Boomers & Their Parents - Wednesday April 27, 2011

Daryl Diamonds book "Buying Time" points out Boomers and their parents have significant differences between them. For starters Boomers are about to retire and they expect to retire earlier, live longer and do more in retirement. However most do not know how much money they will need to do this, and they are not as financially prepared as they need to be. Whereas, their parents are retired and have lived frugilly but we find there is a great deal of inefficiency in how money is used for personal objectives, taxed by government, is used for health-related expenses and ultimately passed on to future generations. Buying Time delivers a combination of technical information and solutions that addresses the different yet connected problem,s of two generations moving through retirement at the same time.