Mrcauser’s Weblog

Just another WordPress.com weblog

Retirement is for the lazy……..

leave a comment »

 I can’t wait.

Florida in the winter and Idaho in the summer. RV for me. Plus running a hot dog cart for spending money. Fishing with Al, Jake and with my son Jeremy.

They already get one check so I’ll have to catch with my piddly Social Security check. Won’t be much when Obamama gets done, but what the Hell!

For Boomers, recession is redefining retirement – USATODAY.com

The reality is sinking in: Baby Boomers, born from 1946 to 1964, are planning to work longer, save more money and spend less, to reach any semblance of the retirement they once envisioned. According to AARP:

•35% of those ages 45 to 54 have stopped putting money into their 401(k), IRA or other retirement accounts.

•25% said they have prematurely withdrawn funds from their retirement accounts.

•56% have postponed a major purchase.

•24% have postponed plans to retire.

“Today, I see myself working until I drop,” says Kyril Wickenberg, 59, of Savannah, Ga.

The pain of unemployment

It may not be so easy.

When 1,097 Americans 45 and older were surveyed last December, 9% of them said they had lost their jobs in the past 12 months, and 31% of workers that age said that it is very likely that jobs will be eliminated this year, according to AARP’s 2009 report.

Baby Boomers also are out of work longer than younger Americans. Last year, they were out of work 22 weeks on average, compared with 15 weeks for the 20- to 24-year-old age group, according to the Bureau of Labor Statistics.

They may find it hard to get a new job because they’ve had higher salaries. And that means they may have a higher threshold before they’re willing to take another job, says Maria Heidkamp, a senior project manager at the John J. Heldrich Center for Workforce Development at Rutgers University.

Advertisements

Written by mrcauser

June 18, 2009 at 8:00 pm

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: