The Boomer Biz
These clever new products will make life easier for a generation turning 60.
As the first wave of the 78 million baby-boomers enters its seventh decade, entrepreneurs are creating a variety of products and services to help this large, affluent group age gracefully. The $10,000 Boomer Business Plan Competition, by the Center for Innovation and Entrepreneurship at Santa Clara University and Mary Furlong & Associates, stimulates business ideas aimed at boomers. Some are already in the marketplace, and others are being developed.
Last year's winner, Tibion, a medical-devices company, is working on a prototype of its PowerKnee. This battery-powered and sensor-activated orthotic device -- which you strap around your knee -- helps you regain mobility after knee-replacement surgery. Some other businesses to look for: Moving Solutions makes downsizing less stressful by packing and unpacking everything, down to medicines in the cabinet and glasses on your night table. SterraClimb is a stair-climbing hand truck that hefts boxes up the steps. And Green Diamond Traction Soles applied to boots or shoes keep you from slipping on the ice.
-- Joan Goldwasser

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Donating Complex Assets Doesn't Have to Be Complicated
If you're looking to donate less-conventional assets but don't know where to start, this charity executive has answers, such as considering a donor-advised fund (DAF) for its tax benefits and ease of use.
-
Travel trends you can expect this summer
The Kiplinger Letter Domestic trips will trump foreign travel amid economic uncertainties, though some costs are down.
-
457 Plan Contribution Limits for 2025
Retirement plans There are higher 457 plan contribution limits for state and local government workers in 2025. That's good news for state and local government employees.
-
Medicare Basics: 12 Things You Need to Know
Medicare There's Medicare Part A, Part B, Part D, Medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare — and much more.
-
The Seven Worst Assets to Leave Your Kids or Grandkids
inheritance Leaving these assets to your loved ones may be more trouble than it’s worth. Here's how to avoid adding to their grief after you're gone.
-
SEP IRA Contribution Limits for 2025
SEP IRA A good option for small business owners, SEP IRAs allow individual annual contributions of as much as $70,000 in 2025, up from $69,000 in 2024.
-
Roth IRA Contribution Limits for 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
-
SIMPLE IRA Contribution Limits for 2025
simple IRA The SIMPLE IRA contribution limit increased by $500 for 2025. Workers at small businesses can contribute up to $16,500 or $20,000 if 50 or over and $21,750 if 60-63.
-
457 Contribution Limits for 2024
retirement plans State and local government workers can contribute more to their 457 plans in 2024 than in 2023.
-
Roth 401(k) Contribution Limits for 2025
retirement plans The Roth 401(k) contribution limit for 2025 increased, and workers who are 50 and older can save even more.