Boomers Going Bust? Welcome to New Retirement
This is the year when boomers start to go bust. Many of them anyway. The oldest baby boomers are beginning to hit the 65 year-old retirement wall. But a bunch of them, says Onalaska financial planner Mark Bertrang, just aren't ready. At least not as ready as their parents who survived the great depression. Many of the boomers, says Bertrang, have never had the attitude that they needed to save or prepare for retirement because they just didn't go through the same economic trials as their parents. Consequently, Bertrang says, most boomers will likely have to hold down part-time jobs as part of their retirement.