They say that 60 is the new 40, and Baby Boomers are proving that to be true. We are working (and working out) much longer, traveling farther, pursuing more vigorous lifestyles, and living well into our 70s and 80s and beyond.
Unfortunately, the outlook for our savings isn’t quite as rosy: prices over the lifetime of an average 65 year-old have risen over 850%, according to the Bureau of Labor Statistics. Which means that today, $9.54 is the new $1.00.
As our lifespans stretch and our buying power shrinks, preparing for retirement becomes critical. This website offers practical advice regarding the financial decisions that you will be facing: when to take social security benefits, how to demystify Medicare, where to find ‘extra’ funds once you stop working, and how to ensure that you have enough money to cover the rest of your life.