POST 50

A Boomer's Guide To Budgeting

In retirement, taking it easy is becoming a lot harder to do.

Take, for example, the most disconcerting finding of Allianz Life Insurance Company’s recently publishedGenerations Apart Study. Nearly half of the 2,000 baby boomers (ages 49 to 67) and Generation Xers (ages 35 to 48) who were surveyed now regard credit cards as an acceptable way to plug a cash-flow hole.

When did the three-legged stool of retirement planning— Social Security + retirement-specific savings (pension, 401(k) and IRAs) + personal savings — become so wobbly?

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