3 Costly Mistakes That Could Wreck Baby Boomer’s Retirement

3 Costly Mistakes That Could Wreck Baby Boomer’s Retirement

Key Points 56% of Baby Boomers expect to work until 70 or beyond but the average retirement age is 65 for men and 63 for women. 43% of Boomers expect Social Security as their primary income source but it replaces only 40% of pre-retirement income. Median Boomer retirement savings of $194K generates roughly $7,760 in annual income under the 4% withdrawal rule. If you’re focused on picking the right stocks and ETFs you may be missing the bigge…

Gen Z may be more prepared for retirement than baby boomers, study finds

A higher share of Gen Z is on track to be ready for retirement at age 65 than any other adult generation, and time isn't the only factor on their side.