Small Business Boomers

July is National Retirement Planning Month! My interview with Bill Losey, author of Retire in a Weekend

by Jean on July 1st, 2008

In recognition of National Retirement Planning Month in July, I interviewed Bill Losey, America’s Retirement Strategist^TM , author of the book Retire in a Weekend: The Baby Boomer’s Guide to Making Work Optional. Bill is a Certified Financial Planner^TM and a Certified Senior Advisor and he has lots to say to those of us who are now or will soon be thinking about retirement. Over the next few weeks, I’ll be presenting questions I asked Bill and his responses. Here’s the first question:

Q: Bill, you define retirement as “making work optional.” What does that mean?

A: Most baby boomers over the age of 50 are either actively thinking about retirement or are in a “pre-retirement” stage. Many of them are getting tired of the “grind” of the alarm clock, the red tape, and the office politics in a large corporation. They need a break. So they think about retiring.

But this is a tough time to retire. With all the “doom and gloom” in the news media, people in their 50’s and early 60’s are worried about their financial futures. I did a survey a year ago of over 12,000 baby boomers and asked them their biggest concerns about retirement. Here is what they said:

Outliving my money - 38%
Failing/losing my health – 19%
Keeping up with inflation – 16%
Paying too much in taxes – 14%
Stock market volatility – 10%

I want to help people do what they LOVE to do and have the financial freedom to do it, without the worries. Your dream might be to work part-time, or start a business, or take a traditional retirement, doing away with work altogether. I can help you do the planning and goal-setting necessary for effective pre-retirement planning so you and other baby boomers can work or not work… it’s optional.

 Tomorrow, I’ll have more on National Retirement Planning Month (including a cool offer from Bill - you can get a sneak preview by going to the website) and Bill’s answer to the next question: “What’s the single biggest mistake baby boomers make in planning their retirements?”

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POSTED IN: Boomers nearing retirement, Business Plan, Business Quotes, Sharpening The Saw