There is a new breed of American baby boomers who’ve reached retirement. This growing group of boomers is known as The 6 Monthers.
Time was when retirement meant a move to a community where all your neighbors belonged to the same generation: Old. Baby boomers today may have other plans.
A whopping 86 percent of Australia’s 5.5 million baby boomers are, in varying degrees, financially under-prepared for retirement, according to recent research.
“Better late than never,” goes the old phrase. And, so it is for many baby boomers in their mid-60s.
What are baby boomers’ most pressing retirement concerns and what are they doing about them? Financial writer Donald Liebenson has a valuable perspective.
With millions of baby boomers reaching retirement age, fears are mounting of the economic impact if they follow the pattern of previous generations by curbing spending and draining Social Security and Medicare benefits, even though boomers have funded those programs for decades.