Babyboomers & Retirement Planning-Tuesday May 3

Dan Richards advises advisors about retirement planning and his article this morning had some interesting points about baby boomers in retirement. Over the coming decade, nearly 10,000 boomers per day in North america will be turning 65 and retiring. They are different than retirees before them. They are all part of a group he calls "second-half champions". This refers to a more vigorous lifestyle than their predecessors. The challenge is living an active lifestyle longer requires more money and requires more creative planning to make your income last and address the sometimes less tangible needs of aging retirees. I will talk about some of those areas this week so stay tuned!