Baby Boomers – CORPaTH

24 08, 2016

Retirement doesn’t look too rosy for many
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Retirement doesn’t look too rosy for many

Retirement

Retirement doesn’t look too rosy for many

CORPaTH2016-08-24T16:39:03-07:00August 24th, 2016|Categories: Retirement|Tags: Baby Boomers, Generation X, Millennials|

The golden years of retirement may not be so golden. At least, that’s what most people fear. The 17th Annual Transamerica Retirement Survey found that 45 percent of Baby Boomer workers expect a drop-off in their standard of living when they call it quits. And the pessimism doesn’t get much better among other generations. Eighty-three percent of Generation X workers believe they will have a harder time achieving financial security than their parents’ generation. Among millennial workers, the youngest [...]

13 07, 2016

Debt, Continued Spending can Keep Retirement from Being Anything but Golden for Boomers
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Debt, Continued Spending can Keep Retirement from Being Anything but Golden for Boomers

Retirement

Debt, Continued Spending can Keep Retirement from Being Anything but Golden for Boomers

CORPaTH2016-07-13T20:54:12-07:00July 13th, 2016|Categories: Retirement|Tags: Baby Boomers, retirement debt|

A majority (53 percent) of America’s non-retirees think that they will pay off their debts before retirement, however only 23 percent of retirees actually report being debt free, and 38 percent of retired Boomers have had to adjust their spending to compensate for a financial shortfall in retirement, according to a new study commissioned by Bankers Life Center for a Secure Retirement (CSR). As Baby Boomers struggle to reduce their debt before retiring, 60 percent of non-retirees still spent [...]

12 04, 2016

Baby boomers, thanks for your service, now leave
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Baby boomers, thanks for your service, now leave

Retirement

Baby boomers, thanks for your service, now leave

CORPaTH2016-04-12T20:46:19-07:00April 12th, 2016|Categories: Retirement|Tags: Baby Boomers|

Does the federal government need new blood? Should it strongly encourage workers at or close to retirement age to depart? Is a “changing of the guard,” as has been proposed by some experts, long overdue? And if early retirement incentives were offered, would people take them? Here’s the situation: Good jobs are still available in this country. But good careers are much, much harder to find. One of the last, best, places for both is in the federal government. [...]

31 03, 2014

Are Boomers Headed for Retirement Disaster?

CORPaTH2014-03-31T20:45:19-07:00March 31st, 2014|Categories: Retirement|Tags: Baby Boomers, self-funded retirement, Social Security|

Is America on the brink of a retirement disaster? Baby boomers are chugging their way toward retirement and many see a train wreck ahead. So how bad is it? Answering these questions depends a bit on optimism or pessimism about the future. You can count me on the pessimistic side, but that doesn’t mean I’m pessimistic about all boomers. I’m just pessimistic about the ones who are probably least likely to see a financial advisor. America is in the [...]

11 03, 2014

11 Reasons Why America’s Baby Boomers Don’t Have The Money To Retire
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11 Reasons Why America’s Baby Boomers Don’t Have
The Money To Retire

Retirement

11 Reasons Why America’s Baby Boomers Don’t Have
The Money To Retire

CORPaTH2014-03-11T00:17:15-07:00March 11th, 2014|Categories: Retirement|Tags: 401(k), Baby Boomers, DC Plans|

It’s no great secret that America is getting older. But John Stoltzfus, chief market strategist at Oppenheimer, says the retirement investment landscape is worse than people think. “No one wants to talk about just how unprepared the Baby Boomer generation is for the years when they will no longer be able to work,” Oppenheimer’s John Stoltzfus told Business Insider in a recent interview. Now he’s laying out reasoning. Here’s Stoltzfus’ 11 reasons to be concerned about this aging demographic: […]

19 02, 2014

Lack of savings to hurt retirees; Many baby boomers will have to keep on working, experts say

CORPaTH2014-02-19T23:06:52-07:00February 19th, 2014|Categories: Retirement|Tags: 401(k), Baby Boomers, DB Plans, National Institute on Retirement Security, Retirement savings|

A comfortable retirement is becoming more elusive for aging Americans, many of whom will have no choice but to work well into their golden years. Sparse savings, fewer pension plans, stagnant home values and rising health-care costs have created a scenario in which many of the country’s 70 million-plus baby boomers – who began retiring in earnest in 2011 – will struggle to live as well as their parents in old age. The National Institute on Retirement Security says [...]

21 01, 2014

Generation X faces biggest retirement hurdles

CORPaTH2014-01-28T22:50:53-07:00January 21st, 2014|Categories: Retirement|Tags: Baby Boomers, Generation X, Millennials|

Baby boomers are not as prepared as they should be for retirement, but it is Generation X that faces the biggest financial threat in the future, according to a study by Financial Finesse. The study looked at the financial strengths, weaknesses, opportunities and threats to the Millennials, Generation X, late baby boomers and early baby boomers based on 23,749 employees who answered a financial wellness assessment. Generation X made improvements to their finances in 2013, but they are behind [...]