From Yahoo Finance: 2025-05-31 00:06:00

As baby boomers approach retirement, proper planning is essential to ensure financial security. Over 4.1 million Americans will turn 65 each year through 2027, with many relying primarily on Social Security. However, only 14.6% have assets of $500,000 or less, leading to financial struggles. Those who made smart financial moves, such as maximizing retirement contributions and using health savings accounts, are on track to retire comfortably. Investing in a brokerage account and purchasing an annuity can also provide additional income during retirement. It’s crucial for boomers to plan ahead to enjoy a worry-free retirement.



Read more at Yahoo Finance: 5 Key Signs That Boomers Have Enough Savings To Last in Retirement