How Much Income Do You Need to Retire?

Understanding how much income one is going to need is difficult task, and expectations are very different today than they were for previous generations. Financial experts used to say that the goal was to be able to replace somewhere between 60-80 percent of one’s pre-retirement income. The reason for that number was the assumption that expenses would go down after retirement, but that is not necessarily the case any more in this day and age. Read the rest of this entry

Finding A Suitable Replacement Income For The Mass Amounts Of Baby Boomers Who Are Reaching Retirement Age Without A Reasonable Level Of Retirement Income.

According to the U.S. Census Bureau, there are over 78 million Baby Boomers that consist of a group of people born between 1946 and 1964. That currently makes Baby Boomers the largest generation in today’s workforce, and as they start to retire over the next decade, they will be faced with the daunting task of maintaining their pre-retirement lifestyle. Read the rest of this entry

Finding A Suitable Replacement Income For The Mass Amounts Of Baby-Boomers Who Are Reaching Retirement Age Without A Reasonable Level Of Retirement Income.

According to the U.S. Census Bureau, there are over 78 million Baby-Boomers that consist of a group of people born between 1946 and 1964. That currently makes Baby-Boomers the largest generation in today’s workforce, and as they start to retire over the next decade, they will be faced with the daunting task of maintaining their pre-retirement lifestyle.

Compared with what previous generations faced as they closed in on retirement age, Baby Boomers typically have higher income, and have accumulated more wealth to help with their retirement. Overall, a percentage of Baby Boomers will have a higher income in retirement than their parents had, and they are much less likely to live in poverty after they retire. Read the rest of this entry