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By definition: Boom, bust, X and why

TRALEE PEARCE

From Saturday's Globe and Mail

Latest comment posted at 8:48 AM EDT 29/01/07

The Globe is using the definition that a Canadian boomer is anyone living here (including immigrants) born from 1947 to 1966. Find out why. ...Read the full article

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  1. douglas gilfillan from Santa Ana, United States writes: I was brought up to believe that the baby boomer generation began in 1946 as that is the year I was born in Montreal.....there were so many births then they had to build an addition the Western Wing of the hospital. Never before have I heard that the baby boomer generation began in 1945; at least not here in the State of California where I live.
  2. Raymond Chu from Toronto, Canada writes: I wonder whether anyone feels age discrimination on the rise silently and systematically in their workplace, especially those working in the consulting industry. Situations below are very common in my workplace: examples like older employees are usually isolated, their advise and opinion are often ignored, they are forced to follow instructions, which they know will not work based on experience, no more career advancement, no more company sponsored trainng, need to work much much harder in order to keep their positions etc. In summary, older employees have to pretend they do not know anything in order to survive in their workplace.
  3. Carole Dubniczky from writes: Are you a Boomer that has changed jobs over the years and ended up with pension plan that was moved to a Locked in Retirement savings called a LIRA. Well before you retire you might want to look at this very closely. The goverment of Ontario did not just lock it up until you retire but has made it impossible for you to take this money out and spend it. Although they did allow the MPP's to move their LIRA into their RRSP, the rest of us were not given that privilege. I think if we are such a large portion of today's population we had better make some noise or we will be retiring with much less income than we think. Unfortunately our goverment decided that they should decide for us, how much of OUR money we could have at retirement. I knew that the company pension that I paid into was moved into a LIRA when the company went Bankrupt but what I did not know was that it is basically locked up forever and you cannot use this money when you retire. You are only allowed to take out around 6% which is basically the interest yearly. I paid my hard earned money for this pension and think this is outright theft. I believe many people out there are in the same predicament and just dont know it yet. Saskatchewan has allowed people with a LIRA to move 100% of it to an RRSP and Manitoba has allowed people to move 50% of it to an RRSP. I think all of us in Ontario need to get the pressure on to get access to our retirement savings as well. If we make enough noise we can make it happen. After all I think the next Provincial Election is not that far away. There is a lot of information about these LIRA's on the net. Check it out. And take some time to check if you have one of these.You may have to re-think your retirement if you are depending on this money to retire with.
  4. Dan Green from Toronto, Canada writes: Ray Chu comments.

    Yes discrimination of any generation, by Boomers was rampant a few years ago. I experienced it. When you experience it , is natural to become defensive. When I anaylized it, it made sense. Any generation that large will run things. They are a self indulgent group, so pushing any group behind them, or ahead of them , out of their way is common place. Remember, they grew up and were educated thinking thier parents generation were morons. As it turned out, they produced lots of corporate corruption, a couple Presidents, now one of the most defined product of the sixities, Hillary, running for that office. Hang on, for all the issues, they aspired to, if she gets in. Lastly of course, it is natural for young people to think older people have not got a clue. Now as the boomers approach retirement, they may hang on longer, as there is not enough people to replace them, unless of course they can be outsourced to third world countries.

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