Avoiding Boomer Bust: Effective Life Planning for American Baby Boomers 2020

  • Credits: 3
  • Format: Self-Study eBook
  • Field of Study: Accounting | Auditing
  • Author/Speaker: Lanford Publishing
Course ID: Advanced Preparation: Experience Level:
CM-305 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© June 2020 General Understanding of Financial Planning Self-Study eBook

This chapter sketches a profile of the generation represented by Americans born from 1946 through 1964: baby boomers. After an overview of how today’s middle-aged Americans are changing the stereotypes of the work world, personal lifestyles, and family home-life, this chapter explores the possible—perhaps even probable—financial and lifestyle shortfalls boomers may encounter. The causes of the boomers’ dilemma, which are explored in Chapter 2—are many, and the approaches to prevent financial, emotional, and personal trauma will not be simple; Chapter 3 outlines the creative strategies this forceful generation will devise to deal with this first-ever long-lived, massive cohort. The Planning Resources at the end of each chapter offer helpful websites and other sources of information vital for forging ahead with the second half of life.

Topics include:
  • Chapter 1: Reasons to Plan
  • Chapter 2: Boomer's Impending Financial Squeeze
  • Chapter 3: Decisions, Decisions


Learning Objectives:

After reading the course material, you will be able to:

  • List the educational, financial, and emotional aspects of the “typical” boomer in their planning for a productive and stable second half of life;
  • Recognize the changes to the concept of careers and lifestyle brought about by women’s entrance and ascension in the American workforce;
  • Recognize the revised needs and priorities of boomers as they prepare for the second half of life; and
  • Recognize the changes to the workplace, market, and service sector instituted by the surge of older Americans in our culture.


Who Should Attend:
  • All Certified Public Accountants (CPAs)


Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: