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[A332]After The Baby Boomers

by Kyle Norton, Kyl

Remember that the government only represents about 30 and many of us do not have one. It is up to individuals to invest wisely short and long term in order to make up for the short fall if he or she would like to live comfortably after retirement without giving up some retirement plans. Because of low interest rate environment, unlike the generations before them, they know that fixed income investments are no longer provide enough incomes for their financial needs.In this article, we will discuss the baby boomers and equity investments. The equity investment that has out-performed all others by at least 6.5 in stocks and 40% in bonds.

1. You are allowed to hold the equity investment securities such as Publicly traded stocks, bonds, mutual funds, stocks and term certificates,etc.In your RRSP, 401k and IRA account. In addition, you may also choose to purchase income annuities when you reach the age to roll over your RRSP, 401K and IRA account. Remember, a legal minimal withdrawal payment is required each year, if you over 69 years old for Canadian resident and 70 and 1/2 years old for US resident.

2. Your RRIF investments that roll over from your RRSP account allow you to invest in equity market just like any RRSP account. In case of IRA and 401k roll over to IRA account, you are allowed to investment in equity markets by following the IRS Publications and the Internal Revenue Code. Your money continue working for you, tax-sheltered, allowing your capital to continue to grow and providing protection against the ravages of inflation. Minimum withdrawn payment is required each year.

3. You can set up your investment in RRIF when RRSP is required roll over to RRIF,so you can increase your cash flow each year to ensure your needs are adequately covered. In case of IRA account, the same ste up will do the trick.

4. Even with tax against your with minimum withdrawn payment, your tax-deferred RRIF and IRA investments represent the major wealth-accumulation instrument because of the unstoppable power of compounding interest.

5. Today, inflation remains low, but there's no guarantee it won't rise soon. Inflation eventually erodes the value of your money.

I hope this information will help. If you need more information, you can read the complete series of the above subject at my home page:

There have been improvements in the Social Security system that includes the introduction of Medicare that has had important effects on the economic well-being of senior citizens in the United States. Today, the percentage of senior citizens with incomes below the poverty line is about 10%. These gains have not been shared by all senior citizens. Poverty rates are higher among certain groups of senior citizens that include:

&bullBlack Americans
&bullHispanic Americans
&bullPeople who never finished high school
&bullPeople living alone
&bullPeople 85 and older
&bullPeople living in central cites
&bullPeople living in rural areas

Level of education among US senior citizens in the future is one of the most dramatic changes. By the year 2030, 83% of seniors will have completed high school. Senior citizens with a bachelor degree or more will have increased to 24%. These changes are significant for health and social service systems because education is closely related to lifetime income, and people with more education generally are in better health and at lower risk of disability. However, the better-educated seniors are expected to be more demanding health care consumers.

Widowhood is much more common among senior citizens due to the fact that women generally live longer than men. Senior citizens who live alone after losing a spouse usually prefer to remain independent and continue living alone as long as health and finances allow it. Even though many of this group of senior citizens have families or friends nearby they are still more likely than those who live with others to feel lonelier and more isolated.

Average life expectancy in the United States is currently highest for white women, followed by black women, white men, and black men. As an average, women who live until age 65 can expect to live to age 84. Those who live to age 85 can expect live to age 92. The number of people living to age 100 in the United States is certainly growing.

Disability and diseases are much more common in senior citizens than in people younger than 65. Common chronic conditions among senior citizens include:

&bullArthritis
&bullHigh blood pressure
&bullHeart disease
&bullDiabetes
&bullLung disease
&bullStroke
&bullCancer
&bullHip fractures
&bullParkinson's Disease
&bullAlzheimer's disease
&bullDementia

An increase in the senior citizen population means more health care expense, and the likelihood of having more than one disease among senior citizens also increases. Among people age 65 and older, 30% have three or more chronic diseases. Having more than one disease complicates care. Sudden change or illness in one body system may stress another body system and make it difficult to interpret symptoms for a definitive diagnosis. Sometimes the symptoms one disease may hide the symptoms of another disease. For example, a person with arthritis may never be physically active enough to show symptoms of heart disease, which makes making the heart disease difficult to recognize.

Senior citizens who need assistance with routine ADLs rely first on family. The use of paid helpers, however, is consistently higher among older adults living alone and increases with age.

On the average, senior citizens go to the doctor more often than younger adults. Senior citizens are also hospitalized more frequently than younger people.

Senior citizens utilize the services of home health care that includes medical treatment, physical therapy and homemaker services more than the younger population. Prescription drugs are a major part of medical treatment. At least 80% of senior citizens take one or more prescribed medicines.

One of the most important, unanswered questions is whether or not our increased lifespan will be filled with good days and years. It is not likely one answer can be applied to all senior citizens because of the great variations in health and functioning from one senior citizen to the next.

Other unanswered questions can only be answered by the passage of time. These questions include:

&bullWill the increasing numbers of senior citizens with more education and longer lives contribute productively to the larger society?
&bullCan the health care system handle the greater number of senior citizens?
Some analysts fear the great increase in the numbers of senior citizens from the baby boomer generation of people born between the years of 1940 and 1960 may place a strain on the medical care system and the public programs that finance health care and retirement to the breaking point. What we have on our side is:

&bullImprovements in health behavior
&bullMedical breakthroughs
&bullFinancial prosperity

These three may help diminish the threats from the increased senior citizens from the baby boomer generation of people born between the years of 1940 and 1960.

Source: Foundation for Health in Aging

Disclaimer: These statements have not been evaluated by the Food and Drug Administration. The information in this article is not intended to diagnose, treat, cure or prevent any disease. All health concerns should be addressed by a qualified health care professional.

This article is FREE to publish with the resource box.

Â© 2007 Connie Limon All Rights Reserved

By: Connie Limon -

Article Source : Pg. 187

About Author

Both Kyle Norton & Connie Limon are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Kyle Norton has sinced written about articles on various topics from Abdominal, Finances and Health.