Having just posted about Baby Boomers retirement threats, I saw this the next day at Marketwatch. With a headline of;
Housing crash hits baby boomers
Home-price declines will eat into boomer retirement nest eggs
CHICAGO (MarketWatch) — The collapse of the housing bubble will likely have drastic implications on the wealth and retirement of certain baby boomers, according to a report Tuesday by the Center for Economic and Policy Research.
The median household headed by those between 45 and 54 in 2009 will have about 25% less wealth than the median household of that age in 2004, according to the report. That household’s wealth will decline to $113,268 in 2009, from $150,113 in 2004.
This is a reality guys ……………. to read the whole report click here.
This is not only a USA event. The Baby Boomer generations are as dominant in Australia, New Zealand, Canada and South Africa. Internal geo-political situations differ between all these countries, but the size, weight and influence of the Boomer generation is dominant.
So sell the house, downsize and rent a smaller-cheaper place and invest in India and the emerging markets. Does that shake a few paradigms????????
Later,
Ima Boomer
Filed under Lifestyle by admin
Spread the Word!
I know that one of the biggest causes of concern to all of us when surfing online is our privacy. How secure are we when we go online? Surfing the Web will expose all your data to the rest of the community, if you do not take active steps to prevent this from happening. It does not necessarily require malware or virus to exist in order for this to happen. Computers that allow programs such as indents and fingers to run will let them access your data and reveal your name and other data that can put you at risk.
Does it seem strange how they actually mange to these information from you?
It is easy; every time you visit a website, some data will be collected and stored and every visit to a website actually reveals some form of data about you.
How do you stop this?
You can breathe in relief to know that you can surf the internet anonymously. These are protection that you can use to prevent people from getting access to data you want to keep private. You can benefit from anonymous proxy servers A proxy server replaces your IP. The result is your address is being covered by the new mask.
How do I get an anonymous proxy server?
There are many vendors who sell anonymous proxy servers. You can also use free proxy services available. ShadowSurf and Guardster may be the tool you are looking for; Guardster can be used free, but if you want more options, go for the premium services. ShadowSurf is a free service you can use. Go to the site and enter a URL to stay anonymous. Those are good tools to assist you remain anonymous.
There is an interesting development pertaining to news about Google filtering its contents for the Chinese government. What is interesting, this organization actually claims that they are currently developing a new application hat will let all Citizens of China to surf the Internet censor free.
Does an anonymous proxy server make you 100% safe?
No it is a wiser choice than surfing without one. Are there other effective steps to take to ensure better safety of my private information? Three other items come to mind when trying to keep your information private. The first thing is to use an encrypted data to hide your important data. The scope is beyond the scope to this article but you can always surf the internet to find out more on this aspect. Delete all cookies after each session. JavaScript, Java, and active content can be removed to decrease risk. This will severely limit your surfing enjoyment, so be sure to choose carefully.
Filed under internet, technology by admin
Spread the Word!
Image via WikipediaIts something most of us don’t want to acknowledge, but we Boomers are getting older and so to plan for any unforseen incidents disability insurance is a must have.
Having a disability insurance policy could be a lifesaver if you cannot work for a period, especially with a family; a scenario where a person, who brings money into the home, cannot work is one that is played out by thousands every day. For many people, protection against disability can be a lifesaver if you can’t get to work and earn an income. In fact there is a higher probability of a person requiring some form of protection against disability before they retire than the likelihood of dying.
The problem is that life insurance is the number one consideration for most people, especially when they have dependants, without even looking into the benefits of covering themselves against disability. If you are aged 40 for example, there is a higher chance that you will be disabled, and thus unable to work for a period of 90 days or more, than of you dying before the age of 65. The problem is disability insurance costs more than basic life cover as it is costlier to provide.
Unlike life cover, disability rates are based on the potential income lost as well as, age, occupation and general health. One method of lowering the policy premium is arranging for the plan to ‘kick in’ only after the incapacity has lasted for a set period of time. so effectively reducing the possibility of claiming on the policy. The other is opting for a shorter period of cover; although you need to bear in mind that once your period of benefit ceases you would have to support yourself.
Insurance company policies will differ but the majority will only pay a percentage of your lost income so it is a good idea to choose the best one for you and in this instance, the cheapest may not necessarily be the best. There are two policy options available; the first is short term disability insurance which only covers the claimant for a few months of incapacity. If someone wants to claim total disability and be completely covered financially, they will have to prove that they are unable to perform the majority of the tasks they could previously.
Irrespective of the type of policy you have, payments for disability are made regularly, every week or month until the end of the incapacitation or the policy, whichever come first. Other key points to consider when looking into health policies are if there are restrictions on:
- Attitude towards pre-existing conditions
- Is the benefit taxable?
- When do the payments stop?
- Are you employed in a high risk occupation?
The level of cover provided for your original salary will differ with each insurer’s disability insurance policy. With some providers giving 70 percent of the original salary, you will have to watch out for those who will only provide you with a very low 40 percent which could cause financial hardship. This needs to be checked thoroughly especially if you have a family with large financial commitments each month.
Spread the Word!
Just came across a great new site that will give us boomers a lift when feeling nostalgic. See below for more.
Sonic Boomers: First Website Devoted to Music and Baby Boomers
SAN FRANCISCO, CA–(Marketwire - May 5, 2008) - There is a gap in content among websites aimed at the exploding Baby Boomer audience. Music is not featured the way it rightly deserves to be, especially for a generation who came of age in the 1960s, a decade marked by social and political change spawning the counterculture and ultimately the rise of rock ‘n’ roll. Music was the social glue that held them together, and for most, that has never really changed. But with all the permutations of the music business over the past ten years, Boomers have been the first to be forgotten.
For the rest of the story head over to marketwire
Spread the Word!
Image via Wikipedia
As they have their whole lives, the demands Baby Boomers are being met and catered to by the consumer electronics market with the release of the Jitterbug mobile phone range. Its sure to be merely a frontrunner to a wave of technology aimed at an aging population.
The developers of this new phone have not just listened to the wants and needs of the customer but have actually implemented and produced product to satisfy the demand. The collaboration between Jitterbug and Samsung has produced a truly unique mobile phone that not only has a range of features designed to meet the needs of an aging population, but developed a whole web-based service to support the new phone.
There are two phones in the range.
The first is the Jitterbug. It is similar to a traditional mobile but has larger backlit buttons and a screen that displays large text for easy viewing. A new and innovative feature of this phone is the 0 button that gives direct access to a Jitterbug operator.
The second model is the Jitterbug One Touch and is designed with only three buttons.
- An operator button to reach a live jitterbug operator 24 hours a day.
- A middle button for direct acccess to whoever you want, and
- A one touch access to 911 services
This phone released only last October will appeal not only to those aging technophobic seniors because of its simplicity and ease of use, but to their children and family members who want to encourage their parents to not be afraid of technology and in fact embrace it.
See the video here. Jitterbug Mobile Phone
Filed under technology by admin
