Boomers Everywhere
Thinking about retirement feels like standing at the edge of a new adventure, especially for baby boomers. It’s about figuring out how to enjoy those golden years without stressing over finances. Now, how much do you really need? Well, it all boils down to understanding your lifestyle expectations and matching those with your savings. Let’s start with average retirement savings for boomers. Many find that assessing their current savings gives them a snapshot of what they must work with. This includes looking at all retirement accounts like 401(k)s and IRAs. It’s also about understanding what lifestyle you plan on leading and how it relates to your savings. Dreaming of world cruises or more modest plans? Be real about matching your goals with your budget. Healthcare, inflation, and the cost of living are three big players in how much you’ll need. Healthcare costs keep rising, and it’s wise to keep inflation and living expenses in your crosshairs too. Knowing this, sett...