If you believe what is happening to the Dow then a miracle happened this week. The Dow effectively fell out of a 10 storey window and got up and walked away.

If you believe that then you may have a problem grasping the reality.

I’ll grant that with the government manipulations going on the save the stock market, sorry I mean the economy, they may well put a temporary floor under the market. But does everyone believe this is the end of the subprime mess, the credit crunch the derivative scams and any number of things that have not even come to light yet? I don’t think so Tim!

Read the rest of this entry »

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Although this is an American report it is probably no less valid in most countries where Baby Boomers have to manage their own retirement nest egg. Baby Boomers are caught in a Retirement Catch-22 between their retirement expectations and their retirement preparedness.

The Report “Baby Boomers and Retirement: A Generations Catch-22″ is the results of a survey done to find out how Americans feel about retirement. It is published by Thrivent Financial for Lutherans. It is only 16 pages but well worth reading.

Their Web site is very comprehensive and full of information about all facets of retirement. Even though it is organized for the Lutherans this site will help you to think about your retirement in an organized way. The topics discussed are relevant to all Baby Boomers world-wide.

It’s News section carries surveys on Baby Boomers so you can see what others are concerned about too. For instance here is the results of a survey to Reveal Retirees’ Priorities. Read the rest of this entry »

Hello to all the Baby Boomers in Australia that have visited this blog today. I hope you find it informative and useful. You probably got here after reading Annette Sampson’s article in the Money section of the Sydney Morning Herald.

Please take the time to read the About Me so you may know more about me and what I am trying to do.

This blog is aimed at all Baby Boomers all over the world who are in retirement or just about to retire. it is not a blog for investment advice though.

The blog aims to help Baby Boomers protect their nest egg in retirement and reveal to them all the ways their nest egg can be taken from them when in retirement. Read the rest of this entry »

This post is just a quick one to point out several important topics affecting Baby Boomers approaching retirement. I find MarketWatch has some very interesting articles and audio’s. Some I don’t agree with but the ones listed here I believe are important to us Baby Boomers.

This will be a short post because a family matter has taken most of my attention. It should be back to normal tomorrow.

They just seemed to me to hit all our hot buttons with their topics.

Consumers more at risk from financial scams as stocks slump Read the rest of this entry »

This is just a quick post to invite you to take a look at a short video by two Australian comedians discussing the American subprime.

I thought it also made some good points. For Australians we are told we are isolated from what is happening in the US and we are decoupled from it. But when the US market dropped 11% the Australian market dropped 16%.

Anyway the video provides a little light relief for the weekend. Enjoy.

Either click on the image below or click on the link

Subprime mortgage crisis

Banks are not obligated to carry out your instructions to cancel credit card subscriptions. This is a little off topic but very relevant to Baby Boomers who are likely to subscribe to various services like health clubs. But it is still relevant to protecting your nest egg in retirement.

Here is a story that explains the problem the man’s daughter had with a health club not canceling her subscription when requested to do so. I only know the facts from his point of view and make no judgments about the situation.

What I do want to point out though is why the bank may not have canceled the credit card monthly debit to the health club.

Here is what happen to me with Visa when I subscribed to an Internet service. Read the rest of this entry »

In my last post I asked for some feedback on whether this blog was proving of value to Baby Boomers because it is not an easy niche to get visitors. If it was “weight loss” or “how to make money” the story may well be different.

But I chose the niche because I wanted to get Baby Boomers to be better informed about the need to protect their nest egg in retirement when their primary source of income has slowed down or stopped.

Today when I checked my blog stats I still didn’t see too many comments but there was a significant increase in visitors

Thank you to all those that showed their support by visiting my blog. Please keep spreading the word by using the ShareThis and Email It icons at the bottom of each Post and let’s make sure our nest eggs are there for our benefit and not to pay for the lifestyles of the wealth management industry.

Some changes to my Blog you might want to know about Read the rest of this entry »

I have been working hard on the Blog for three months. I’ve written a 60 page eBook about some really important information Baby Boomers should know. I’ve just completed a 30 page report and a spreadsheet called “What if a Baby Boomer retired in 2000″. I also aim to write a post every day which I research beforehand as well as posting and buzzing social network sites to help get the word out there.

At present I am spending about 8-10 hours a day and sometimes more researching and writing posts for this blog. I love the research and writing and am really enjoying this work.

I am in semi retirement and have the time to do it too.

I can see I am getting more visitors each day but I would like some feedback on what you all think.

Am I wasting my time? Or do you find the information informative and relevant?

I am on a mission to make Baby Boomers aware that the $40B in US retirement funds alone is a major target for the Wealth Management Industry. There will be the largest transfer of wealth in the history of the world and much of it won’t be going to you or your kids, but someone else’s kids who happen to be financial planners. They just haven’t got their act together yet. When they do it will be a tsunami of marketing and many Baby Boomers will be taken in by it.

When I was young my father said he should have given me a guitar so I could become famous and make money. I should have given my kids a tennis racket each. But the next generation should all become financial planners if they want to get rich.

Comments and feedback are the lifeblood of Blogs and so I would ask you to give me some feedback and make a comment below. Let’s get some communication going so I can provide better information.

I want this blog to be totally focused on information about protecting our nest eggs in retirement. I’m trying to make it an authority for people to come to for information about where to get good financial planning advice when in retirement.

I’ll welcome guest blogger’s who want to submit posts. My only proviso is they are in concert with my main theme of protecting a nest egg in retirement. Even if you have never blogged before just email me what you want to say and I will post it under your name on my Blog.

Any help you can give me would be appreciated.

Thank you.

David Bates