The Boomers’ Kids: Estate PlanningEstate planning is a key element in any financial plan no matter what your age.
The Boomers’ Kids: Starter MarriagesThe average age for couples going through their first divorce is 30 years old with over 20% of first marriages ending in divorce before their fifth anniversary.
The Boomers’ Kids: Mom & Dad’s Credit UnionThe adult child living at home should find a job so they have their own spending money. You cannot be expected to provide an allowance for a 25-year-old.
The Boomers’ Kids: Home Sweet HomeOver 30% of adult children age 18 to 34 are living with their parents, that’s 22 million.
The Boomers’ Kids: Who Are They?The Boomers kids and grandkids are Gen Xers, some are Millennials and a few born after 2000 are Generation Z.
Boomers: The Pot Holes In Retirement PlanningThese pot holes have a way of messing up the best laid plans of the retiree.
Boomers: Checking Out EarlyI found that early retirement for most people was age 55. For firefighters and police it could be even earlier.
Boomers: The When, The What & The WhereBoomers should be thinking about three things: When are you going to retire? What are you going to do when you retire? Where are you going to retire?
Boomers: Retirement IncomeAccording to a report by Bankrate.com, Boomers are retiring at the worst time in a generation.
Boomers: Happy Birthday!Today 10,000 Boomers will celebrate their 65th birthday and another 10,000 will celebrate tomorrow.
Retirement Myth #4: I Plan To Work ForeverThe reality is that may not be possible for a variety of reasons.
Retirement Myth #3: Social Security Will Be EnoughThe reality is Social Security was designed to replace only about 40% of your current paycheck and less if you are a high wage earner.
The Boomers’ KidsWe discussed the Boomers earlier in April but what about their kids?
Retire Or Rehire?Eighty percent of Boomers say they plan to work in retirement, many because they will have to.
The Pot Holes In Retirement PlanningRetirement planning should start with your first job. The sooner you start the better.