The Dow & Boomer Nest Eggs

 Boomer Nest Eggs have certainly been in play.

Do we dare hope again that our nest eggs will hold out for the rest of our very long lives?

42,854.37
USD▲ +512.13 (+1.21%) today

December 20, 11:15 AM EST · Market Open 

Comments

Post a Comment

Popular posts from this blog

Everyone a Michelangelo, Thanks to Medicare, Social Security - Also Factor in Trust Funds, Universal Basic Income, AI

Image
  Once entitlements Medicare and Social Security kick in there is the opportunity for us to blossom. Just as the artists like Michelangelo did during Renaissance, thanks to the patronage of the Medicis. We have the financial infrastructure to try out what we dream we can do. Of course, our new runway is even longer if we had been investing wisely all those years of nose-to-the-grindstone working. Remember how we Boomers used to refer to that previous professional existence as the "rat race" or "being the man in the gray flannel suit who boarded the Metro North commuter train into Manhattan day in and day out." The ethos was: Shun risk. If we did take a risk and it didn't pan out, society was quick to shame us. After all, our parents had endured The Great Depression. And then, wow, we were no longer tethered to whatever work situation helped defray the cost of medical care. Medicare + supplements such as provided by United Health Care or Humana covered so much. I...
Read more

It Used to Be So Easy and Stable: Now, Edelman's 2 Layoffs and the 2 Brutal Realities

Image
If you were clever and had good instincts about what gets attention and can change perception you could go to New York City and make a solid living in public relations. As long as you kept hitting, there was no "they" focused on forcing you out as you aged. Back then, the joke was: Hey, your boss is getting on your nerves. Walk across the street and get a better job. From Bliss to Collapse Yes, it was all so easy. But during the past several years the struggle to get a job and hold onto it has become as raw in public relations as in so many other industries.  Professional anonymous network Reddit Public Relations chronicles the frustration of those under-30, even with advanced academic degrees in the field, not even getting a single interview in their job search.  The over-50? They have mutated into a targeted class. Also, their prized expertise may be less marketable. That genius in relations with legacy media better learn how to influence the influencers.  Oh No, Not Ed...
Read more

Number-One Regret: Not Being Where It Was Happening

  The "it" in Greenwich Village in the late 1950s was music. And from being there with like-minded passionate artists emerged Bob Dylan, Billie Holiday and The Weavers.  The same phenomenon of being there together produced the greats in tech, finance and law. Back then, that was cheap. Now it isn't. But to be part of the big-bangs currently you might have to be based in regions with a high-cost of living area (HCOL). As a expert on HCOL and LCOL (low cost of living) I am recommending that for some career paths it's downright necessary to, as they say, spend money to make money. That is, be based in HCOL to jaw-jaw in person with those moving towards disruption. For the semiretired it could be downright smart to exit HCOL for LCOL. Here is my article on HCOL v LCOL, published in O'Dwyer's Public Relations. In career coaching, I encounter such regret among aging professionals that, when starting out, they opted for LCOL instead of risking it all in HCOL. Their f...
Read more