There are many ways to rationalize away the loss of a few trillion dollars in retirement income the boomers were expecting and it seems from latest news reports that we are now past this stage and into something new--an advanced type of spin control -we are now being told by Dr Ros Altman that "traditional pension products and policies are outdated and a major rethink is needed as baby boomers approach retirement."
Who knew?
Dr Altman provided her insights at a recent Kings College London forum where she remarked that "concerns of where to turn for financial advice are accelerating because of the current market turmoil." Professor Simon Briggs, director at the Institute of Gerontology at King’s College London, added (conveniently enough) that “Rather than seeing retirement as a social death sentence, boomers are much more likely to see retirement as a time in which to develop those parts of the self that have been neglected while building a career and raising a family.” Professor Briggs believes "retirees are in a state of transition rather than stagnation, according to patterns of leisure time and consumption in retirement."
Now there is something for boomers to feel jolly about!
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1 comment:
Retirement has become a complicated subject lately. Between lack of planning and then the economy meltdown...things are just everywhere! Many boomers are coming out of retirement to work part time and even more boomers are delaying their retirement. Goodness! Is there a magical formula to retiring? I wish.
However, there is one company who can make things a little easier and less complicated. They'll help you to navigate the ins and outs, ups and downs of retirement. These are your golden years. Enjoy them!
AARP is a great source of services and information that can be beneficial to the quality of life. What's great about AARP is that a membership comes with prescription and travel discounts!
AARP has teamed up with talk show host, Cristina Saralegui and made a fun, customizable video and you're just a click away from being the next guest on Amigos Live! Check out http://www.upclosewithcristina.com/video to learn more and make your own video!
Also, you can enter to win an all inclusive trip for 2 to Miami while you're checking out the site! (And even if you don't win, there's still those great travel discounts that come with the membership!)
Definitely check out AARP for yourself or a loved one. There are really are some great benefits to joining!
I hope it's alright that I commented on your blog -- wanted to let you know about the fun video with Cristina and AARP's great benefits. If you have any further questions, please don't hesitate to email me.
Thanks!
Isabella Coldivar
AARP Ambassador
isabellaAARP@gmail.com
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