Retirement…
Tuesday, September 16th, 2008not in our household! Oh we thought this year would be ‘THE YEAR’… hahaha - the joke is on us. The housing market is in a steady decline which for baby boomers thinking about downsizing is causing a longer selling time of homes and at a lower price! This changed the projected figures in most portfolios; however, this was offset by the purchase of a smaller home at a stealdeal. For some, the economy has taken homes, lifestyles, and dignity. Retirement is changing for lots of “Boomers”. Many are finding they will work longer than planned. Some will retire, but find the need to work ‘filler’ jobs to make ends meet. Many will be offered packages to retire early … and will take them. Somehow this picture does not look, feel, or seem right. Is it because the news is filled with another bail-out by the government of another huge financial corporation, in my opinion, that mismanaged their business. Everyone says it is a direct result of our economy, probably … but, at some point - sooner, rather than later - these corporations need to operate within their means … a balanced budget for business and government would be wonderful! Does any of this affect retirement?
Possibly. Especially if your retirement account/plan/pension is associated with one of the companies about to declare bankruptcy. However, the Government continues to bailout these companies, the latest, AIG. Please follow the highlighted link and read the full story which tells the figure has reached $900 billion! Impossible to truly comprehend. And happening in an election year. “Baby Boomers” need to research how this may affect them and their retirement - Will the retirement accounts, 401Ks, IRAs, pension plans and bank accounts be there when they are needed? Retirees hope so. One of the best organizations offering help with all aspects of retirement is The Lure of Money










What a hoot! Yesterday I spent an hour watching people at the airport in the baggage claim area while waiting for my daughter’s flight to arrive. The hour was much better than prime time TV - the best Reality Show yet!
Mother’s Day, May 11, Best Mother’s Day of all …


