Baby Boomers High Debt Low Saving Very Wealthy

I watched this great documentary the other day that explains what I have been seeing over the last 10 years. Baby Boomer's are caring high personal debt, saving less, and yet are more wealthy than they were a decade ago.

How is this possible?

(And make sure to check out the video link on the bottom of this post "Boomer Revolution" from CBC Doc Zone)

Retirement Study

When was the last time you reviewed your financial game plan to see how your plans for retirement are coming along? 


If you are like most Canadians your main focus is holding on to your job, paying your monthly bills and maybe planning a winter vacation.  Retirement is the last thing on your mind.


In a November the Gandalf Group issued the Cosumerology Report, for Bensimon Bryne, interviewing 1,500 Canadians from the age of 50+ on their key financial and lifestyle issues facing them as they planned for retirement.  


Then they compared their responses with other Canadians that where retired, and the results were enlightening.

3 Ways to Retire Sooner!

With the economy slowing, real estate prices dropping and retirement savings shrinking many are wondering what to do now? Put off retirement? Work a second job? Or resign your self to a weekly trip to the mall instead of annual trek to Arizona? Under all this pessimism there is hope.

The reality is all these things have happened before (although for many it has been more severe than expected) and if you are properly positioned and prepared here are three things you can do to give your retirement plan a boost.