An Added Burden For Boomers: Your Children’s Retirements

The Huffington Post published the following piece on May 25. The idea—parents saving for their children’s retirements—left several readers frustrated. Yet parents have always been leaving bequests for their children; this piece recommends a specific type of bequest—a retirement account or annuity, left at death. I am reprinting it here as this week’s post.

The economy is not clicking along like it should—the recovery of the last few years is slow, halting, and uncertain. The United States now has a large cadre of long-term unemployed, and many of them are in their twenties and early thirties. Continue reading

Adding Facebook—a Virtual Social Life—to Your Mix

Computer photo by Wilton Rodregues

Do you have a virtual social life as well as a real one? Facebook, a social networking site dominated by young people, is also becoming popular with retirees. That trend will likely intensify in upcoming years as Boomers, most of whom are already online, move into retirement. A fundamental reason underpins Facebook’s likely growth among older people: friends can be hard to make in later life, and at its core, Facebook is about friends.

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