A Baby Boomer’s Shortcut To Financial Planning
Let's face it: If you're a baby-boomer then you might have to start … thinking about the “R” word. Retirement.
And by that I DON'T mean, “your dad's retirement.” Gold watch and kick in the butt and you're out the door. No, I mean… dealing with your financial planning so as a baby-boomer if you decide to reinvent yourself into a new career you should have your financial ducks in order.
When you go to the bank, unit trust or insurance company, financial planning seems to be the new buzzword among customers, clients and people in the finance field.
But, what IS financial planning, actually? Is it strictly for the rich or people who have money to invest? Or is it for those who want to buy insurance and unit trusts?
Have Your Financial Ducks In Order!
The truth is that whoever has financial challenges to solve or financial goals to achieve needs financial planning. Regardless of how much money you are making, financial planning will help you achieve both greater wealth and financial security. Inadequate or poor financial planning can obviously lead to unimaginable financial disasters like nightmares come true.
For instance, an uninsured loss can wipe out all your accumulated wealth. Insufficient savings for retirement can force one into a reduced, low lifestyle or even worse, the postponement of retirement and many other financial catastrophes that are far too depressing to be named!
So in a nutshell, financial planning involves taking a broad view of one's financial affairs covering many areas of wealth management and then going through a step-by-step process to solve financial problems and achieve financial goals.
Read more of Peter J. Fogel , Speaker/Reinvention expert and author of the critically acclaimed book, “If Not Now… Then When? Stories and Strategies of People Over 40 Who Have Successfully Reinvented Themselves (and Baby Boomer moderator) here:
http://www.babyboomersunited.com/BBoomers-Articles.htm
How Financial Planning Can Help The Over 40 Crowd! (Psst! That's You!)
By Peter “The Humorator” Fogel
www.reinventyourselfnow.comI’ve been studying and as a copywriter writing for the financial markets for quite a while now. Of course, I am not an expert, more than anything I come from school of hard knocks. So here are some aspects that you should think about when and if you want to take the prudent approach to financial planning.
First off: If you are still thinking that financial planning is only for the rich, you might just want to change your mind on that now.
It is a fact that financial planning is even more important for the person with an average income than it is for someone who earns a very high income.
The reason is this: an average person has to make his income stretch to cover many needs, and usually there is little money left each month after paying all the bills and loan.
Read more of the article by our Baby Boomer United moderator Peter Fogel here:
http://www.babyboomersunited.com/BBoomers-Articles.htmBabyBooU
aka
Jan Carroll
Baby Boomer Dating
You have been married (possibly plural) maybe had kids and even possibly have grand kids along. Now divorced your are facing dating at a very different time in your life. Divorce leaves a lot of people lonely in the boomer years, especially women. Since most people don’t want to grow old by themselves boomers are back in the dating game and find it very different than they remember in their younger years. Since a good percentage of boomers consider their failed marriage(s) a “mistake,” they don’t want to repeat the same mistakes. Dating, particularly past 45 can be frightening.
Here are tips to make the experience more meaningful and successful.
Dating someone in your age bracket
A high percentage of the people you meet in this age bracket have kids, and many will have grand kids. So this could be a complication. If your relationship developes you will be marrying into another family with all those dynamics of blended families, even if the kids are grown. The other aspect to consider is 'cause boomers have lived a good while there could be some type of emotional 'baggage'. If you look at these two points, and face what it may mean, you will be way ahead of the 'new' dating game.
Going a tad younger in the dating game
Some newly single baby boomers (usually men - but that is changing) seem to want to date people who are years, or even decades younger. One reason, it seems, is that it makes them feel young. In the female case, the young men are about at the same sexual level as we are. But, if you really think about it, what does the other (much younger) person really see in you? Could it be stability, statis, money? Unless you just want "arm candy" or 'fun in the sack' young ones in dating really have no future. It is recommeded to keep your date (relationship) within 5 to 15 years of your own age. At least you know it may have a chance of going beyond the 'honeymoon stage' in that range.
Read more of the article here: http://www.babyboomersunited.com/BabyBoomerOnlineDatingArticles.htm
Baby Boomer Work Life
It would be nice to think that the companies on the leading edge of work/life balance programs are simply being good citizens and doing the right thing! But, the fact is that these programs make good business sense.
In addition to increased productivity and employee satisfaction, companies can retain valuable employees in a competitive environment, and attract new employees with these programs.
Every generation in the workforce today reports that work and life balance is one of the top issues for them and that they want to work in a company that supports their desire to have more balance in their life.
Whatever the reason for the movement, we should be glad it is upon us.
Read more of the article here:
http://www.babyboomersunited.com/BBoomers-Articles.htmMany thanks to Peter Fogel, Authos, Humorist and Reinvention Expert for this article. Be sure to visit Peter and our other great forum moderators at:
http://www.babyboomersunited.com/invision/Happy Friday!
BabyBooU
aka
Jan :)
A Sad Anniversary - John Lennon
Wow - 25 Years Ago
Hard to believe that John Lennon was shot and killed on December 8, 1980. Who does not remember where they were when they heard on the radio, or TV, John Lennon has been shot, to be followed shortly after by "John Lennon is dead".
A sad day for all..just remembers his words "Give Peace a Chance".
Read more here:
>http://www.babyboomersunited.com/where-are-they-now.htm
