It has been said before and I’ll say it again: retirement is slowly becoming that far off dream that everyone hopes to achieve but few ever do.It’s important to also note that the retirement I’m talking about is the textbook definition of retirement: “relaxing comfortably and without worries, etc.” For retiring baby boomers and future retirees, this “textbook” retirement could look more like “working part time to supplement my low fixed income”.It’s one of the harshest realities older Americans are going to have to face as the cost of living rises and previous forms of retirement income, such as pensions, continue to disappear.According to an article in Fox Business, right now is probably the worst time to retire.Why?Well, yields on bonds and stock dividends have tumbled for one, home values aren’t rising at lightening speed and Medicare continues to be a target of budget cuts in Congress.Not to mention, that the baby boomer generation didn’t save like their parents did, making them twice as unprepared and more likely to become impoverishment during their retirement. In order to combat impoverishment, retirees might have to take out less from their retirement portfolio than originally planned. In doing so, they might have to make drastic changes to their lifestyles and living expenses. In addition, they will also have to figure out how to pay for higher health-care costs like sudden hospitalization or an extended stay in a nursing home.The truth is, “textbook” retirement is becoming a far away dream. In the future, more creative retirement planning will be necessary as traditional forms of retirement income continue to disappear.I just think: if things are bad now, how will they be for my generation?Hopefully, a solution is found by then. At PS Financial Services, we’re here to help you take the plunge into a comfortable retirement. If you think a reverse mortgage is right for you, or you simply have questions, let us know by calling (888) 845-6630 or via email at