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Key Points from 24/7 Wall St.: Baby Boomers are planning to work until 70, but many won't be able to. Many Baby Boomers think Social Security is going to provide more money than it will.
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 ...
For many baby boomers, retirement has already started. For some, it could happen in 2025. The important things for baby boomers to hone in on are ways to make retirement not only comfortable, but ...
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. This is down from $4.58T in 2023.
The problem for baby boomers is that the cost-of-living adjustment (COLA) for Social Security in 2025 was just 2.5%, which doesn't match the overall inflation rate of 3% and the actual rate for ...
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 ...