Many baby boomers have successfully saved for retirement by living below their means and creating a retirement budget to stick to. Experts recommend investing 10-15% of income annually, with real estate being a stable choice. Boomers are also advised to continue investing even after retirement, such as in a Gold IRA for tax advantages and inflation protection.

Automating savings and investments can help retirees maintain financial security, with apps like Acorns rounding up purchases to invest spare change. Credit card debt in the US hit $1.23 trillion in Q3 2025, prompting the suggestion to use cash or debit cards for purchases. Purchasing life insurance early can provide financial protection for loved ones, with companies like Ethos offering term life insurance without medical exams.

Read more at Yahoo Finance: 5 smart things wealthy baby boomers do with their money. Are you following their example?