Are Baby Boomers Retiring?

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Baby Boomers in Retireement

Statistics on Retirement Trends

I have been wondering how the 2020 pandemic has affected retirement plans of seniors. Are baby boomers retiring in the numbers they always did or has all of that changed now? Has it had an impact on your plans or have you left work behind you?

Before we look at the stats, let’s revisit which years actually define a baby boomer. This was demographic was born out of a post-war boom, so we are looking at the years from 1946 to 1964. This means that the first years that boomers reached 65, a common retirement age, would have been 2011.

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Things to Do When Retired and Bored

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That long-awaited day has now arrived. It’s the day you have most likely been looking forward to most of your working life: Retirement. But what now? If you are one of the lucky ones, then you already have a long list of hobbies just waiting for your attention, along with an impressively long list of things to do when retired.

On the other hand, if you are looking for some kind of direction in your retired life then you are in the good company of many, many others.

If you are feeling lost, or lacking some kind of direction or structure in your daily routine and perhaps missing the social contact that work provided, then here are some ideas to help steer you towards a better place.

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Pros and Cons of Moving After Retirement

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Seniors Downsizing in Retirement

It is raining today, so we have decided to call into a local market, buy a deliciously decadent cake and take it to our friends in the country. This is their first week in their ‘new’ hinterland home.

Moving to the country

Photo by Werner Sevenster on Unsplash

They sold their suburban home in order to move to a country property with acreage. Whilst the house itself needs a lot of work, its charming potential is already apparent. And it is safe to say that their retirement will now be full of interesting projects to work on.

So, is a move after retirement on the cards for you? And would it constitute a downsizing move or just a relocation to a different area?

Any move can require a lot of energy, both physical and mental. Moving after retirement comes with its own set of stresses and unknowns.

In our case, we downsized as well as moved interstate. It did involve a lot of work but I must say that after the move, our household workload was noticeably more manageable.

Once we had decided to move, we needed to let all of our friends and extended family members know the new address. A set of pre-printed postcards, like this one below (affiliate link), would definitely have come in handy:

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Baby Boomer Fun Facts & Gifts

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Which Generation Are You?

So, just how did we Baby Boomers end up with that generational name? And how many of us are there? Read on to see how the Baby Boomer differs from other generations.

VW Kombie Memories
Photo by Ben Shanks on Unsplash

Before we get started down that discussion track, however, let’s clear up one fact that is often debated over a glass of red:

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What is a Good Retirement Gift?

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For a Woman or a Man or a Coworker

So what exactly is a good retirement gift? The best answer I can give is this:

It Depends

What is a good retirement gift for retirees?

Photo by Jess Bailey on Unsplash

It depends on a lot of factors. For instance, the answer would vary depending on each of the following questions, to mention just a few.

  • Who are you shopping for?
  • Is it a retirement gift for a woman?
  • How well do you know the person?
  • Is the person just about to retire?
  • Has the recipient of your retirement gift already retired and is now enjoying the good life?
  • Is it a special occasion such as Christmas?
  • Similarly is the retiree celebrating a birthday?
  • What is your budget? In other words, do you have an upper limit?

Let’s look at a few possibilities for you to consider.

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Bright Gifts