Baby Boomers,

Welcome to another version of our Survive 55 "Fervid Friday".

Are you excited?

I am for several reasons:

It's the first weekend of May and for many of you summer is just around the corner.  For us crazy folks living in Arizona it looks like it will be over 100 today so summer just means "jumping from the frying pan into the fire."

But, it's a great weekend to get organized and finish your "spring cleaning."  Cars will be washed.  Garages will be cleaned out.  Yards will be mowed and vegetables planted.  Ah, I can feel the excitement in the air.  Everything will be different this weekend.

We already know that our Baby Boomer generation is different.  In fact, we are very different from any of the proceeding generations.  The baby boom generation has broken the mold at every stage of life, and it looks like our getting older won't be any different.  We aren't heading quietly into retirement.  Because of the boom of technology during our lifetimes the world has become a much smaller place.

There is too much to do.

There is too much see.

There is too much to experience.
Baby Boomers are not taking life sitting down.  We  are leading more creative lives as we get older.  We are experiencing more of life to the fullest but because of that we are also facing more challenges than any generation before us. 
The world is now the "neighborhood" we live in.  Our work and our careers involve global interaction.  Technology is our new tool box.  We interact with different cultures, philosophies and religions on a daily basis.  We are learning at an astonishing rate.

On this wonderful Fervid Friday, let's embrace what we are doing different and continue to rise to the challenges that make our lives interesting.

So what do you think are the Top 5 differences between our Baby Boomer generation and all others?

Let's take a look at the biggest trends shaping our lives as we march into the next wave of retirement.*

1. Baby Boomers are outliving their expectations

Life expectancy for men has jumped an average of almost two years in each of the last five decades, to 75.7 years in 2010, according to the Society of Actuaries.

For women, life expectancy has risen by 1.5 years, on average, to 80.8 years.  Yet more than half of older Americans haven't gotten the memo.

Society of Actuaries survey of 1,600 adults age 45 to 80 found 40 percent underestimated their likely average longevity by five years or more.  20 percent were too pessimistic by two to four years.

"That means there's a 50 percent chance you'll live longer," says Cindy Levering, an actuary and co-author of the report.

"If you make it to 90 and only planned and saved enough for 85, you may not have enough to live on."

The odds that will happen are pretty good.

For a couple with above-average health, there's a 60 percent chance one of them will live to age 90, the Social Security Administration has reported.

2. Baby Boomers are Tech Savvy

Young people might be leading the digital revolution, but us "Boomers" aren't far behind.

"Baby boomers got quite comfortable with the Internet and other digital technologies in the workplace," says Lee Rainie, director of the Pew Internet Project. 

"They won't give that up as they age."

For example, 23 percent of older boomers and 27 percent of their younger siblings use tablet devices, compared with 30 percent of Gen Xers (born 1965 to the early 1980's), according to the Pew Internet Project.

The gaps also are small when it comes to smartphones and social networking services.

"They're not going to be downloading every new app that catches the crowd," he says.

"They're very utilitarian -- show me how it will work for me, how it will improve my life."

Expect retiring boomers to publish creative works online, connect with friends and children via social media and continue to job-hunt on sites such as LinkedIn.
3. Baby Boomers are Going Global

More and more retiring baby boomers are leaving the United States for good.

We are packing it in for foreign countries, where we can save on living costs, benefit from better healthcare facilities, enjoy warmer climates and stretch our retirement dollars.

The number of retired workers, spouses and survivors getting Social Security benefits in a foreign land is rising almost twice as fast as the number of Social Security beneficiaries in general, according to Social Security Administration data.

21 percent of baby boomers say they are "interested or very interested" in retiring abroad, according to a survey by the Center for Medical Tourism Research in San Antonio, Texas.

"If that were extended across all boomers, you'd have about 3 million people retiring abroad in the next couple decades," says David Vequist, the center's director.
4. Baby Boomers are Creating Their Own Career Path

We are starting companies, building franchises and redefining what the corporate business structure should look like.  Almost a quarter -- 21 percent -- of new U.S. businesses started in 2011 were launched by entrepreneurs age 55 to 64, according to the Kauffman Foundation, up from 14 percent in 2007.  Entrepreneurs age 45 to 54 accounted for an additional 28 percent of the 2011 start ups.

Taken together, that's 49 percent of all start up activity -- far larger than the 20 to 34 year old bracket, which accounted for 29 percent of new ventures.

In part, the surge can be attributed to the 2008 recession, which sent older workers into consulting gigs.  However, there are a surprising number of complex, sophisticated and large businesses being created as well, according to Dane Stangler, director of research and policy at the Kauffman Foundation.  He also thinks many of these older business owners are "serial entrepreneurs."

"We're seeing a lot of entrepreneurs in fields like technology and engineering who are launching substantial businesses," he said.

"They started companies in their thirties or forties, and now they're doing it again."
5. Baby Boomers are Supporting Their Parents

Some 58 percent of boomers are providing financial assistance to aging parents, such as helping them purchase groceries or pay medical and utility bills, according to an Ameriprise Financial survey of just over 1,000 Americans conducted in late 2011.

When it comes to their kids, boomers are even more likely to help out.  Almost all boomers surveyed, 93 percent, say they have given their children a "financial" hand.  A majority have "boomerang kids" who have moved back home to live rent free (55 percent) or afford a car (53 percent).

But only one-third believed that supporting adult children was making it more difficult for them to reach their retirement goals.

"They're not connecting the dots,"
 says Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial.

"They may not be taking money out of their retirement accounts to help their kids, but the assistance is coming out of funds that otherwise could be additional savings."
Are we "outta control" or what?

Hey, I just think that our generation has embraced what this world is offering and we are making the best of it.

We should be proud of what we are accomplishing considering most of the younger generations are writing us off as "old, doddering fools."

We are hot, extremely hot, hot with emotion about who we are and what we are doing.

We are Fervid !!!

If you found today’s blog helpful, interesting, or even funny, I bet your friends would too. 

It's easy to tell them about it.

Forward it on to them or just email them my blog link at

* Many Thanks to Mark Miller and Reuters for their in depth research on this subject and compilation of this interesting information.