By Mark Mills, Nancy Mills
Publication via generators, Mark, generators, Nancy
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Extra resources for Boomers! Funding Your Future in an Age of Uncertainty
Even if you find another job with a defined benefit plan, the plans are structured to reward seniority, not job-hopping. If you are leaving a job and can control the timing of your departure, make sure you do not leave just before being credited with one more year on the job, which would boost your monthly pension payment in retirement. Later in the book, we devote a chapter to the basics of investing, a chapter to mastering your 401(k), and another to IRAs, annuities, and other retirement savings tools.
After long careers and many years of raising families, millions of Boomers are feeling like now is their time. In the coming years, millions more will enter the same phase. It is time to reconnect with dreams and rediscover old ambitions. It is time to book the trips not taken and read the books we had no time to open. It may be time to rekindle an old romance or refinish an old chest of drawers. Options are opening up. There are plans to be made, goals to be met, times to be had. They say time is money.
Boomers have been just the opposite. They have been a career-oriented generation, most of whom plan to remain in the workforce beyond the age when previous generations have called it quits. “The baby Boomers have an identity with their jobs that their parents never had,” says former New York Times financial columnist Fred Brock. “Baby Boomers don’t think of themselves as having jobs, they think of themselves as having careers. They are professionals. It’s a part of their psyche; it’s a part of their emotional makeup.
Boomers! Funding Your Future in an Age of Uncertainty by Mark Mills, Nancy Mills
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