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June 6, 2021

Baby Boomers

Here’s how to get $100,000 in annual tax-free income during retirement

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CNBC – For more and to sign up click here fstop123 | E+ | Getty Images It’s a sure bet that no one — regardless of age — enjoys handing over any of their income to the IRS. In retirement, though, doing so can feel like even more of a......

Number of 401(k) and IRA millionaires hits record one year after Covid, Fidelity says

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CNBC – For more and to sign up click here Although the pandemic isn’t over, many retirement savings accounts are back to pre-Covid highs. Retirement account balances, which took a sharp nosedive almost exactly one year ago when the coronavirus outbreak caused economic shockwaves, have now bounced back entirely, according......

Bullish baby boomers help fuel red hot small business M&A market

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CNBC – For more and to sign up click here People enjoy a stroll through Historic Annapolis Main Street in Annapolis, Maryland on April 29, 2021. Marvin Joseph | The Washington Post | Getty Images For Mitch Hughes, chief executive of Vizz, a construction management software firm he founded in......

Prices are going up — here’s what inflation means to you

CNBC Real Estate
Americans’ expectations for inflation over the next few years also hit its highest level in nearly a decade, according to another report by the Federal Reserve Bank of New York.   Overall, the expectation is that the inflation rate will be up to 3.4% one year from now — its......

The pandemic drove these Americans into early retirement. What to know before making the leap

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CNBC – For more and to sign up click here Mary Ann Sergeant Source: Kara Sergeant After a year of grappling with the pandemic, many baby boomers have made changes to their retirement plans.  Mary Ann Sergeant, 65, spent more than 15 years working as a pharmacy technician at Anna......

Should you pay off your mortgage in retirement? Experts weigh in on whether to cut that debt

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CNBC – For more and to sign up click here urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that......

Op-ed: More boomers are choosing to ‘upsize’ their homes in retirement

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Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable......

Claiming Social Security early can impact your spousal benefits. Here’s how

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CNBC – For more and to sign up click here FG Trade | iStock | Getty Images Married? You may want to think about how claiming Social Security early would affect your spousal benefits. For starters, not all early filers can access those benefits right away. And for those who......

The Covid-19 downturn may cut Social Security benefits for some. Whether that will be fixed is uncertain

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CNBC – For more and to sign up click here A Social Security Administration office in San Francisco. Getty Images When the Covid-19 pandemic set in last year, one of the unintentional effects from the deep economic downturn included a potential reduction in Social Security benefits for one group of......

31% of young adults relocated during Covid. But they aren’t giving up on cities altogether

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Morsa Images | Getty Images A pandemic migration has been underway, at least for young adults ages 18 to 31. That’s according to a Bankrate.com survey that found 31% of people in that age cohort relocated either permanently or for an extended period of time during the pandemic. That’s compared......

More than 75% of Americans haven’t calculated how much they need to retire. Here’s how to find out

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CNBC – For more and to sign up click here Most people can tell you when they want to retire. Not everyone can tell you how much money they will need once they get there. In fact, more than 75% of Americans haven’t even run the numbers, according to the......

More than 8% of American adults are millionaires. Here’s how they got wealthy

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CNBC – For more and to sign up click here Odds are you know at least one millionaire. More than 8% of adults in the U.S. have enough assets to fit the definition, according to the Global Wealth Report 2020 by Credit Suisse. That works out to more than 20......

Missed your Medicare enrollment period? What to know if you’re signing up now

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CNBC – For more and to sign up click here bymuratdeniz | E+ | Getty Images With all of Medicare‘s different rules for enrolling, it’s not unheard of to miss your signup deadline. Now is the time to remedy that. During a general enrollment period that opened Jan. 1 and......

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