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Showing posts from January, 2013

Are Baby Boomers Retiring Only as Metaphors?

We don’t need to examine the Baby-boomer generation too deeply to understand that ,  as far as retirement goes, they are going to be  slower and  more cautious  retiring  during the giant post-recession. Frankly, if I were eligible for retirement in the next 10 years, there would still be no way on earth I would retire early. Having watched the retirement funds and  Thrift Savings Plan s  (TS Ps )   blown to smithereens by hedge fund gambling, speculation and outright fraud over  the past ten years, millions of people who could have retired, can’t and  many  federal employees  who  may have entertained the idea,  probably  won’t. The psychology is not  all  that complicated.  The U.S.  job market has gone from unions  having some political and financial teeth up through the 1970s which  once  required businesses to look at long -term investment and encourage   compens...