How Baby Boomers Have Redefined Retirement Lake Point Advisory Group

Before your generation, retirement had long been perceived as a time when life took a downward turn. But thanks to baby boomers, this perception has radically changed. Baby Boomers have been cool kids since their inception: introducing rock n roll, pop culture, mainstream technology, and now, reshaping retirement into a time of exploration, passion, and learning. Here’s how your generation has made retirement the fun stage of life!

  1. Being Outside

Unlike your predecessors, you’ve said “goodbye” to card decks and bingo nights, opting to spend your days on adventures in nature, attending concerts and festivals, and traveling across the globe.[1] This is a better way to keep the mind and body active in retirement and possibly an opportunity to expand your social circles, so keep at it!

  1. Staying Fit

Baby Boomers have replaced the old rocking chairs with sports and fitness! Some retirees train for marathons, others do Pilates and yoga, and others engage in more extreme adventures like sky diving. Your generation is limitless in its pursuit of joy at all ages, paving the way for others to do the same.

  1. Rethinking Beauty Standards

Gone are the days when wrinkles were smoothed out, and grey hairs tainted black. You have rewritten the rules of what beauty looks like with time, with some even beginning modeling careers well into their 60s and 70s. A classic example is news anchor Lisa LaFlamme reporting live[2] with a full head of beautiful silver hair and receiving much praise from the public! Baby Boomers have demonstrated that looks are just like wine; they get better with time!

  1. Engaging in Modern Culture

It’s no surprise that the same generation of mainstream icons, such as Oprah Winfrey, Bill Gates, and Steve Jobs, has managed to stay in touch and online. Boomers can be seen all over today’s social media platforms, engaging in pop culture topics, fashions, and styles, adding their own touch as they go. Being tech-savvy is not new to your generation. If someone of the Baby Boomer generation could pioneer Apple, then it’s no wonder that the rest are just as digitally present.

  1. Keeping Money for Retirement

Your generation has learned what it takes to ensure all the years of your hard work pay off in retirement and now holds most of the nation’s wealth. [3] Through savings and investments, the idea of retirement has become less daunting because you are financially comfortable and can explore other parts of life. This has inspired other generations to follow in your footsteps.

Thanks to Boomers, retirement has become a time for rebirth and living life on your own terms! There is much pride to take in being part of a generation that thought ahead, worked hard, and is now rewarding itself. To keep moving onwards and upwards, Click HERE to find out how you can better plan and manage your finances in retirement with us at LakePoint Advisory Group.

 

[1] https://www.brookdale.com/en/brookdale-life/blogs/2018/06/boomers-redefined-youth-now-they-are-redefining-aging.html
[2] https://thatsnotmyage.com/beauty-at-every-age/whats-wrong-with-looking-your-age/
[3] https://www.forbes.com/sites/avidan/2016/04/11/marketers-throw-out-the-baby-boomers-with-the-bathwater/?sh=29ac893d3de9


Lake Point Advisory Group is a tradename. All services provided by Lake Point Advisory Group investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames ,including Lake Point Advisory Group.

This material is provided for informational purposes and is not an offer to sell or a solicitation of an offer to buy an interest in any security or to engage in any investment strategy. Such an offer may only be made at the time a qualified offeree receives a confidential private offering memorandum or other appropriate disclosure. This report is intended as a summary; it does not purport to be complete. Information contained herein is believed to be accurate and/or derived from sources which we believe to be reliable; however we do not warrant the completeness or accuracy of such information. Opinions expressed herein do not necessarily reflect those of Lake Point or Mercer Advisors. You should not construe this presentation or any other communication received in connection with Lake Point as legal, accounting, tax, investment, or other advice. You should consult with your own counsel and advisors regarding such matters. Past performance is not necessarily indicative of future results. No representation is made that any investment will or is likely to achieve the same or similar results in the future. Investments cannot be made in an index. Alternative investments are subject to greater risks than those associated with traditional investments and are not suitable for all investors.