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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 ...
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 ...
While baby boomers are often lauded as the generation that got to have it all financially, this year, according to a recent GOBankingRates survey, 44% of boomers reported that their financial...
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 haven’t saved enough money for retirement While there could be several reasons for boomers’ financial condition , the statistics aren’t painting a pretty picture: The median ...
"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.