Happy Hour at I-Hop
by Rick Ackerman
Ah, for the good old days! In sharp contrast, many of today’s Baby Boomers have postponed their retirements indefinitely, since they’d now need at least $3 million in the bank to live comfortably on the interest that sum would return parked in Treasurys, corporate bonds or dividend-yielding stocks. And by “live comfortably,” we don’t mean cruises in the Greek Isles, winters in St. Bart’s, and golf weekends in Vegas or Maui. More like, a condo in Atlantic City and happy-hour dinners at I-Hop, since today’s “safe” investments are returning no more than 2%-3%. And would that we all had enough left over to help the kids with their down payment on a $250,000 starter home! For millions who are about to retire, it’s challenging enough trying to figure out how to downsize our own homes — and lives.

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