From Yahoo Finance: 2025-05-13 08:01:00

Millions of baby boomers are already retired, with many more to follow. To maintain financial security in retirement, experts advise living within your means and working part-time to supplement income. Planning early and budgeting are key to building wealth and cutting expenses. Industry authorities suggest scaling back spending and reviewing budgets well before retirement. Paying off high-interest debt is crucial before retiring to ensure financial stability. Experts recommend waiting to retire until debts are paid off to avoid financial strain on a fixed income. It’s never too late to start planning for retirement and making the right financial moves.



Read more at Yahoo Finance: 4 Practical Tips To Help Boomers Live Below Their Means