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What is Boomer411? And How does it help me?
Results (28) Have questions? Ask our experts
Latest Recommendations | Sorted by: Recent | Relevant|  |
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Tagged by
Guru
on 01 Nov 2008
Here is for inspiration, a story about a 29-year-old woman that saved, lived with a purpose and invested smartly since she was sixteen and built enough nest egg to retire to her passions by the age of 29. Questions aside, we can all probably learn a few things from her story.
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Tagged by
SurviveandThriveBoomerGuide
on 23 Sep 2008
Financial difficulties such as unemployment, housing, and medical problems are causing Americans to borrow from their retirement funds.
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Tagged by
Ms50somethinginfo
on 26 Aug 2008
This site is divided into subsections: Creating a Plan, Checking, Budgeting and Record Keeping, Saving Money, Insurance, Investing, Retirement Planning and Who can help you, all the resources you really need to make you financial planning go smoothly.
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Tagged by
pauldsouza
on 25 Aug 2008
Investment adviser Cheryl Costa of Family Financial Architects in Natick answered readers' personal finance questions.
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Tagged by
Ms50somethinginfo
on 30 Jul 2008
Financial and Retirement Planning is something every aging boomer must be on top of.
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Tagged by
Beyond50Radio
on 02 Jul 2008
Ed Slott is a nationally renowned tax advisor who has written several bestselling books on finance. His latest one is called "The Retirement Savings Time Bomb" that offers a 5-step action plan for protecting your IRAs, 401(k)s, and other retirement plans from near annihilation by the taxman. He also offers a lot of great resources on his website.
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Tagged by
FinancialAmbition
on 22 May 2008
Many people have asked me why I take such an interest in Boomer 411. I believe that the average Baby Boomer has not saved enough money for their retirement. As I recently state in a posting, The Retirement Drum Beat Gets Louder, the average retirement savings for Baby Boomer’s is less than $50,000. This means that there are many Baby Boomer’s that need help. This fact will affect not only the Boomer’s, but it will have a significant impact on the children of the Boomer’s and the US economy as a whole.
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Tagged by
FinancialAmbition
on 22 May 2008
Despite Deteriorating Confidence, Very Few Plan to Change Retirement Savings
WASHINGTON, DC – March 26, 2008 – As economic indicators continue to trend downward, baby boomers feel less confident that their retirement savings will see them through retirement. But few may know what steps to take next, according to new research presented by Longevity Alliance president Steve Zaleznick at the What's Next Boomer Business Summit in Washington, DC. |
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Tagged by
FinancialAmbition
on 22 May 2008
I'm interested in all sorts of stats on net worth -- as you can tell from many of my posts here. Not only do I track my net worth on a regular basis, but I look at what's happening with net worth numbers overall (such as in Median Net Worths -- Are You Ahead or Behind?) and use this information to share my thoughts on the subject (see Net Worth Increasing by More than Your Salary.) So when I saw some stats on Baby Boomers net worths in the March issue of Money magazine, I was interested to see what they had to say.
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Tagged by
FinancialAmbition
on 22 May 2008
Here's reason to give thanks: Home equity could provide some savings-poor baby boomers with an unexpected soft landing when they retire.
Studies that chide spend-thrift baby boomers for squandering retirement savings often overlook the generation's hefty stake in home equity -- especially older boomers who are nearest retirement. |
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Tagged by
FinancialAmbition
on 22 May 2008
Yet academic research shows that retirees who want to play it safe can afford to withdraw only 4 percent to 5 percent of their nest eggs each year in retirement--if they want them to last for 30 years or more. Even a person with $250,000 could afford to tap only $10,000 or so annually.
Related News Annual Retirement Guide Major companies are recruiting older workers Diet, exercise, and checkups will add years to your life Some healthy retirement tips An immediate annuity offers help in retirement Looking for the good life in all the small places Reverse mortgages lend a hand to seniors Busy seniors are more likely to relish retirement |
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Tagged by
FinancialAmbition
on 22 May 2008
Americans are worried that they might not have enough money for retirement, as health care costs rise and inflation erodes the value of their savings, according to a survey released Monday.
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Tagged by
FinancialAmbition
on 22 May 2008
I just read this article in the San Francisco Chronicle called Retirement Money Wories Mount for Workers. I am finding it interesting that the media is finally picking up on the fact that the average American does not save enough money for their retirement needs. The United States Department of Labor did a study on the retirement accounts of Baby Boomer’s back in 2005. As stated in their analysis…
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Tagged by
Guru
on 29 Feb 2008
A recent survey concluded that most americans do not understand how compound interest works and so have trouble seeing the impact of their debt on their financial future
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Tagged by
FinancialAmbition
on 27 Jan 2008
Does it make sense to borrow from retirement savings to pay off current debts?Chicago Tribune financial columnist Gail Marks-Jarvis points out that “under federal law, people are allowed to borrow from their 401(k), but the intent is to let you borrow only for the short term. You are expected to pay the money back, and you are given no more than five years to do it. If you lose your job, you have to pay it back quickly, usually within 90 days.“If you fail to pay the money back on time, you have to pay taxes on everything you owe. In addition, there will be a 10 percent penalty.
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Tagged by
Guru
on 09 Jan 2008
An accomplished professional and now a successful retiree, shares his experiences, thoughts on retirement, financials and retirement funding. Plus, a link to a website that is a compendium of advice and tools to tackle financial questions related to retirement planning/savings
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Tagged by
FinancialAmbition
on 26 Dec 2007
Narrator: Welcome to Vanguard's Plain Talk on Investing , a biweekly series that provides easy-to-follow steps aimed at helping you achieve financial success. At Vanguard, we believe people can achieve their goals when they have the tools to do the job, and that's what Plain Talk is all about.In today's podcast, we focus on the unique challenges women face when saving for retirement. We spoke with Stephani Smith, a principal in Vanguard Asset Management Services, to learn strategies women can use to overcome these challenges.Stephani begins by listing some of the obstacles women face when building a retirement po
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Tagged by
FinancialAmbition
on 01 Nov 2007Tags:
retirement planning,
finance
Americans face immediate financial concerns on a day-to-day basis, and these take priority over long-term retirement goals. In Bankrate's retirement savings poll, taken in mid-September, seven in 10 Americans (68 percent) said they are not able to reach their monthly retirement savings goal because of other financial responsibilities.
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Tagged by
FinancialAmbition
on 12 Oct 2007
The vast majority of taxpayers will agree that, regardless of the order of priority, retirement planning and education financing are their two most important financial-planning items. Funding our retirement plans is encouraged by the convenience of contributions through automatic salary deductions, the income-tax deductions allowed for some contributions and the tax-free growth for some others. Consequently, we often fund our retirement plans on a consistent basis while financing the education accounts of our children is usually placed on the list of items "we will get to later". With the constant rise in cost of higher education you will want to make sure that at least a portion of your children's education expense is covered. You will be happy to know that there are s
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Tagged by
FinancialAmbition
on 12 Oct 2007Tags:
retirement planning,
finance
When it's time for you to retire, will you be able to afford it? Almost all the research conducted on the subject over the last few years shows that most individuals are unable to demonstrate financial readiness for their retirement years. This only serves to underline the fact that saving for retirement is a challenging process that requires careful planning and follow-through. Here we review some helpful tips that should help you on your way to a comfortable retirement.
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