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HARIS DECIMA poll out on baby boomers. They were born between 1946 – 1965 and they’re retiring in droves right now. Poll shows they will not ‘retire’ the same way their parents did…58% see retirement as an ‘exciting new stage in life’ NOT the ‘doing the garden, digging the weeds’ of Macartneys ‘When I’m 64’ But of course, that means they need money t do all those exciting things …on their bucket list…and that’s all about planning, planning, planning.
A couple of things we are seeing. 1. These baby boomers are retiring coming off pretty high incomes. Another study showed that HNW retirees tend to keep spending the same way they spent while in their working years and 20 yrs after retiring their incomes were the most affected because they had diminished their capital as a result of their high draw over time vs. low net worth retirees who's relative incomes rose as they progressed into retirement. Pensions tend to positively affect this. 2. In terms of interest one of the the fastest growing interest segments is birdwatching. So the conclusion from this is don't be a birdbrain, make sure you plan appropriately and have a tracking mechanism so you don't run out of money.
A couple of things we are seeing. 1. These baby boomers are retiring coming off pretty high incomes. Another study showed that HNW retirees tend to keep spending the same way they spent while in their working years and 20 yrs after retiring their incomes were the most affected because they had diminished their capital as a result of their high draw over time vs. low net worth retirees who's relative incomes rose as they progressed into retirement. Pensions tend to positively affect this. 2. In terms of interest one of the the fastest growing interest segments is birdwatching. So the conclusion from this is don't be a birdbrain, make sure you plan appropriately and have a tracking mechanism so you don't run out of money.
posted by David Allard at
7:20 AM
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