I only learned I'm a boomer when the first ones retiring hyped it all up. I thought those were the old people. What the hell? I couldn't possibly be one of them. Yet I had already early retired to take care of mom and the end of her life and then sail away with my bud who, of course, died on me and our plans. That bitch!
I can say from first hand experience that retirement sucks. My mother tried to teach me that but I had to learn the hard way. So I'm transitioning yet again into my 2nd and final act, retirement merely, apparently intermission. I'll quit again when I'm dead.
Good points in the article but what it doesn't mention is how not only were our parents (the parents of the boomers) probably the luckiest of generations in the history of this planet, raised and on their own after the Great Depression but before SS & Medicare were at risk, but also they lived during a period of more sure economics generally, even aside from all their pensions. During their time, considering a crash of the US$ was tin hat material while now you're crazy if you don't consider it. In the last few years we've seen tons of people lose 50-80% of their net worth practically overnight. This is insane.http://money.cnn.com/2012/09/11/news/economy/wealth-net-worth/index.html
"Most Americans below the upper echelon have suffered a decline in wealth in recent decades. The median household saw its net worth drop to $57,000 in 2010, down from $73,000 in 1983. It would have been $119,000 had wealth grown equally across households.
So unless you have 10s of millions, how do you even trust this economy anymore? And even then, who's to say someone won't take that away. These are strange times.
And then, besides that most of us don't have children to look after us, yet another reason to stay as physically fit (body and brain) for as long as possible, but it happens that at about this age family and friends start dying off like flies. I can't believe how many people I've buried since I quit. In my own family, most all the previous generation is gone and I started off with like 60 cousins just on mom's side. We just buried another one like two weeks ago, one of my favorites. This sucks.
The part in the article about not working for 30plus years as being discouraging is so true. I'm just on about 6 years now and though I've been doing volunteer work and fixing up houses, did a total move, trying to keep life interesting. But I've got lots of family living healthy into their 90s and if I had another 40 years of retirement? I'd kill myself quick. Life is a lot longer than people give it credit for.
As the article mentions, health issues as we age can prevent work and then there are nursing home issues which it only touched on. I don't know if the author was being politically correct but an issue with assisted living & nursing homes it skirted is that much of the help there is by 1st generation Americans, often meaning immigrants from homophobic Caribbean countries so there is danger of them importing those attitudes into those facilities.
So I'm staying on the good side of my nephew. He's gonna be a surgeon and I'm gonna require him to bring home for me some high priced hookers when I'm in my 90s.