Attention baby boomers: What's your retirement plan?

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Have you ever noticed how fast time flies? It seems the older you get, the faster days turn into weeks, into years, into decades.

This article is meant to enlighten those fortunate folks born between 1946 and 1965.

Baby boomers are now somewhere between 50 and 70, so a percentage have already retired and sailed off into the sunset. They're enjoying the fruits of all those years of hard work by traveling, playing golf and tennis and visiting family, etc.

For those baby boomers who weren't financially devastated by the recession of 2008-2011 and still have significant assets in their 401(k) or retirement account, many options will be available when it comes to planning for senior retirement.

However, many boomers fall shockingly short when it comes to having a nest egg that will provide the lifestyle most are accustomed to.

Saving money in today's world has become a serious challenge for a number of reasons. Consumerism trumps conservative behavior as the "must have now" mindset justifies why we spend today and roll the dice on what tomorrow might bring.

Here's the question: Will your retirement savings, along with your retirement income, be enough to enable you to retire as you wish? If not, is there time to do something about it?

Don't spend a fortune on lottery tickets or camp out in Atlantic City, because chances of your financial picture improving will only get bleaker. Most of the boomers are still working, so there's still time to invest and save.

What is required is a change in behavior, which means redirect superfluous consumption with honest evaluations of what you need vs. what you want. Focus on need.

Local continuing care retirement communities (CCRC's), each with a skilled nursing facility, require a buy-in and have financial guidelines that must be met (annual income and liquid assets) for membership. Those independent-living communities that include assisted living are typically month-to-month rentals (some require a three-month minimum) with no financial qualifications required.

In the next 10 to 15 years, as baby boomers become more elderly, they will be considering different retirement communities. CCRC buy-in's will still be part of the Lowcountry landscape, but no doubt there will be a number of rental options offered, whether it's independent exclusively or independent and assisted living, to accommodate that market segment that is unable to qualify financially for membership in a CCRC community.

Joe Agee is the marketing and sales director for The Seabrook of Hilton Head. www.TheSeabrook.com

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