Good news for those that rely upon Social Security for their income. Which also means it is good news for those that have loved ones that rely upon Social Security — President Obama’s latest budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs.
The Boomer generation is largely unprepared for the financial demands of retirement.
Anna Bernasek of Newsweek thinks a retirement crisis is coming. She’s got some scary numbers to prove it. Bernasek’s numbers suggest 75% of Americans nearing retirement age are woefully unprepared for retirement. Which camp do you fall in?
Stop me if you’ve heard this one before: A guy retires. He’s bored. He needs something to do.
Actually, don’t stop me. This story has a happy ending.
A new blog post for WiseTribe. NYTimes.com recently ran a feature about a bored retired man who determined to work as an entrepreneur with someone from a different generation. His success story shows a good match of experience and an intergenerational mindset can lead to a whole new way of living.