Boomer retirement could slow U.S. recovery

chicagotribune.com ^ | Aug 22 2011

[KeyLargo]

Boomer retirement could slow U.S. recovery

CNNMoney

12:02 PM CDT, August 22, 2011

The aging of the U.S. baby boom generation may slow an already weak recovery as boomers sell stocks to pay for retirement, according to research released Monday from the San Francisco Federal Reserve Bank.

Many baby boomers have already sold some assets in preparation for retirement, research adviser Zheng Liu and Mark Spiegel, vice president of economic research, said in the latest San Francisco Fed Economic Letter.

[glock rocks]

I homeschool, and tend to be eternally optimistic. Even the foolish get older... whether they grow up is to be determined.

[Eaker]

Yer a good man Charlie Brown!

[glock rocks]

I figured it was worth giving a shot.

We’ll see what kind of response I get... my kids carry the flame, as I’m sure do yours.

[familyop]

Retire as soon as you can—all of you. You’ll spend far less and have more money for having a great time (not to mention time for having a great time).

[KeyLargo]

I retired and then worked another ten years in a second career that I liked. But I realized that all I was doing was paying more taxes on the more money that I made. I now enjoy life as everyday is Saturday now. And I pay less tax.

[cherry]

pretty much decided that when my husband hits the 62 1/2 stage, he should start collecting....I'll keep going part time til I'm there....

enough is enough...

we've done everything by the book...

saved...

paid bills off...

bought used cars....

no grandiose vacations...

for what?....for what?....

what is , is....we've tried to get rich and it just ain't happening...

[cherry]

it depends really on whether you have a defined pension or not....then you can weather the ups and downs of the market....

but those guarenteed pensions...especially the govt ones....it makes it all very easy to just "retire"....

[rejoicing]

Lots of boomers, including me, aren’t going to be able to retire. Our investments tanked a while back.

[familyop]

"we've done everything by the book...

saved...

paid bills off...

bought used cars....

no grandiose vacations...

for what?....for what?...."

You and your husband are being wise, IMO. Become as self-sufficient as you can. I'm in my fifties and am building (very slowly, out-of-pocket) off-grid utilities, fencing, etc., on a cheap, remote place (very sunny and windy here).

[SouthTexas]

I have people working around me that are already in the 80s.
Most are well off enough to retire, many quite comfortably.

I honestly don't see myself retiring simply because I'd be bored to death. Growing up I remember seeing men retire to their rocking chairs and be dead in six months.

So I will endeavor to persevere. ;)

[CSM]

Just more bad luck!

[glock rocks]

Oh man, I could be so comfy in a porch swing, with a julep in one hand, and an 870 in the other. Git offen my lawn!