Entries by rawboomers

EDITORIAL: Baby boomers come up short for retirement | Opinion

Baby boomers were born between 1946 and 1964, which means that they began reaching age 65 in 2011. Well before then, there were concerns that millions of them would not be financially prepared to retire. Those concerns are proving to be correct. Experts point to a variety of reasons why many older Americans have financial […]

Baby boomers are carrying more debt into retirement

Our daily roundup of retirement news your clients may be thinking about. Baby boomers are ready to retire; their debt isn’tMany seniors are carrying a bigger debt burden into retirement, according to this article on Nasdaq. The article cited stats from the Federal Reserve Bank of New York that shows per-capita debt among 65-year-olds increasing […]

(1) themselves, (2) their ailments, and (3) … ? – Twin Cities

Know thy classmates! Know thyself! Culminating in: The great comebacks DebK of Rosemount reports: “These days, I’m hardly ever the youngest one in a crowd. But at Sunday’s gathering of Taxman’s high-school classmates, I was the (comparative) spring chicken. “I enjoyed that status — and my role, which was to prepare the evening meal for […]

Letters: Baby boomers must fight against tyranny

I am 70 years old, part of the baby boom generation. I received a note from my sister, who is of the same generation, worrying about the future direction of this country. She sees the possibility of the end of democracy, and the establishment of a totalitarian state. Here is my answer to her. I […]

20 Things Millennials DO That Baby Boomers DON’T

Millennials get made fun of a lot by the older demographic. In turn, there’s a lot of things our parents do that don’t make sense to the younger generation anymore. Let’s take a look at some of those differences and see which ones you do, too. Subscribe to Talltanic Watch our “Evidence That Aliens HAVE […]

Seniors Need Income, Not Payments

When I create my personal balance sheet, I list all my assets and liabilities. The assets include bank deposits, investments, retirement accounts – and my home. Of course, my liabilities include credit cards, student loans I signed for (I have three in college), and my mortgage. That's my picture at age 54. But for retires, […]

Baby Boomers are Less Prepared for Retirement than Previous Generations

Copyright 2018 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Baby boomers should be on the cusp of their golden years. Instead, they are reaching retirement in worse financial shape than their parents. We sat down with a financial advisor today, who explained the decline of pensions and […]