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Baby boomers new retirement reality: Being frugal is a must.
Including the “great recession” of 2007-2010, the economy has suffered a several major setbacks over the last few decades. And with today’s baby boomers looking to enjoy as much as 30 years in retirement, chances are another financial crises will be in their future. That means that those retiring today should carefully examine and constantly reexamine their retirement plan to be ready when another crisis appears on the horizon. This CBS News article by Steve Vernon discusses how baby boomers are, and should, adjust to the prospects of a frugal retirement. Click here to read more.
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