In Retirement Flux, Credit Unions Are Safe Haven: Guest Opinion

The first baby boomers turned 62 in 2008 and began retiring. Many also began drawing Social Security payments. This wave of retirement has continued at a time when the economy crashed and retirement account values declined and interest rates fell to nearly 0%. Some have had to return to work in order to have adequate income. Many have sought safety and guarantees in unprecedented numbers. Retirees, in general, have always been more conservative with their money. Medicare is another sensitive topic with boomers. Five critical things for boomers near, or within five years of, retirement, to consider are discussed.