Money
Financial Insights: Navigating Wealth and Retirement for Baby Boomers
The good news, according to financial experts we’ve consulted, is that Baby Boomers still control 50% of all the wealth in the U.S.—more than any other generation. A 2022 Investopedia Financial Literacy Survey, which polled 1,000 U.S. Boomers, revealed that we are typically fiscally conservative, goal-centric, independent, and resourceful. Most of us are at least somewhat confident in our ability to manage our finances.
When it comes to Retirement expectations, more than 25% of survey participants anticipate receiving retirement income from pensions and 401(k)s. Others expect income from savings, certificates of deposits (CDs), and market investments. A significant majority (70%) of still-working Boomers expect to be able to support themselves with Social Security alone when they are no longer able to work, although this may be more wishful thinking than reality. Among those surveyed, 62% are retired, 23% expect to retire, and 16% are unsure they will ever be able to quit working.
Interestingly, 83% of Boomers expressed confidence in their ability to manage finances. The top financial skill Boomers wish to acquire is how to keep financial information safe online. Additionally, many Boomers now manage the budgets of elderly family members, which can be challenging, especially when those loved ones cannot communicate their financial goals.
Another survey finding was that 77% of Boomers consider themselves beginners in understanding digital currency. For us at BabyBoomer.org, an important insight from the survey was that most Boomers prefer to acquire financial knowledge through reading (37%) and talking to others (35%), rather than watching videos, game simulations, classes, or podcasts. We will, therefore, aim to provide valuable resources to meet these preferences.
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Does success have to be stressful? Are you holding onto beliefs that make your goals feel harder than they need to be? In this episode, Cheryl shares her personal journey of redefining success and explores the game-changing idea that achieving your goals doesn’t have to mean sacrificing balance…
Does success have to be stressful? Are you holding onto beliefs that make your goals feel harder than they need to be? In this episode, Cheryl shares her personal journey of redefining success and …
Does success have to be stressful? Are you holding onto beliefs that make your goals feel harder than they need to be? In this episode, Cheryl shares her personal journey of redefining success and explores the game-changing idea that achieving your goals doesn’t have to mean sacrificing balance, joy, or your well-being. BY THE TIME YOU FINISH LISTENING, YOU’LL DISCOVER:Why so many midlife women associate success with stress—and how to break that cycle. The hidden ways your core beliefs and “upper limit” thinking may be holding you back. How asking “What if it could be easy?…
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The Friends Talk Money team is here to help you start 2025 off right! From organizing your important documents to aligning your investments with your goals, we've got the tools and tips you need for a successful financial year! What financial goals are you going to cross off your list this year?
The Friends Talk Money team is here to help you start 2025 off right! From organizing your important documents to aligning your investments with your goals, we've got the tools and tips you need for…
The Friends Talk Money team is here to help you start 2025 off right! From organizing your important documents to aligning your investments with your goals, we've got the tools and tips you need for a successful financial year! What financial goals are you going to cross off your list this year?
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Send us a textAre you approaching 65 and feeling overwhelmed by the Medicare maze? You're not alone. Navigating the complex world of Medicare enrollment periods can leave even the savviest individuals scratching their heads. But don't worry – We're here to guide you through this cru…
Send us a textAre you approaching 65 and feeling overwhelmed by the Medicare maze? You're not alone. Navigating the complex world of Medicare enrollment periods can leave even the savviest indivi…
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I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase a…
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv c…
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Has your business been impacted by the recent fires? Apply now for a chance to receive one of 10 free tickets to SuperCrowdLA on May 2nd and 3rd and gain the tools to r…
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I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase a…
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv c…
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Has your business been impacted by the recent fires? Apply now for a chance to receive one of 10 free tickets to SuperCrowdLA on May 2nd and 3rd and gain the tools to r…
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Send us a textA broken furnace during the coldest day of the year? It's time to dig out the blankies and snuggle in for choosing a positive outlook, even when your toes are cold. So much changes when you make the shift from constant complaining to finding gratitude, and this mini episode guides…
Send us a textA broken furnace during the coldest day of the year? It's time to dig out the blankies and snuggle in for choosing a positive outlook, even when your toes are cold. So much changes …
Send us a textA broken furnace during the coldest day of the year? It's time to dig out the blankies and snuggle in for choosing a positive outlook, even when your toes are cold. So much changes when you make the shift from constant complaining to finding gratitude, and this mini episode guides you through walking the walk.00:00 Introduction and Podcast Review00:43 Welcome to the Empty Nest Kitchen01:08 Personal Anecdote: The Furnace Fiasco02:13 Life's Challenges and Gratitude03:36 Choosing Your Path06:06 Positive Mindset and Personal Growth09:51 Conclusion and Upcoming Events Follow…
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When Brooke lost her job as a pharmaceutical rep, she convinced her husband that they could change their lives and live in a tropical setting. In 1999, they left Canada and spent 5 months searching the Pacific coast for our new home. They found it in Huatulco Oaxaca, where they built a 6-guestroom B…
When Brooke lost her job as a pharmaceutical rep, she convinced her husband that they could change their lives and live in a tropical setting. In 1999, they left Canada and spent 5 months searching th…
When Brooke lost her job as a pharmaceutical rep, she convinced her husband that they could change their lives and live in a tropical setting. In 1999, they left Canada and spent 5 months searching the Pacific coast for our new home. They found it in Huatulco Oaxaca, where they built a 6-guestroom B&B. They sold it after 20 years and moved to Merida for health reasons. In Merida, they completed a major mid-century home renovation and are retired. Brooke wrote a book about the B&B: House of Blue Water, Memories of our B&B in Mexico. https://www.amazon.com/House-Blue-Water-Memories-…
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When Brooke lost her job as a pharmaceutical rep, she convinced her husband that they could change their lives and live in a tropical setting. In 1999, they left Canada and spent 5 months searching the Pacific coast for our new home. They found it in Huatulco Oaxaca, where they built a 6-guestroom B…
When Brooke lost her job as a pharmaceutical rep, she convinced her husband that they could change their lives and live in a tropical setting. In 1999, they left Canada and spent 5 months searching th…
When Brooke lost her job as a pharmaceutical rep, she convinced her husband that they could change their lives and live in a tropical setting. In 1999, they left Canada and spent 5 months searching the Pacific coast for our new home. They found it in Huatulco Oaxaca, where they built a 6-guestroom B&B. They sold it after 20 years and moved to Merida for health reasons. In Merida, they completed a major mid-century home renovation and are retired. Brooke wrote a book about the B&B: House of Blue Water, Memories of our B&B in Mexico. https://www.amazon.com/House-Blue-Water-Memories…
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