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Introduction Retirement security is top of mind for millions of Americans, especially as the Social Security Administration (SSA) projects future funding challenges and changing benefit levels. According to the Federal Reserve and EBRI (Employee Benefit Research Institute), total U.S. retirement assets have surpassed $40 trillion in 2025, yet the average household remains underprepared for retirement. …
It’s pretty remarkable, when you think about it, that so many of us baby boomers have made it this far. Especially when you consider those extremely unsafe practices that our parents subjected us to that would be frowned upon today. Image Credit: kevinruss / iStock. 1. No car seats Most of us went home from …
A new report confirms what we all fear to be true: Americans, no matter their age, are generally terrible at managing their money. In short, we all need to save more. A lot more. This insight comes from Financial Finesse, a think tank geared toward helping people reach financial independence and security, in its 2015 generational …
With college expenses at some of the best schools now exceeding $ 60,000 per year, education-related expenses are often one of the biggest obstacles many baby boomers face when saving for their own retirement. For many families, planning for a college education goes hand in hand with IRA’s and retirement planning. Retirement Assets are Exempt …
In 2006, the group of Americans known as baby boomers (1946-1964) turned 60 years old. Now almost a decade later, a number of them are either heading toward or have entered the retirement phase of their lives. The fact is that this is a transition that is not always as serene as many boomers envision …
Here is a nifty infographic showing the generational difference and growing danger of student loan debt. Looks like Generation X, those born between 1965 and 1984 is sinking fast. But more Millennials are loaded up with debt than any other generation. And this is what an unfolding crisis looks like.
It’s no secret that the housing bubble and recession of the last four years has caused financial heartache for many of us. One group that has been especially hard hit is the baby boomer generation. For years boomers have believed that they would retire in their mid-sixties and enjoy their golden years playing golf and …