Baby Boomers
“Baby Boomers” Facing Financial Reality of Retirement
The “Baby Boomer” generation has been reaching retirement eligibility since 2008. This population cohort is uncharacteristically large—76 million—and is expected to result in roughly doubling the population of Americans over age 65 by 2031. While that projection could potentially put…
What is micro-retirement?
An estimated 13 percent of baby boomers plan to re-enter the job market in The Great Retiree Return, while Gen Z workers are entering into the phase of “micro-retirement.” So, what is micro-retirement, and how does it differ from traditional…
Baby Boomers lack of retirement savings
Baby boomers have changed the face of the U.S. population for more than 70 years and continue to do so as more enter their senior years. According to a recent study, over half of boomers have little saved for retirement…
Yet Another Viewpoint on Delaying Retirement
It’s been all over the media in the past few days. BlackRock CEO Larry Fink has gone on record with an opinion that the popular notion of retirement age being 65 is crazy. In fact, in a Marshall News Messenger post…
Social Security Retirement Benefits and Boomers…A Note of Caution
The often-reported absence of adequate savings by those intending to rely on Social Security benefits for a comfortable retirement suggests that there may be some rough waters ahead, according to a post by GoBankingRates’ Sean Fisher on their website. Fisher…
Bonds backfired on boomers in 2022
After last year’s market turmoil, younger investors are faring better than older investors. According to Fidelity Investments, “the average 401(k) balance for millennials stood at $48,300, up from 2021; however, the average 401(k) account for boomers held at $220,900, down…
Say what you may about the millennial workers, but….
Say what you may about millennial workers, but they are out saving the older workers. The latest Vanguard report found millennial workers are ”set to replace 58 percent of their prior earnings during retirement.” The experts point to developments within…
Point of View: Perspectives on the Social Security Trust Fund
The rhetoric on Social Security’s looming solvency issue is free-flowing these days, and much of it deals with the program’s trust funds and their role in the overall benefit funding process. A post on shepherdexpress.com by William Holahan, emeritus professor…
A Generation-by-Generation Analysis of Beneficiaries’ Expectations
The drums are beating loudly these days on the issue of Social Security’s long-term financial future, with a steady stream of pundits weighing in on what’s likely to happen. But aside from the constant flow of articles posing suggestions for…
Retirement Goals and Reality–A Grim Picture for Many
A significant slice of the Baby Boom Generation is way behind the curve in terms of saving for retirement, according to a newly-released study from Credit Karma. The financial services firm reports that, according to its survey, “… (a)bout 27%…