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According to Bankrate’s 2024 Financial Regrets survey, 37 percent of baby boomers (ages 60-78) say their biggest financial regret is not saving enough for retirement. Of participants in the ...
A new group of baby boomers is retiring and with it comes some unexpected financial challenges. According to Stewart Willis, president of Asset Preservation Wealth & Tax, Social Security is a...
Baby boomer homeowners are sitting on a ton of equity right now. According to the Federal Reserve, they hold $17.3 trillion in home equity, roughly 50% of the country's total equity. This is in ...
While baby boomers are seemingly the last generation to truly have it all regarding finances, some are still dealing with serious financial regrets. From sweeping lifestyle changes to unforeseen...
In 2024, Baby Boomers had a collective total of $4.50 trillion in debt, according to data from Experian. This is down from $4.58T in 2023. While Millennials and GenXers have more debt than Boomers ...
"The 401(k) transition looms large for Gen X and working baby boomers, and many working Americans have taken a long time to adapt to the new retirement system—some too long," Goldman's report notes.
This increases by 8% each year until the age of 70. ... Baby boomers can safeguard their financial well-being by avoiding these common things that cause retirees financial issues.
Baby boomers, gen Xers and millennials are each facing unique financial concerns, but also have a few financial anxieties in common. Baby boomers are facing a major retirement issue Skip to main ...