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.
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.