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37908 Re: Here's how much the typical baby boomer has saved for retirement — how do you stack up right now?
   [color=blue][b]That's why many of them are still working ... some more...
Beldin   6TH POPE   03 Dec 2022
7:21 PM
37866 Re: Here's how much the typical baby boomer has saved for retirement — how do you stack up right now?
   ...if ya house and cars is all paid for and ya kids is out on their ow...
ribit   6TH POPE   02 Dec 2022
5:39 PM

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Here's how much the typical baby boomer has saved for retirement — how do you stack up right now?

By: Decomposed in 6TH POPE
Fri, 02 Dec 22 5:25 PM
Msg. 37862 of 60008
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(This is nuts. It takes at least $1 million to retire today. I think an awful lot of older people will soon be living on the street. - De)

December 2, 2022

Here's how much the typical baby boomer has saved for retirement — how do you stack up right now?

by Brian J. O’Connor
Finance.Yahoo.com



Here's how much the typical baby boomer has saved for retirement — how do you stack up right now?

The 71.6 million men and women of the postwar baby-boom generation started hitting retirement age eight years ago. But it’ll be another dozen years before the whole generation has reached its full retirement age.

So just how is retirement shaping up for the generation that went from Woodstock and Watergate to iPhones and Instagram?

A new survey from the Transamerica Center for Retirement Studies estimates that the median retirement savings of boomers totals $202,000. That might sound like a respectable amount of cash, but that produces just $8,080 a year, or $673 a month.

In many cases, that money gets nibbled away by income tax, too. With that in mind, here are three proven strategies baby boomers might want to seriously consider to bolster their retirement nest eggs.

http://finance.yahoo.com/news/heres-much-typical-baby-boomer-110000774.html




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months