Boomers Change How To Invest For Retirement
Change, Change, Changes
Throughout their life spans baby boomers as a sector have changed politics, music, the definition of free love and now they are changing the way they need to invest for their retirement.
Many boomers ignored the financial chatter about being responsible for saving for their own retirement. Either they thought they would never grow weary of working thus would work forever or they thought that their finances were in good working order. How it happened is irrelevant. The fact remains that many boomers now find themselves buried in debt with small retirement nest eggs.
The Only Way Out
Change is the only thing for those baby boomers who are behind the retirement eight-ball to do. The baby boomers who are nearing retirement and low on funds have several options.
So Many Choices, So Little Time
Boomers can keep working in their current job; that is if they still have the same stamina they had when they first started their careers. They can invest in learning new skill sets and perhaps go into a new line of work. There is always the opportunity to brush up on ones networking skills. Or baby boomers can retire with their debt and live well below their means.
Money is tight, the economy is rocky so many baby boomers have accepted that retiring with a mortgage payment, car payment and credit card debt may not be that bad. Welcome to the baby boomers way of retiring.