Negative inheritance happens when the "the costs to children of caring for aging relatives outstrip any gifts or bequests they might receive in return." The phrase was coined by Laurence Kotlikoff, a professor at Boston University. »more»

Current housing woes notwithstanding, economists are looking ahead five years when the 78 million baby boomers enter their twilight years. As this happen they will increasingly become sellers of real estate which is expected to result in significant downward pressure on housing values. »more»

The Los Angeles Times writes about baby boomers using the increased equity in their homes to finance a reinvention of their lives. Notwithstanding recent housing woes, most boomers who have lived in their homes for more than a few years have a great deal of equity and are capable of using some of that to pay for a new start somewhere else. »more»

The headline from the Wall Street Journal says it all, "As Boomers Retire, Insurers Aim to Cash In." This means that baby boomers need to be prepared for the coming onslaught of marketing messages (and possibly high pressure sales tactics) to get them to buy annuities. »more»

Expenses in later life are proving to be bigger and more unpredictable than many retirees anticipated, says the WSJ in their »more»

Several recent articles about funding retirement are enough to scare even those who think they're on track to live comfortably in retirement.

The future could be one of declining portfolio and housing prices, higher taxes, slower economic growth, and increasing out-of-pocket medical costs. Baby Boomer retirees could find their savings, pension (if any), and social security won't give them the standard of living they expect. »more»

Five Tips for Baby Boomers Planning for their Retirement from the WSJ: »more»

The Treasury Department and the Federal Reserve are introducing the Countdown to Retirement campaign (http://www.godirect.org) to encourage retiring baby boomers to start depositing paychecks via direct deposit. Why does the Feb care how baby boomers get their paychecks? Because they very much care about whether or not boomers elect to use direct deposit on their Social Security checks. According to the agencies: »more»

A recent survey showing that two out of three people over the age of 50 view the "retirement" phase of their lives as "a time to begin a new chapter, start new activities, and set new goals." (AARP who did the research called it the "End of Retirement".) Yes, this is very different than the manner their parents — the so-called "G.I. Generation"--approached retirement. »more»

Chilling front page article in today's Los Angeles Times concerning the financial peril facing many boomer-aged women as they enter retirement. »more»