“Better late than never,” goes the old phrase. And, so it is for many baby boomers in their mid-60s.
The baby boomers who grew up during the hippie counterculture movement are unlikely to follow in their parents’ footsteps as they approach retirement.
“Before, retirement was a destination,” says Dorian Mintzer, a therapist and board-certified retirement transition coach based in Boston.”You had your retirement party and bought your condo in Florida. Now it’s a process. It’s a journey that can be daunting but can be very exciting, too.”
Although money is often at the top of retirement worries, many Boomers also have non-financial questions that may not be answered by a financial adviser. But there are now many different kinds of services available to help them navigate retirement, such as retirement coaches, elder life advisers and certified senior advisers. And there are free websites and books that also provide retirement tools and advice.
The services offered can vary. A retirement coach generally will help clients develop goals and plans for their retirement, while a certified senior adviser or elder life adviser is likely to offer help with social issues, such as senior housing and health care.