Top positive review
18 people found this helpful
Spotlight On Boomer Retirement Issues
on May 16, 2006
I was given this book as a gift, and really didn't know what to expect. The book focuses on the issues facing baby boomers in all facets of their lives, and particularly stresses educational and volunteering opportunities, employment after retirement, and longer life expectancy issues, which of course in turn leads to a discussion of financial planning.
The book is generally good, although a lot of the subject matter is common knowledge (people are living longer, Social Security is in a financial pit, etc.), it does seamlessly blend the social and societal impacts of longer life with the financial issues involved. Although I don't agree with the authors on everything, their points are well taken and worth listening to.
The book is very good at citing websites that contain much valuable information for people interested in business and retirement related lifestyle changes, and is especially strong with the theme of education. Chapter seven concerns financial planning and is a good, but very general overview. If you really want to understand this subject, you will need to buy a separate book. I also urge readers to be very cautious about the recommendations the authors make regarding annuities.
I was born in late 1964, so demographically I get lumped in with the baby boom generation. The friend that gave me this book was also born in 1964, and while we both are technically baby boomers, we both identify far more with the succeeding generation. One of the detractors of this book (and indeed some other books that I have read by boomers) is an occasional smugness about being a boomer. I noted that tendency a couple of times early in the book, but I was pleased when near the end of the book the authors made the following statement during a discussion of volunteerism and legacy: "Unless you find ways to give something back and keep contributing in your later years, you will help cement our generation's reputation as a bunch of narcissists." I was glad that the authors frankly acknowledged this perception, which while it is not applicable to all boomers of course, is widely held, especially by younger generations.
This book is a good summary of some demographic trends in American (and world) population, notably the trend toward working in retirement. The book does offer some insight into the future, but offers no specific planning advice for an individual. The strength of this book is in the resources it points out, most of which are available on the Internet, and in getting the reader to think in unconventional ways about retirement. This book is an interesting place to start, but it must be viewed as just that: a starting point on the map to retirement.