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Retirement in Hard Times Challenges and solutions facing boomers in the transition years Mark Miller
A case of bad timing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The new economic realities ,[object Object],[object Object],[object Object]
The new economic realities ,[object Object],[object Object]
The great wake-up call The economy we have now is the economy boomers will retire into!
What now? ,[object Object],[object Object],[object Object]
Challenges and solutions Financial Career Living
And, in all three of these areas . . . ,[object Object],Otto Von Bismarck, German Chancellor, 1862-1890
Two reasons to retire retirement ,[object Object]
Two reasons to retire retirement Source: 2009 Social Security Administration Trustee’s Report
Two reasons to retire retirement ,[object Object]
Challenge: Financing retirement  ,[object Object],[object Object]
Challenge: Financing retirement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution: Automation, expanded access ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution: Get Otto out of the closet! ,[object Object],[object Object],[object Object]
Solution: Do-it-yourself pension ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution: Have a plan! ,[object Object],[object Object],[object Object]
Solution: Have a plan! ,[object Object],[object Object],[object Object]
Solution: Have a plan! ,[object Object],[object Object]
Challenge: Health care risk ,[object Object],[object Object],[object Object]
Solution: Understand Medicare  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution: Health care reform Time to stop scaring Grandma!
Solution: Health care reform ,[object Object],[object Object],[object Object],[object Object],[object Object]
Solution: Health care reform ,[object Object],[object Object],[object Object],[object Object]
Solution: Consider long-term care policy ,[object Object],[object Object],[object Object],[object Object]
Solution: Working longer  ,[object Object],[object Object]
Solution: Working longer ,[object Object]
Solution: Working longer ,[object Object],[object Object],[object Object],[object Object],Percentages = increase in annual retirement income over amount collected if retirement occurs at age 62
Challenge: The workplace ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],http://tinyurl.com/yjn8jnk
Solution: Entrepreneurship ,[object Object],[object Object]
55+: highest rate of business formation 2005: 0.34% of adults age 55-64 started businesses
Challenge: A life well led ,[object Object],[object Object],[object Object]
Solution: Encore careers ,[object Object],[object Object],[object Object]
Solution: Volunteering ,[object Object],[object Object],[object Object],[object Object]
Solution: Lifelong learning ,[object Object],[object Object],[object Object],[object Object]
Retirement in Hard Times Challenges and solutions for the transition years Mark Miller

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Transformation in Progress: A Report from the Trenches - Mark Miller

  • 1. Retirement in Hard Times Challenges and solutions facing boomers in the transition years Mark Miller
  • 2.
  • 3.
  • 4.
  • 5. The great wake-up call The economy we have now is the economy boomers will retire into!
  • 6.
  • 7. Challenges and solutions Financial Career Living
  • 8.
  • 9.
  • 10. Two reasons to retire retirement Source: 2009 Social Security Administration Trustee’s Report
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. Solution: Health care reform Time to stop scaring Grandma!
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31. 55+: highest rate of business formation 2005: 0.34% of adults age 55-64 started businesses
  • 32.
  • 33.
  • 34.
  • 35.
  • 36. Retirement in Hard Times Challenges and solutions for the transition years Mark Miller

Notas do Editor

  1. Darkest line at top if 55-64 group. Other lines indicating high rates represent 45-54 (solid blue) and 35-44( dotted gray). Lowest rate (blue at bottom) is 65+.