describe your first chariot to freedom. We will try to add your pictures (one of your own, we can't accept other photos for copyright reasons) to the gallery at the end of the article. Send the photo. As for your editor, my first was a 1962 Renault Dauphine, bought in partnership with my 14 year old brother, funded with our house painting money ($350). Unfortunately for Mike, he never got to drive it legally because it died due to me hitting a curb and its own (serious) mechanical failings. He does like to tell the story of younger brother abuse though. My second was a 1965 Dodge Dart (Slant 6!) that was a wonderful reliable car (sold it to Mike later and he got better use of it). Then as I entered the Army, a 1 year old MGB - maybe my favorite car of all time (and the least reliable).

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Published on May 5, 2021
Comments 0

What Was Your First Car?

Category: Baby Boomer Retirement Issues

May 5, 2021 -- For baby boomers, nothing was more exciting than getting our first driver's license. The freedom that lay ahead. Just as exciting, maybe even more, was the prospect of getting your first car. So we would like to hear about your first wheels - whether your parents gave you a brand new car (so jealous), or if you saved your part-time job earnings and bought a used jalopy. Please use the comments section to describe your first chariot to freedom. We will try to add your pictures (one of your own, we can't accept other photos for copyright reasons) to the gallery at the end of the article. Send the photo. As for your editor, my first was a 1962 Renault Dauphine, bought in partnership with my 14 year old brother, funded with our house painting money ($350). Unfortunately for Mike, he never got to drive it legally because it died due to me hitting a curb and its own (serious) mechanical failings. He does like to tell the story of younger brother abuse though. My second was a 1965 Dodge Dart (Slant 6!) that was a wonderful reliable car (sold it to Mike later and he got better use of it). Then as I entered the Army, a 1 year old MGB - maybe my favorite car of all time (and the least reliable).

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Published on May 5, 2021
Comments 29

Happy Birthday Boomers – Oldest Turn 75

Category: Baby Boomer Retirement Issues

February 22, 2021 -- Seventy five years ago last summer GIs from America and around the world starting returning home after fighting WWII. It didn't take them long to resume normal life, where they quickly produced a wave of newborns the likes of which had never been seen before - the baby boom. Fast forward to 2021, where we are beginning to celebrate the seventy-fifth birthdays of that first crop of baby boomers. Happy birthday everybody. We don't know what it was like in your elementary school classrooms, but in ours the impact of the baby boom was immediate and obvious. Our older sisters, created on shore leave, arrived in 1944 and 1945. Their classrooms had half the number of pupils of our 1946 born brother, and every other class after that. Our classrooms were jammed with kids.

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Published on February 21, 2021
Comments 10

Stuck at Home: What Should You Watch?

Category: Baby Boomer Retirement Issues

March 21, 2020 -- This is an extraordinary time - a significant number of Americans have been ordered to stay in their homes. While painful and anxiety producing, at least with the Internet and TV we actually have it better than when we were kids and claimed to be "sick". Our mother, if she felt we weren't that ill, would make us lick green stamps and put them in the redemption book. If we were lucky, we got to watch Jack Bailey on "Queen for a Day". As for "Secret Storm" or "Search for Tomorrow", we had no idea why anyone would want to watch those soaps. Now at least, there are things worth watching. Today we have more high quality shows than we will ever have the time to view on Netflix, cable TV, HBO, Showtime, Amazon Prime Video, Hulu, Sling - and more. So in the spirit of trying to have some fun and chase away the gloom, here are some TV show recommendations. Hopefully you will get some new ideas, watch the shows and movies you have always wanted to see (maybe again), and share in a discussion here. We would really like to hear from you: what shows do you love? This is also a great time to read a book. We would love to hear your favorite reads as well. One suggestion we enjoyed recently: "Educated" by Tara Westover. New shows your editor has seen: HBO just launched the third season of Westworld, a sci-fi western which some critics like a lot better than the first two seasons.

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Published on March 21, 2020
Comments 42

OK, Boomer

Category: Baby Boomer Retirement Issues

November 29, 2019 -- In case you hear this comment from a millennial, Gen X, or Yer, it is NOT a compliment. It is a dismissal, as in, "OK, baby boomer, you have a lot to say, but your day is over. Kindly step aside." Younger folks tend to use this term on social media to respond to anybody over 30 who says something condescending about young people . Perhaps we deserve it, justice served a generation later. Certainly we baby boomers are awfully proud of how we changed things back in the day - our music, rebellions, cultural shifts. Today we seem to think we know everything and have strong opinions - millennials are lazy, the younger generation doesn't know about hard work, etc. Sound familiar: Remember how we were convinced, back in the day, that our parents knew nothing and we knew it all.

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Published on November 28, 2019
Comments 25

Fewer and Fewer Workers to Support Baby Boomer Social Security

Category: Baby Boomer Retirement Issues

June 26, 2018 -- One of the pillars of Social Security funding is that each working generation pays the retirement benefits of those whose working years are over. A key assumption is that there will be plenty of working age people paying into the system to pay those benefits. Unfortunately, the ratio of working age adults to those on Social Security is going in the wrong direction. Back in 1980 there were 19 U.S. adults age 65 and over for every 100 Americans of working age. Thirty years later, that old-age dependency ratio had hardly changed; it was 21 retiree-aged Americans per 100 workers in 2010. Declining birth rates since 1970 and the retirements of millions of baby boomer have changed that equilibrium - fast. The retirement segment to working population ratio was 25 to 100 last

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Published on June 26, 2018
Comments 39

Move Over Boomers – We’re Outnumbered

Category: Baby Boomer Retirement Issues

January 26 — As a baby boomer we confess to a certain pride in belonging to the largest single age demographic group in world history. A tidal wave that crashed on the shore in 1946, we overflowed the hospitals we were born in. That continued through our childhood as new…

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Published on January 26, 2018
Comments 4

Anatomy of a 50th High School Reunion

Category: Baby Boomer Retirement Issues

Note: This is a followup to the Reunion Survey and results article we published in 2015. In that poll we found an even split between those looking forward to their 50th reunion, and those who said they either had no plans to attend, or were undecided. Many who said they would not come based their decision on bad memories or a need to move on from those days of old. Here is the link to the original article, Baby Boomers Look Forward to Their 50th Reunions with Optimism and ... — July 26, 2016. Your editor just had the pleasure of experiencing his 50th high school reunion. And, for how he felt about it, he agreed with the 62% in our previous survey who rated their reunion experience as

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Published on July 24, 2016
Comments 18

Staying Busy All Day: Why Not Expand Your Mind And Have Fun Too!

Category: Baby Boomer Retirement Issues

January 19, 2016 -- The 4th leg of last week's Retirement Plan on a 3 X 5 Index Card was the question: How will you stay busy all day? The point seemed to resonate with many folks. Some have great plans and never expect a dull moment, others are clearly worried that the close of their working days will mean the end of mental stimulation. Today's article focuses on how lifelong learning programs help hundreds of thousands of retirees keep their minds sharp while learning all kinds of interesting and useful stuff. We know of at least 4 great ways to get involved in lifelong

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Published on January 18, 2016
Comments 24

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