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Small Business Boomers

September 28th, 2008

Early retirement dabblers - AKA “double dippers”

My husband is now a “double dipper.”  It used to be that the term “double dipper” referred to people who retired from the military with another post-retirement government job . In my husband’s case, he retired from his company and is now working part-time for a company that does work for his old company (got […]

By Jean -- 0 comments

September 17th, 2008

I’m on the Road to Retirement !

I turned in my resignation at my “day” job yesterday and I’m counting down the days.  I’m going to stay on part-time for a few months, but I will have much more time at home to do the things I want to do.
Why am I retiring now, when I’m only 60?  Three reasons:
1.  I want […]

By Jean -- 0 comments

August 8th, 2008

Cuts in Retiree Health Coverage at Whirlpool: Another Scary Story for Baby Boomers Nearing Retirement

I mentioned a few weeks ago my concern about the trend of companies to cut retiree health coverage, forcing retirees to pay a higher portion of the costs or drastically slashing the coverage. Now another example:
Maytag has been a big employer in Iowa. They were bought in 2005 by Whirlpool and the new […]

By Jean -- 0 comments

July 30th, 2008

My husband bought a BIG truck - Is he nuts?

He just retired and managed to find a great part-time job. The old pickup he’s been driving for five years is just not trustworthy anymore. So he decided to buy a big truck, a 2005 F150, V8, with extended cab. Gas prices have been over $4 a gallon for several […]

By Jean -- 3 comments

July 16th, 2008

Will you have company-paid health insurance when you retire? Don’t count on it!

With the announcement yesterday from General Motors that they are cutting retiree health insurance, a lot of baby boomers are nervous.   Me too.  As Bill Losey would say, “I can’t guarantee SQUAT!”  And neither can any employer.
My husband retired at the end of last month.  His pension is secure, because it’s an annuity.  I don’t […]

By Jean -- 4 comments

July 14th, 2008

What if baby boomers want to use a financial planner?

One last question in my interview with Bill Losey for National Retirement Planning Month:
Q: We talked about baby boomers being their own financial planners. What if I decided I needed a retirement plann. What would I have to pay? What kinds of people typically use a financial advisor?
A: Baby boomers […]

By Jean -- 0 comments

July 11th, 2008

A Question for Bill Losey about Annuities for Baby Boomers

Q: My husband and I have been looking at annuities. Since I don’t have a pension, I’m wondering if an annuity would be a good idea, so I have some “guarantee” (I hate to use that word, now!) of income when I retire. But I was told not to “annuitize” (that is, […]

By Jean -- 0 comments

July 2nd, 2008

The Single Biggest Retirement Planning Mistake Boomers Make

Are you thinking about retirement in the next few years? In my interview with Bill Losey in recognition of National Retirement Planning Month, I asked him:
Q: What is the single biggest mistake people make in planning their retirements?
A: In Retire in a Weekend I said the biggest mistake is taking advice from unqualified […]

By Jean -- 2 comments

July 1st, 2008

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

In recognition of National Retirement Planning Month in July, I interviewed Bill Losey, America’s Retirement StrategistTM , author of the book Retire in a Weekend: The Baby Boomer’s Guide to Making Work Optional. Bill is a Certified Financial PlannerTM and a Certified Senior Advisor and he has lots to say to those of […]

By Jean -- 7 comments

June 30th, 2008

What’s coming in July on Small Business Boomers?

I have lots of stuff to talk about in July:

July is National Retirement Planning Month, and I’m going to be interviewing Bill Losey, CFP, CSA, author of Retire in a Week, who will provide some great information about retirement planning for Baby Boomers.
July is also the middle of the year and time to take stock […]

By Jean -- 0 comments