For baby boomers, retirement can be difficult when living on a fixed income. For every 100 people who reach the age of 65, 28% are dead, 62% are flat broke, 5% are still working, only 4% are financially fit, and 1% are wealthy. Those statistics alone are a wakeup call. Our financial planner told us not to touch anything in our retirement fund for 10 years after we retire because with the rising cost of living, the money we get now with pensions and social security will only be worth half of what it is today. Maybe it is time for you to look into new careers for baby boomers where you can stay productive and earn some extra income on a part-time basis.
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