Boomers Turn Age 70

We baby boomers are turning age 70!! Can you believe it?

Boomers have never been this old. How do you act when you are 70?  I submit, just like we did in our 60’s.  No, not the 1960’s, even though I think that would be fun. Nothing has really changed by turning 70, right?

Well yes, a few things are changing. Not over night, but there are signs.

If you have delayed taking your social security, now finally you get to take your full social security check that has been growing.  We thought this day would never come.  Wow, that is going to be nice and well needed for many of us.

Also at age 70 1/2 we must take our RMD, required minimum distributions from our IRA’s.

So we start drawing our social security benefit and we must start taking annual distributions from our IRAs almost at the same time.  Well I think most of us at age 70 are ready for both and have no disagreements with those requirements.

Many boomers vowed never to retire or they couldn’t retire. Guess what, many were forced into retirement because of health reasons or maybe a job layoff.

If you retired in your 60s, then most likely you are now comfortable with your retirement. You have a comfortable routine and do the things you would like to do with your time. Many boomers that are retired, love spending time with their grand children. Some even move across the country to be closer to them.

Around this time (age 70) we or our spouses are dealing with some critical illnesses of some sort, be it diabetes, a stroke, heart attack, mobility problems etc. and we are most likely making room on our schedules for doctor visits.

Most likely a few of our friends have dementia problems starting or maybe advanced. We have two close friends in that boat.

A friend or two most likely has already lost their long time spouse to death.

More than a few of our high school or college school mates have died.

We spend some time on our medicare insurance don’t we.  Donut holes and open enrollments we know well.

Having been involved in recent years with a senior center and now living in a Del Webb Active Adult Community, I have a lot of friends that are in their 70s, thus are older than us older boomers.  Encouragingly lots of them are active, like to travel, have sharp minds and love to socialize.

We will be travelling through out our 70’s and dare I say 80’s. If we have the means, we don’t mind spending it on travel.

Racewalking
Racewalking

Some take up senior games and become senior athletes.

I have noticed now we don’t even mind being called a senior, even though we still don’t refer to ourselves with that title. We don’t mind the senior discounts, do we.

So another chapter in our lives is unfolding and for the most part we seem to be adjusting quite well.

So we have a lot to look forward to. Some of us are moving to active adult communities, or small towns or even to the city for retirement.

The future is not bleak as long as you have a positive attitude, your health and get out and participate in some activities with folks you like.

Even when you have some health problems, a can do positive attitude sure can go a long ways overcoming those obstacles.

They say at age 70 we only have 15 more years to live, on average. Let’s make the most of it.

Boomers Not Buying Sports Cars

There is a Bloomberg article that says Baby Boomers are getting too old for Sports Cars.

My first reaction is to disagree. I live in a Del Webb Active Adult Community and see plenty of sports cars coming down my street; my neighbor a few doors down has a shiny new blue corvette. It sure seems like a joy to drive and I love the sound it makes as he turns the corner in front of my house and accelerates.

However, the author makes a point that as age 70 comes into view, “folding up like an accordion to get into the front seat of a speedy roadster is hardly the prescription for an aching back”.

I agree that getting into and out of a low seat and sitting in seats that don’t support your back, is a problem. It’s not that sports cars suddenly loose their appeal to boomers. Maybe they need to design chair lifts for sport cars. 🙂

The sports cars expected to loose demand are the Ford Mustang, Chevrolet Corvette and the Porsche Panamera.

Instead, Baby Boomers are opting for Mercedes GLE Coupe, Land Rover Discovery Sport and Porsche Macan.  With luxury brands like Porsche and Mercedes selling sporty SUVs, the baby boomers can make a more practical purchase and still have some fun behind the wheel.

Mercedes GLE Coupe
Mercedes GLE Coupe

 

 

 

 

 

 

 

 

This article was about new cars of course, but I know that many baby boomers still love the classics cars from the 1970s, the golden age of muscle cars.  Restoring old cars and just owning old classic cars brings back memories for many boomers.  I would love to have my 1968 Camera Z28 back.  But in reality it is probably not very practical to have and operate. Maybe I will just go to a car show instead.

1968 Camero
1968 Camero

I just went to the Petit LeMans at Road Atlanta this month and there were plenty of baby boomers there.  Boomers still like sporty cars, that’s for sure.

I also went to the Classic Motorsports Mitty car show and races and really was amazing at how many baby boomers collected and even raced these historic automobiles. There are definitely some major dollars invested in cars, tailors, RVs and car shows.

Classic cars
Classic cars

Bloomberg Article about Boomers and Sports Cars

 

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Baby Boomer News

Taking a survey of the news about Baby Boomers, these items come up:

  • The Millennial Generation (born 1980-2000) is overtaking the Baby Boomer Generation (born 1946-1964).  Overtaking in total numbers of people, that is. Millennials get married later and they expect up to 25% will never get married. Millennials are more diverse (non white) than Boomers. Millennials are more picky about their jobs than Boomers were this article says (Yep). Full article here.

    Comment: Well this is no surprise but things will be a little different every year for the next two decades.

  • Will this election (Trump vs Clinton) be the last time Boomer dominate the presidential election. More non Boomers are eligible to vote. More here.

    Comment: Will we have a movie actor or TV reality star running for president in the future? Wait, that’s already happened!)

  • Still a lot of anti Baby Boomer articles I see. Titles like: Who Destroyed the Economy: The Case Against the Baby Boomers and Boomers Are the Zombie Invasion We Feared in the Washington Post, which seems to have the most negative stories about Boomers.

    Comment: These stories don’t make me mad. They are kind of amusing.

  • “The ‘Next Adventure Home’ targets Baby Boomer design preferences” says a focus group is studying what Boomers age 55+ want in a home and community. According to the study, Boomers value amenities such as walking trails and pools when moving to a new community, as well as proximity to shopping, dining and other entertainment. In the house itself, Boomers want plenty of space, including large common rooms with open floor plans and high ceilings. Respondents also said they value natural light, native plants, ample storage space and energy-efficient technology.
    Comment: I don’t see too much news in this study. Welcome to the world of Del Webb Communities.

    Nothing too surprising about us Baby Boomers in the news today.  We just don’t want to be hassled.  -Robert