FACTS AND FIGURES

Focus on the 50s: What's in Store for Younger Boomers

As they edge toward and through their 50s, younger baby boomers are experiencing both tough challenges and new opportunities. Longer life spans and a deep desire to remain relevant and youthful mean that boomers can look forward to a variety of lifestyles in their older years.

At the same time, younger boomers may be saddled with commitments to two generations -- their children as well as their aging parents. This reality can place limits on their resources and freedom. Here is a brief look at some of the issues facing the youngest boomers as they move into the latter phase of middle age.
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Financial House Cleaning and Review for Boomers

With the kids grown and retirement not far off on the horizon, it may be time to take a good look at your finances. The way you spend and save money needs to reflect the changes in your lifestyle and be adjusted accordingly. A review will make sure your money is continuing to work for you now and keep you on track for retirement planning in the future.
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No More Empty Nest: Making it Work When Adult Kids Come Back Home

They're called "boomerang kids" -- adult children who move back into their family home after college or when they are unemployed and looking for work. While the trend has been growing for the last decade -- it began when the high cost of living in many areas pushed young adults out of the housing market -- many adult offspring are now returning to live with their parents in response to mounting credit card debt, student loan obligations and a tight job market. According to U.S. Census data for 2008, 5 million Americans between the ages of 25 and 35 are living with their parents -- approximately twice the number who did so in 1960. If your empty nest is about to be refilled, here are some suggestions for making the arrangement work for all involved.
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Boomers and Business Start-Ups

An ever growing number of baby boomers are starting their own businesses. Some are motivated by the dream of being their own boss, while others want to take an idea about a product or service and make it a reality. For many boomers, becoming an entrepreneur is a key element of their retirement -- either out of financial necessity or the desire to remain active in the business world. Regardless of the reason, starting a successful enterprise requires careful planning.
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A Sampling of Celebrity Baby Boomers

1946
Bill Clinton, 42nd President
Donald Trump, real estate developer/entrepreneur
George W. Bush, 43rd President
Cher, singer/actress
Steven Spielberg, film director
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Saving for College When It's Around the Corner

Paying for college has never been easy. But in this era of economic uncertainty, when retirement accounts and housing values have taken a turn for the worse, the ability to finance a college education has moved beyond the reach of many parents and students. Further complicating an already difficult situation is the fact that many colleges and universities have lost sizeable chunks of their endowments, making scholarship money harder to come by.
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