Avoiding Boomer Bust - 3 CPE Credit Hours

Objectives:

• Consider the educational, financial, and emotional aspects of the “typical” boomer in their planning for a productive and stable second half of life;
• Understand the changes to the concept of careers and lifestyle brought about by women’s entrance and ascension in the American workforce;
• Plan for the revised needs and priorities of boomers as they prepare for the second half of life; and
• Anticipate the changes to the workplace, market, and service sector instituted by the surge of older Americans in our culture.
• Act to correct bad savings habits;
• Analyze how the higher retirement age for full Social Security benefits and less secure retirement plan benefits affect the success of boomers’ retirement;
• Factor in housing prices and costs and expected healthcare costs in calculating retirement financial needs; and
• Anticipate how the country’s national debt and annual budget deficit, paired with boomers’ growing personal debt, may put retirement security at risk.
• Compare housing options to accommodate boomers as they age;
• Contrast the advantages of entrepreneurship, second careers, and volunteerism against the traditional full retirement economics and lifestyle;
• Understand the regulations for and tax consequences of benefit payouts from retirement plans;
• Initiate estate planning and select options to maximize asset protection; and
• Distinguish among supplemental health plans and prepare for a trusted individual to act according to the patient’s wishes during a health crisis.