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Baby Boomers Turn 65!

Baby

BOOMERS

TURN 65!



BORN

JAN. 1, 1946

THROUGH

DEC. 31, 1964



10,000 BOOMERS REACH

RETIREMENT AGE DAILY!





35%

65+ RELY ON SOCIAL

SECURITY ALONE FOR

RETIREMENT INCOME





5%

LOST & CONFUSED



20%

AHEAD OF THE GAME

DOING BETTER THAN MOST



13%

THEY�۪RE BEHIND



14%

THEY�۪RE JUST

GETTING STARTED



48%

COMFORTABLE. ON

PAR WITH PEERS





$88,000

AVERAGE BABY BOOMER'S

QUALIFIED RETIREMENT PLAN



$38,000

AVERAGE BABY BOOMER'S

SAVINGS FOR RETIREMENT





how do Boomers

FEEL ABOUT THEIR SAVING DECISIONS?





#1 GOAL OF EMPTY-NESTERS

GET DEBT-FREE





HEALTHY RETIREMENT



FINANCIAL PLANNING

LIFESTYLE PLANNING



4 OUT OF 5 BOOMERS

PLAN TO LIVE IN THEIR CURRENT HOME



AMERICANS LIVING LONGER..

..AND BEING MORE ACTIVE IN THEIR

LATER YEARS THAN THEIR PARENTS



64,024 OVER AGE 100 IN 2009



79% BELIEVE A MEDICAL ALERT DEVICE IS

CRITICAL TO LIVING ON THEIR OWN



13% ACTUALLY OWN A MEDICAL ALERT DEVICE





PERCEIVED LIKELIHOOD

OF BEING ABLE TO LIVE IN CURRENT

HOME FOR THE REMAINDER OF LIFE



54% VERY LIKELY

21% SOMEWHAT LIKELY

9% NOT TOO LIKELY

10% NOT LIKELY AT ALL





RETIREMENT HOUSING PREFERENCES



52% - SINGLE LEVEL

50% - COMFORTABLE COMMUNITY

37% - SMALLER HOME

29% - LESS OR NO YARD WORK

24% - COSTS LESS







BOOMERS'

WORK LIFE BALANCE



42% - CYCLE BETWEEN WORK AND LEISURE

17% - NEVER WORK FOR PAY AGAIN

16% - WORK PART TIME

13% - START OWN BUSINESS

6% - WORK FULL-TIME

6% - OTHER



1. EARN MORE THAN YOU SPEND

2. BUILD SAVINGS AND PAY OFF DEBTS

3. COLLECT CAPITAL, NOT STUFF

4. INVEST IN STOCKS, CD'S AND REAL ESTATE



RETIREMENT BLISS





84%

50+ own their own homes BORN JAN. 1, 1946 THROUGH Baby DEC. 31, 1964 IN THE US. AS OF 2010 BOOMERS 10,000 BOOMERS REACH RETIREMENT AGE DAILY! TURN 65! 13% THEY'RE BEHIND 14% THEY'RE JUST GETTING STARTED 35% 65+ RELY ON SOCIAL SECURITY ALONE FOR RETIREMENT INCOME 5% 48% COMFORTABLE, ON PAR WITH PEERS LOST & CONFUSED 20% Böomers FEEL ABOUT THEIR SAVINGS DECISIONS? AHEAD OF THE GAME, DOING BETTER THAN MOST how do $38,000 AVERAGE BABY BOOMER'S SAVINGS FOR RETIREMENT #1 GOAL OF EMPTY-NESTERS: $88,000 AVERAGE BABY BOOMER'S QUALIFIED RETIREMENT PŁAN GET DEBT-FREE! FINANCIAL PLANNING LIFESTYLE PLANNING HEALTHY RETIREMENT AMERICANS LIVING LONGER. „.AND BEING MORE ACTIVE IN THEIR LATER YEARS THAN THEIR PARENTS OUT OF BOOMERS PLAN TO LIVE IN THEIR CURRENT HOME 64,024 oVER AE 100 209 PERCEIVED LIKELIHOOD OF BEING ABLE TO LIVE IN CURRENT HOME FOR THE REMAINDER OF LIFE. 79% BELIEVE A MEDICAL ALERT DEVICE IS CRITICAL TO LIVING ON THEIR OWN 13% 54% 21% 9% 10% ACTUALLY OWN A MEDICAL ALERT DEVICE VERY LIKELY SOMEWHAT NOT TOO LIKELY NOT LIKELY AT ALL LIKELY Boomers WORK-LIFE BALANCE CYCLE BETWEEN WORK AND LEISURE (HOPES AND PLANS) 42% OTHER RETIREMENT HOUSING PREFERENCES 6% 17% 6% WORK FULL-TIME NEVER WORK FOR PAY AGAIN 13% 16% START OWN BUSINESS 52% 50% 29% 24% WORK PART-TIME 37% LESS OR NO YARD WORK COSTS LESS SINGLE LEVEL COMFORTABLE COMMUNITY SMALLER HOME O EARN MORE THAN YOU SPEND 2 BUILD SAVINGS AND PAY OFF DEBTS O COLLECT CAPTIAL, NOT STUFF O INVEST IN STOCKS, CD's AND REAL ESTATE RETIREMENT BLISS Shell Hames A SOLD! 84% 50+ own their e own homes GENERAL FACTS: http://www.infowars.com/baby-boomers-start-to-turn-65-16-statistics-about-the-coming-retirement-crisis-that-will-drop-your-jaw/ SAVINGS: http://www.retirement-income.net/blog/blog/2008/08/14/average-retirement-savings-all-measurements-lead-to-the-same-conclusion/ POPULATION OF BOOMERS: http://www.prb.org/Articles/2002/JustHowManyBabyBoomersAreThere.aspx AGING IN PLACE: http://www.aarp.org/home-garden/livable-communities/info-2003/four_walls.html EMPTY NESTING: http://www.escapehomes.com/articles/Baby_Boomers_Statistics_on_Empty_Nests_and_Retirement.htm LONGER LIFE: http://aoa.gov/AoARoot/Aging_Statistics/Profile/2010/3.aspx WORK-LIFE BALANCE: http://seniorliving.about.com/od/retirement/a/newboomerretire.htm RETIREMENT BLISS: http://ezinearticles.com/?Retire-Smart---Four-Strategies-to-Retirement-Bliss-Without-Bagging-Groceries-For-a-Living&id=4537938 RETIREMENT DATA: http://www.aarp.org/home-garden/livable-communities/info-2003/four_walls.html

Baby Boomers Turn 65!

shared by RONLEWHORN on Jul 15
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Facts about our aging generation, the Baby Boomers, as they reach retirement age.

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