Let’s talk about change. The economic downturn created a new retirement reality. Many of us are going to have to work longer to meet our financial needs. For some people, that’s fine. Many baby boomers don’t see themselves retiring at all. Some prefer to transition to more of a work/life balance. However, there are still some of us who want time to go fishing. During the recession Americans experienced an unprecedented loss of wealth. It will take time to recover from losses. This means that many of us will have to work into our 70’s. The good news is that if any generation can do it, Baby Boomers can.   Our average life expectancy is roughly 80 years of age, giving us the cushion to recuperate some of our losses. That being said, we have acquired new financial obligations, which will challenge our fiscal fitness. Our children are struggling and many of us are trying to support them as they face a difficult job market. Also, we have to contend with a volatile stock market and economic aspects such as inflation. One of the more important challenges to embrace is the role Social Security plays in our future. The program has   Read more…