Baby Boomers

The Retirement Reality Gap

Here's a look at the perceptions of today's workers about retirement and the realities of actually being retired.

Why Retirement is Well Earned

For those fortunate enough to join the ranks of the retired, the journey to get there is often a story worth telling, as is the story of those who are unable to retire.

Advice for Workers Retiring in 2014

Some baby boomers are already retired, and many others will join them in the coming year. Here are some tips for people planning to retire in 2014.

Boomers Need to Talk About Long-Term Care

No one wants to talk about death, illness or divorce, but holiday get-togethers provide an opportunity to get discuss these important topics to ensure a successful retirement.

3 Reasons 70 is the New 62

As you approach your late 50s and 60s, retiring may seem like a good idea, but there are three good reasons to hold until you've reached 70.

The Impending Economic Cliff Almost Nobody's Talking About

Washington Post reporter Michelle Singletary calls it the "caregiver cliff." It's what will happen to the U.S. economy as a result of tens of millions of caregivers "taking time off from work, and thus risking their jobs, or tapping into their limited resources to provide care."

7 Tips for People Who Will Retire in 2013

The oldest baby boomers will turn 67 in 2013. Many of this first wave have already retired, while others may be contemplating taking the plunge this year. Here are some tips for those planning to retire in 2013:

The Surprising Generation that Has a Handle On Its Finances

We all know that we should save more and spend less, but we don't always follow that advice. When you break down our responses to the financial crisis by generation, however, some interesting patterns emerge -- and you probably wouldn't guess which generation is doing the worst at financial wellness.

Thanks a Lot for the Disastrous Economic Legacy, Baby Boomers

Baby boomers were handed the American dream. They enjoyed a jobs boom, falling income tax rates, rising wages and a soaring Dow -- all part of an unprecedented "demographic dividend." And the inheritance they are leaving for the next generations: a giant economic mess.

Jean Chatzky on Boomers' Incredible Shrinking Inheritances

Americans are now living longer, and the costs of elder care have soared, which means that many baby boomers%u2019 inheritances will be smaller than previous generations'. Today show financial editor Jean Chatzky offers advice on how to be ready.

A 5-Step Plan to Fill That Scary Retirement Income Gap

The average Gen Xer is on track to face $1,700 a month income gap in retirement. The average baby boomers will fall a whopping $2,100 a month short. Those may sound like insurmountable numbers, but don't throw in the towel yet.

Point: Prepare for a Scary Income Gap in Retirement

Generations of Americans are facing threadbare finances in retirement: Judging by what people say they expect to spend versus what they expect to take in, the disparity between income and expenses will be severe.