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Finally, consider diversifying your retirement savings outside of the stock market. As a baby boomer, you’ve seen your share of swings in share prices — but you’ve also seen massive growth ...
The average retirement savings for Baby Boomers is just over $200,000. Since the last Boomers won’t retire until 2031, there is still plenty of time to boost their retirement savings.
Step up savings: Workers aged 50 and older can make extra "catch-up" contributions to 401(k) and IRA accounts. While the typical worker can contribute $23,000 to a 401(K) and $7,000 to an IRA in ...
However, many Baby Boomers are taking considerably more risk within their retirement portfolios. According to Fidelity, over one-third of Baby Boomers have too high equity allocations in their ...
According to research from the TransAmerica Center for Retirement Studies, the median retirement savings of baby boomers totals $202,000. This may seem like a lot, but based on the 4% rule, this ...
Baby boomers are the largest generation to retire. However, a Stanford Center on Longevity study found that the median amount boomers have in tax-advantaged plans is $290,000 for early boomers ...
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