Tuesday, June 05, 2018
Baby Boomers: don't give money to your kids
Susan Moeller of the Boston Globe has a stinging list of tips for “baby boomers” in retirement, here.
The attention-getting headline is to give less (maybe nothing) to your kids. (That probably means leaving everything to a surviving spouse for starters; when both are gone, the advice literally doesn't follow.)
Boomers have more problems than they expected, both with divorce and employer stinginess with retirement benefits, a winner-take-all economy, and especially their being caught in the “sandwich generation”, having to care for elderly parents, who lived longer than expected.
Keep working and stay competitive as long as possible. But does that mean, pimp?