Retirement and Baby Boomers

I find the following AFP report on 'boomers' interesting. First, their vast numbers will have a wide ranging effect on society when they retire. And the first from that generation will soon retire in January 2008.

The most obvious would be the enormous funding required for social security payments. As I mentioned in my last posting, social security accounts for 39% of a typical retiree's income during retirement.

The second important transformation would be a new meaning they lend to retirement. The new generation of 'retiree boomers' will likely hold a different view of retirement lifestyle than their predecessors'. As more retirees spent their retirement by continuing to remain active in life through holding on some kind of jobs after retirement - whether out of financial necessity or otherwise, gone were the days when retirement simply means doing nothing. Hence, the new generation of retirees should be healthier, more active and by their sheer numbers would still have their clout on the country's economy and even politics. Read more of the report below and enjoy..

Retirement and Social Security Q&A

For a majority of us, social security is going to be a major component in our retirement planning - a major source of our retirement income, our all important retirement nest egg. It is so important in fact that according to American Social Security Administration 2004, social security represents 39% of a typical retiree’s retirement income. You can read more about it here.

So, important questions like when to apply for the benefit and how to go about doing it are important indeed. And lucky you, both of these questions are answered here in the following report. So enjoy!

Prepare For Retirement: Students Get Lessons In Handling Money

I have always believed that having the necessary financial skills and knowledge early in life will hold a person in good stead later on when they retire.

It is therefore very heartening for me to read about the interest and effort of 42 college students in Colorado, analyzing various financial issues from debt to retirement planning during their Personal Financial Planning class.

With solid financial knowledge, people will be better equipped to deal with any financial issues that may arise in life and be more prepared for their retirement.

Read more about it in the following report.

Unique Holiday Gift for a Child: Assistance Toward Retirement Security

If you are looking for a truly meaningful gift for your newly born child or grandchild, what could be more meaningful than a gift of investment program for the child's financially secure retirement?

Through the power of compounding interest, an initial investment of as low as $5,000 would give the child a financially secure retirement when he/she reaches age 65.

You can read the whole report below.