Tag Archives: Generations and Age Groups


Life in the Boomer Lane

Adolf Koch

An apology to loyal readers of this blog and to those who arrived here because they will read anything with the word “sex” or “lubrication” in it.  The following is not a boomer version of the Kama Sutra.  Reading this will not allow you to cavort between the sheets as though it were 1976 and you were made of rubber.  The upside is that there will be no need for you to don your reading glasses or grab your magnifying glass, no need to turn your laptop upside down to understand better what Life in the Boomer Lane is talking about, and no need to down copious amounts of Advil to achieve positions that require the use of body parts that stopped functioning in 2002.  

AARP Magazine, in an article titled “Generation Sex,” lets us in on all the latest data regarding the sexual habits of boomers.  The…

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Advance planning can help you control these unexpected costs.

The timing of your retirement can affect your Social Security and annuity payouts.

By  What’s the scariest thing about retirement? The things we don’t know. There are bound to be some surprises in retirement. But here are seven retirement unknowns that you can prepare for in advance:
1. Unexpected expenses. We carefully plan our monthly budget. We need so much to pay for the house, utilities, car and groceries. But then suddenly you need a new roof that costs $6,000, or you need a surgery with a $5,000 co-pay. What are you going to do? You need to be prepared. And if you follow a monthly budget, you may not be. In addition to your monthly budget you also need a supplemental annual budget, figuring in a realistic lump sum to cover uncertain but inevitable emergency expenditures.

2. Don’t delay investment decisions. Retirement is a big step, and with everything else going on, you may not get around to reformulating your IRA and other investments to accommodate your new stage of life. It’s also a big job that’s easy to put off. But your investment objectives change after you retire from wealth accumulation to wealth preservation and income production. So don’t procrastinate. Sit down with your spouse or financial advisor and make a decision to reinvest your nest egg for your new life.

3. Timing your retirement. Be very careful before you retire early. Your monthly Social Security benefit will be smaller and your savings will have to last longer, meaning your monthly income will be less. For example, an annuity with an initial investment of half a million dollars will bring in about $2,400 per month if you start at age 62, but $2,700 if you wait until 68. It may not seem like much, but what other way do you have to give yourself a 12.5 percent raise? If you absolutely hate your job, consider halfway options such as phased retirement or part-time work, which will supplement your lower income and help protect your nest egg from being depleted too quickly.

 4. Playing it too safe. We need income in retirement, and the temptation is to protect our principle and live off the interest. But that’s almost impossible in these days of ultra-low interest rates. Instead, design your portfolio to produce total returns of 6 to 7 percent, even though the interest you get might be closer to 3 percent. That means you periodically sell some investments, and there will be years when your portfolio declines and you’ll dip into principle. But there will also be years when returns are higher, adding to your portfolio. This approach may seem uncomfortable at first, but it offers a higher probability of not outliving your money.

5. Figure in inflation.  A monthly budget of $2,400 a month, or $2,700 a month, may seem like a reasonable amount of money to live on today. But if you retire in your 60s, you can expect to live another 20 years or longer. In 20 years, at recent inflation rates, that $2,400 will be worth less than $1,500. Social Security is indexed to inflation – for example, benefits will increase 1.7 percent for 2015 – but many other income producing products, such as annuities, typically are not. Inflation is yet another reason not to retire too early or play it too safe with your investments.

6. Falling victim to fraud. Everyone thinks they’re too smart to fall for a scam or sleazy solicitation. Tell that to the people who invested with Bernie Madoff. Also, like it or not, as we get older our cognitive abilities slow down. We think we won’t be taken in, but it happens all the time. So, only deal with reputable investment firms, keep a skeptical eye out for anything that seems too good to be true and think long and hard before jumping into any gold or real estate offer you hear about in the media.

7. Selling your life span too short. On average, a person who’s 65 will live to age 85. But one out of five men, and one out of three women, will live past age 90. So, you will probably live for another 20 years, but you have to plan for another 30. That means managing your money more carefully to ensure that it will last the rest of your life and you won’t have to cut back when you’re older and more vulnerable. Yes, you want to have some fun in your 60s, but you also want to husband your resources so you have some autonomy and dignity in your later years.

Tom Sightings blogs at Sightings at 60.


by Paul Briand

The Beatles are the single most iconic symbol of the Baby Boomers.

d7e100ac68665df5e9eac5f35c566907Author Candy Leonard in her book “Beatleness” traces the band’s impact on the generation from its very beginnings on the Ed Sullivan Show to its end on the rooftop at 3 Savile Row in London.

“It was a story that needed to be told,” Leonard said in an interview.

A lot of books examine the Beatles as individuals and examine the Beatles’ and their influence on music. This book is unique in that it ties the Beatles to the generation of Baby Boomers.

Leonard helps the reader time travel to the start of Beatlemania with John Lennon, Paul McCartney, George Harrison and Ringo Starr’s first appearance on the Ed Sullivan show on Feb. 9, 1964.

Album by album, historic event by historic event, she traces the Fab Four’s growth musically and individually, in sync with how Baby Boomers themselves grew less less innocent and more worldly wise as society bucked and shifted through the Sixties and into the Seventies.

She personalizes each chapter with comments from the Baby Boomers at Ground Zero of Beatleness, how the music, how the Beatles themselves impacted their lives.

“People who read the book are really moved by it,” said Leonard. “Men and women of different ages say, ‘How did you know my story?’”

When she’s out talking about the book, she said she’s always hearing Beatles-related stories.

“People love talking about it. It’s very validating,” she said.

Leonard brings into the mix the cultural influences that helped spread Beatlemania and helped people understand the Beatles’ musical metamorphosis from “I Want to Hold Your Hand” to “Lucy in the Sky with Diamonds” to “Let it Be.”

A couple of examples included the impact of FM radio, which unleashed deejays from heavily formatted AM stations — much the same way today that satellite is changing the radio format today. Rolling Stone magazine was also cited as the one magazine in the Sixties and Seventies that knew the heartbeat and pulse of a generation.

And there is always the historic context – events that shaped (and in a way hardened) Baby Boomers: the assassinations of JFK, RFK, and MLK, the space race and the Cold War, the rise of the hippie culture and feminism, the Vietnam War, Richard Nixon …. and the arrival on the scene of Yoko Ono.

As much as some Baby Boomers might want to blame the end of the Beatles on Yoko and her pulling John away from the others, Leonard takes pains frame her in the positive influence she had on Lennon.

“Often overlooked in the Yoko bashing is that John had not been happy being a Beatle for quite some time,” Leonard writes. “Being bigger than Elvis came with unforeseen consequences. The thing he loved most, playing rock and roll, had ceased to be fun.” Ono, according to Leonard, made it fun for Lennon to be an artist again.

“Beatleness” demonstrates that the Beatles are an important part of who were are as Baby Boomers.

“With the size of our generation and the impact we had, it’s an important piece of American history,” said Leonard.

original: ‘Beatleness’ traces Fab Four’s impact on Baby Boomers – National baby boomer | Examiner.com.