3. Live Well and Pay the Bills
When you were young, you wanted to live forever.
Now you’re afraid you just might.
—Wachovia Securities advertisement
Myth: Boomers Can Afford to Retire
As a boomer professional, you are likely counting on pension, savings, and health programs from your employer to sustain you in your retirement, whenever that occurs. Combined with your personal savings and social security, you reasonably expect retirement to be an enjoyable and secure phase of your life.
However, boomers often underestimate their financial needs and overestimate their prospective retirement resources. Research and experience suggest that you need to take a fresh look at your financial situation and plans so that you can live well ...
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