Boomers will Retire Comfortably, but Later

From the Practical Care Continuum newsletter.

Retirement expert Ken Dychtwald, the Age Wave guru, paints a pretty picture about retirement for the boomers (those born between 1946 and 1964). In his latest book, With Purpose: Going From Success to Significance in Work and Life, he states that retirement for the boomers will be so different from traditional retirement that we may well need a new word to describe it.

The biggest reason for this changing retirement scenario? Life spans are changing. Dychtwald sees a shift in attitude about aging. “When our moms and dads reached their 65th or 70th birthday, they felt like they were in the ninth inning, and they were quite happy. Now, boomers look around and see 80-year-old newlyweds and 90-year-old marathon runners.”

Dychtwald also forecasts boomers working longer, but being happier than current retirees who report boredom. And he expects boomers are going to continue to try new things, no matter the age.

Feeling sad because you have lost 45% of your net worth as you head into retirement age?

Read the full article here and start to feel better.

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