Bryan C. Fleming

Fortune Magazine has a great write-up this month about retirement. Now, I recently wrote about the Baby Boomers having on average $44,000 saved for retirement. But you can’t really get that mad at them. After all, they grew up when everyone believed in pensions and social security.

So how do you fix this mess?

Answer: Let the media ‘sell’ people on the idea that it’s far better to just keep working!

“Who needs retirement anyways?”“It’s over-rated, statistically you won’t live as long if you retire”

On and on they’ll go…

Keep an eye on this. It will be interesting to watch how this gets played out more and more in the coming years.

Human beings are funny creatures. Rarely do we use logic to decide much of anything. We are all fueled by emotion.

Pride, ego, self-esteem, and judgment help form our beliefs. We hold on to them dearly. Let’s keep this in mind the next time we decide to tell someone he or she is wrong.

When we tell people they are wrong, that man or women will take it as a personal insult. They will dig in, fight, and argue to protect their belief. It’s an attack on their ego. It won’t do anyone any good.

Instead try this approach. Say nothing! That’s right just sit there and let that fellow boast on and on. Listen to what he’s really saying. You’ll find he’s only starving to have his precious ego fed.

Why is it that we all find it so gratifying to tell someone he or she is wrong? Why is it that we’re so quick to find fault with other people?

Yes, human nature is a funny thing. The next time we feel the urge to tell someone they’re wrong, let’s take a step back. Let them get the psychological sunshine they need. We might just find it makes our day a little nicer too.

Here’s an article on CNN Money. We should be thinking about what will happen to economy when the baby boomers retire. Will we hear a giant sucking sound as they pull their life savings out of the stock market?

Then I read in this article:

“The median amount in a boomer’s 401(k) is just over $44,000, according to Hewitt Associates, an employee-benefits consulting group”

It looks like the Baby Boomers aren’t going to retire any time soon.

Tags:Business, Career, Investing, Money