If there's a consistent theme in everything written on the topic of being ready for retirement, it's planning. But many Baby Boomers, those born between 1946 and 1964 and the largest generation in U.S. history, may have been lulled into a sense of complacency by reports that they stand to inherit trillions. It is true that retirees today are the wealthiest ever, but that doesn't mean that baby boomers will be inheriting this money. According to an AARP report from November 2003, only 26.8 percent of baby boomers surveyed in 2001 had received or expected to receive inheritances. Unfortunately, baby boomers who were relying on this inheritance may not be taking advantage of the retirement saving options that are available to them, leaving them extremely unprepared for retirement. (Source: Svensson, Peter. "No Big Bequests For Baby Boomers." Nov. 19, 2003 CBSNews.com)
Below is a list of articles that may help baby boomers plan and prepare for the retirement they had hoped for.
- Baby Boomers' Inheritance: The Sobering Reality
Baby Boomers may not be receiving inheritances as large as suspected and hoped for
- Adult Children Moving Back Home: Don't Let "Boomerang Kids" Derail Your Goals
How to help your kids without giving up your own goals
- New Lifetime Annuity Responds to Baby Boomer Retirement Concerns
The new Lifetime Income Annuity ensures that Boomers can't outlive their income
- Forever Young? Boomers Can't Turn Back the Hands of Time on Retirement Planning
How planning can help Boomers reach their retirement goals
- A Resource Center for Retirement Planning
Information, products, and tools to help you plan for your retirement
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- Dealing With the Perils and Pitfalls of Sudden Wealth
Suggestions for making your inheritance last
- When It's Time to Rollover...
Information on what to do with your retirement dollars
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