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See our editor's picks for best savings, checking and hybrid accounts for active agers, seniors and retirees, updated for December 2024.
Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios or managing wealth. However, there are smart, legal ways for older ...
For 2025, you can contribute up to $23,500 to your 401(k) with additional $7,500 in catch-up contributions if you're age 50 or older. The 2024 limit for IRAs is $7,000 for those under age 50 and ...
And where every Financial Gerontology column embodies a serious educational purpose, several have had a more whimsical flavor, including: “Sex, Asset Accumulation, and Rock’n’Roll: Introducing Retirement Planning to Teenagers and Other Pre-Middle-Agers" (November 1992); “Hair Spray and Life Insurance: Capitalizing on the Baby Boom's ...
Stock market slumps are always bad for retirement savings plans, and the slump that hit in 2022 was particularly brutal. The average balance of Vanguard 401(k) accounts dropped to $112,600 in 2022...
While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure. Lower income retirement communities are rare except for government subsidized housing, which neglects a large proportion of older adults who have fewer financial resources. [11]
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