Retirement Prospects for the Generations

Most, Bruce W.
August 1996
Journal of Financial Planning;Aug1996, Vol. 9 Issue 4, p34
Academic Journal
The article discusses retirement prospects among U.S. citizens. Retirement is a myth," says Deena Katz, Certified Financial Planner(CFP) of Evensky, Brown, Katz & Levitt in Coral Gables, Florida. People won't be able to afford to retire. The media has pushed this idea of retirements and it won't be there. Not only that, it really doesn't have to be the ultimate goal. Over the last 20 years, changing demographics and longevity have made it clear that retirement is a 30 to 40 year life span. Several planners preferred the phrase "financial independence" instead of "retirement." Whether future retirees will actually have that flexibility of choice will depend in large part on what their vision of retirement looks like and how they plan ahead for it. There is a general consensus among planners and experts that the current generation of retirees and those nearly retired is better off than any conceivable future generation of retirees will ever be. Accumulating sufficient capital for financial independence, rather than outliving it, is more the concern for Baby Boomers.


Related Articles

  • Boomers Need To $tart $aving. Higgins, Barry // National Underwriter / Life & Health Financial Services;10/27/2003, Vol. 107 Issue 43, p17 

    Reports on the importance of retirement planning among baby boomers in the U.S. Focus on saving for retirement; Recognition on the shortfalls of retirement; Strategies that boomers must take on their retirement plan.

  • The New RETIREMENT. Corbett, Jan // Metro (NZ);Apr2008, Issue 320, p36 

    The article offers information on the retirement plans of baby boomers in Auckland, New Zealand. Older boomers expect something back after retirement but the younger boomers are afraid of it. According to a survey conducted on working and retired New Zealanders by Axa concluded that the quality...

  • The New Retirement. Ward, Judy // Plan Adviser;Apr2015, p6 

    The article reports on the increased number of Baby Boomers in the U.S. who plan to work beyond their retirement age. Topics discussed include the reasons behind the rising number of retirement-age workers, the ways in which investment advisors can help retirement-age workers and the financial...

  • Baby-Boom Retirees Want Advice On High-Balance IRA Rollovers. DeSimone, Marcella // National Underwriter / Life & Health Financial Services;6/25/2001, Vol. 105 Issue 26, p37 

    Explains that asset managers are preparing to attract baby boomers to become clients. Anticipation on the roll over of retirement plan accounts by retiring baby boomers; Report released by the Spectrem Group on the retirement plan roll over money of baby boomers; Business opportunities for...

  • CLARK AT LARGE. Clark, Bob // Investment Advisor;Jan2012, Vol. 32 Issue 1, p81 

    The article focuses on the challenging issue for advisory firms in the U.S. A study on advisory firms has been conducted which reveals that most advisors plan more for their vacations than for their firms' welfare. The study which includes analysis of the business climate of independent firms in...

  • Boomers walk parents' path to retirement. Wilkinson, Todd // Christian Science Monitor;5/14/99, Vol. 91 Issue 118, p2 

    Looks at the retirement plans of the baby boomer generation in the United States. The advantages of a retirement community such as Leisure World in Arizona; The influx of retirees from cold climates to the so-called Sun Belt region; The percentage of Arizona's population who are retirees;...

  • Family Fix For Baby Boomers Needed. Blazzard, Norse N.; Hasenauer, Judith A. // National Underwriter / Life & Health Financial Services;4/28/2003, Vol. 107 Issue 17, p14 

    Focuses on the impact of the baby boomer generation on the retirement planning industry in the U.S. Concern about the stability of the Social Security system; Emphasis on longevity planning for retirees; Design of annuities throughout the life insurance industry.

  • The Crucial Question: Can Clients Afford To Retire? Greenwald, Mathew // National Underwriter / Life & Health Financial Services;9/4/2006, Vol. 110 Issue 33, p14 

    The article reports on the question whether clients can afford to retire. In 2004, 22 percent of the oldest baby boomers, then aged 38-58 were already out of the labor force. Others are still deciding whether they can afford to retire. Researchers revealed that few retirees have made a good...

  • Exploit The Protection Side Of The Retirement Need. Lakenbach, Cary // National Underwriter / Life & Health Financial Services;8/14/2006, Vol. 110 Issue 31, p16 

    The article discusses the protection opportunities by financial services providers and advisory professionals for the first wave of retiring baby boomers in the U.S. Providers and professionals can offer term life insurance with return of premium, critical illness insurance combined with long...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics