Boomers: The next chapter

News from the web:

For many Baby Boomers, odds are good the decade just completed will be the last in which they are full-time salaried employees.

As we leave the Aughts [the decade 2000-2009] the first wave of Baby Boomers born in 1945 or 1946 will hit the traditional retirement age of 65 in 2010 and 2011. Tail-end Boomers born in the early 1960s will be 55 to 60 by Jan. 1, 2020.

True, unless you're among the minority with a gold-plated defined-benefit pension, you're unlikely to enjoy that magical chimera dubbed (courtesy of London Life) Freedom 55. Then again, I don't really consider those born between 1960 and 1964 as full-blooded Baby Boomers. If you weren't traumatized by the 1963 assassination of John F. Kennedy, your status as a Boomer is dubious.

Those born in the 1950s, like yours truly, will likely leave full-time employment sometime before 2020. By then, according to Canada's Urban Futures Institute, 425,000 Canadians will retire each year.

Read more: http://www.nationalpost.com/opinion/columnists/story.html?id=ace743d7-5fa5-466f-8a02-6041b4ef016a#ixzz0dRivJz2y
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