I know what you're going to tell me. Everybody knows that 60 is the new 40. Or 30. Or maybe the new 50. Definitely no one says that 60 is the new 16. But I haven't made a typing error. Sixty definitely is the new 16, and just to prove it to you, here are 10 things the two have in common.
Trying to retire without any savings in the bank can be difficult, and that difficulty is compounded by other factors senior citizens need to keep in mind as they age, like health issues and mobility.
If you want to retire rich, and maintain that wealth, you should be looking at important regional factors, such as taxes, local living expenses and the affordability and accessibility of health care.
Boomers face the increasing perception that they are getting long in the tooth, and that younger managers are better prepared to lead project teams going forward. Yet the truth is that over 80 percent of corporate managers are not only ill-suited to their jobs, but their lack of leadership negatively impacts profitability.
When you're researching your options for retirement or work abroad, it's not unusual to run into indexes and rankings of the relative cost of living in different countries. These can be excellent guides when comparing various locations.
As the global financial situation continues to deteriorate - a slowdown in China, loan default by Greece, disarray in the European Union, and weak energy prices - people are becoming increasingly concerned about how they will protect their money in the event of another financial meltdown.
To me, it's all about balance. There's no boiler plate solution; it depends on your personal situation. With some planning, I believe you and your wife can enjoy this time in your life without jeopardizing your future.
Retiring early -- or leaving the work force for the golf course, if you like -- might sound like an unattainable goal. That's especially true if you look at the challenge from a pure cash paradigm. But there are many ways to make it, so long as you take numerous approaches into account.
Even though 49 states mandate a balanced budget, either constitutionally or statutorily, there is no uniform definition of a balanced budget, and accounting trickery has allowed states to avoid paying for their future obligations.
I am grateful that he taught me a few financial lessons in the 21 years I lived with him. I didn't know it at the time, but a lot of what my Dad said, did stick with me into adulthood and my financial practice.
Baby Boomers are retiring on a daily basis, but that doesn't mean they've stopped working or even want to stop working. And their retirement planning and work choices are not always about the money.
You've reached a certain age -- over 50? 60? 70? -- and stage in your life: Your energy level is still high, the desire to help others is stronger than ever, and the concept of retirement makes you shudder. So what do you do?
None of our efforts in life are ever wasted. We can't always see the reverberations of good intent, but they ripple forever outward just the same. Doing something out of love for another is no small thing.
You can choose to see yourself as a victim. You can lament your fate and just struggle to survive until it passes. Or you can accept the truth that suffering is part of your journey and embrace the incredible opportunities it offers you to grow and develop. Here are just a few to consider.
My father and I were of different stripes. He, for instance, would have pleased an investment adviser friend of mine who bemoans the fact that "no one saves these days."