Resources - Mature Market Headlines

New Website Helps Baby Boomers Seeking to Retire on Fixed Income

PR Web, 7/23/08

Abstract:

Al Kernek, owner and principal consultant for Pacifica Endeavors LLC, announced today that the company has launched a new Website, Baby Boomer Lifeboat (www.BabyBoomerLifeboat.com), to help baby boomers who are seeking to retire on a fixed or limited income. The site contains an abundance of tips, information and screened links which address the most common questions these boomers may have.

"Recent studies indicate that as many as two-thirds of the baby boomer generation are not financially prepared to maintain their current lifestyle during retirement," Kernek states. "The struggling economy, along with the recent evaporation of home equity, has created the perfect financial storm for boomers coming up on retirement. Plus, most boomers have only a small amount of savings in 401K's or other investments. Unless they have a good-sized inheritance or golden pension plan, it is going to be tough for these Boomers to retire without changing their lifestyle. That is why we created this site, because we are boomers ourselves and have the same questions most boomers approaching retirement are likely to have."

The BabyBoomerLifeboat.com Website is structured to provide answers to common questions that Baby Boomers with limited financial resources have about their ability to retire. These include subjects like Social Security benefits, inexpensive travel, shopping health insurance, relocating to less expensive areas, low-cost housing solutions, working part-time and generally stretching their dollars to achieve a comfortable retirement regardless of what income they have to live on.

"We built the Website as a public service resource for the baby boomer generation. It is an excellent place to begin when seeking answers to the difficult retirement issues most Baby Boomers face," adds Kernek. "In addition to advice and the results of our research, the Website presents links to other screened sites that contain valuable information and resources for Baby Boomers."

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