Don’t Retire Even If You Can — A Baby Boomer Manifesto

Don‟t Retire, Even if You Can

And What You Should Do Instead

Baby Boomers embraced retirement like a religion. It was all the doctrines and fables wrapped up in a 401K: The ant and the grasshopper; sacrifice and paradise; work hard all your life, save your money in an IRA and receive your reward at the end. If you hate your job, retirement becomes that much sweeter. Keep your eyes on the day when, like the beautiful, silver haired couple in the retirement brochure, you‘ll be able to quit work and spend your days at the beach.

Of course, there was a chance we‘d get hit by a meteor first. Or the economy could tank and take all our retirement savings with it. But those possibilities seemed remote.

For a lot of us, retirement became golden handcuffs, keeping us tied to careers where we had to drag ourselves to work every day and, once there, create diversions to distract us from the fact that we were there.

We knew people who changed careers, deciding 20 years was too long to wait to enjoy life. But those were the line jumpers. The rest of us stayed put. We didn‘t want to start over again and we weren‘t sure what career to choose if we did. So we hung in there. We thought we were playing it safe.

Then the economy did tank. Our great reward, our retirement, vanished almost overnight taking with it our entire vision of the future and flushing all our years of service to the 401K god. It looks like our entire generation got duped.

But here‘s the plot twist. —— To read the rest, download the entire document by clicking here!

Download this 17 page document and let me know what you think! Are you ready for a new reality?

Marc Miller Career Design Specialist

Career Pivot FaceBook Page

Twitter : @MrMillerAustin

Twitter : @CareerPivot

 

Comments

  1. That’s great advice, keep boomers who can afford to retire in the workforce, further squeezing desperate younger people desperate for work of any kind. Classic boomer narcissism. It was you’re generation that screwed the pooch for everyone. Thanks for nothing.

    Sincerely,

    Someone younger and poorer than you

    http://money.cnn.com/2011/11/07/news/economy/wealth_gap_age/index.htm

    • baikal,

      I am a boomer (1958), and I don’t have a lot of choice in the matter – I will have to work well past the traditional so called “retirement age” of 70. I haven’t had a 401k since 2010 when I lost my last position. RIght now it is making due any way I can. But it has been a lot of short term positions with no benefits of any sort. My 401k funds are negligible.

      This Obama payroll tax cut – to the Social Security tax is very short term thinking. Think about it.

  2. Marc Miller says:

    Baikal,
    It is a double edge sword. I have many friends who will HAVE to work into their 70′s and maybe beyond because their retirement nest egg is gone and not because they did not save but because of chronic unemployment in the last decade and the high cost of education for their kids.

    I will say that many baby boomers have many self inflicted wounds by spending, spending and spending.

    Thanks for your comments. That was a very valuable link you provided.

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