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Retirement Planning > Retirement Investing

Boomers and McCain - Old and in the way?

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Regardless of what you think of his politics, is John McCain too old for the Whitehouse? Most political talking-heads agree the question is a political liability for the candidate. Sarah Needleman had great insight on the topic earlier in May in the Wall Street Journal, and the subject is unlikely to go away anytime soon. Indeed, it will only increase as November draws near. She quotes an AARP survey we reported on earlier (actually much earlier, in 2004) that found 79 percent of boomers plan to work in some capacity during their retirement years. No real surprise here; boomers show little, if any, signs of slowing. But McCain’s not a boomer, and the country’s top job is hardly the equivalent of semi-retired boomers lending their accumulated career expertise to companies on a part-time basis.

Of course, this is McCain, a guy who crashed two planes and nearly burned to death aboard the USS Forrestal. And then there’s the five years he spent as a guest of the North Vietnamese. Think a little thing like age will slow him down? As more boomers realize 72 isn’t really all that old, more might actually consider voting for the “establishment” candidate, something few would have thought possible during the social upheaval and political unrest of their formative years. Boomers continually reinvent themselves in almost every facet of their lives, and politics are no exception. If you think you’ve got a lock on which way boomers will vote in the upcoming election, you’re either a genius or a fool. I’ll go with the latter.


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