America's 75 million boomers are about to become our largest-ever retirement generation. And as they migrate into their later years, health will be the ultimate retirement wildcard. For many, health and health care expenses will be the difference between a retirement filled with opportunity, independence, and financial security, or a retirement diminished by worry.
Have you ever heard someone joke that if they knew they'd have lived so long, they would have taken better care of themselves? As it turns out, this is no joke. Today's retirees tell us in no uncertain terms that the number-one ingredient for a happy retirement is, by no small margin, having your health.
Retirement as our parents experienced it is being retired... As tens of millions of us now ponder whether and how we might work as well as play in retirement -- for the money and/or the stimulation -- it can be helpful to follow the lead of the trailblazers who are already shaping this new retirement workscape.
You may have read the headlines and heard the stories: Retirement is being retired. For more than thirty years, I've been analyzing the data and trends, and I've long predicted that working in retirement would one day become the norm. Now it has. We have reached the tipping point where the majority of people now plan to work in retirement, and this later phase of life will never be the same.
With today's economic uncertainties, many of us have one or more family members who are struggling financially. A brother who lost his job and is at risk of losing his house. An adult daughter who recently divorced and may need to move back in with you, at least temporarily -- with her two small children.