A third of Americans plan to retire on Social Security alone, but it may not be enough to get by

Tech Insider : Economy, Economy
Retired couple standing on a cruise ship.
About a third of Americans plan to rely on Social Security income during retirement.

David Sacks / Getty Images

Why a semi-retired baby boomer chose a passion project over a life of leisure: 'There's just an adrenaline rush'

Tech Insider : Economy
This photo shows Trey Fischer and Michael McCaman, the co-founders of Orion Therapeutrics.
Michael McCaman (right) and Trey Fischer, two of four cofounders of Orion Therapeutics.

Courtesy of Michael McCaman

A child-free boomer doesn't regret her choice despite the social pressure. She has financial freedom and can spend the rest of her life giving back.

Tech Insider : Economy, Economy
Photo shows Ann Snyder, 70, a childfree American who lives in Beaverton, Oregon.
Ann Snyder, 70, said she knew she never wanted children. Snyder said the decision gave her financial freedom and more time with her husband.

Courtesy of Ann Snyder

Boomers who want to transfer wealth to their adult kids should make sure their finances can pass a stress test

Tech Insider : Economy
Man taking a photo of woman near the ocean
Financial planners say baby boomers need to make sure they're financially set before passing down wealth.

AscentXmedia/Getty Images

Like Biden, many boomers are facing the end of their careers. It brings up feelings of grief and identity loss.

Tech Insider
President Joe Biden standing behind a door.

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Boomer dad, who is 6 months away from retirement, has already started gifting his Gen X and millennial kids their inheritance

Tech Insider : Economy
An older couple enjoying a cup of coffee on their deck overlooking the mountains
More boomers are proactively transferring their wealth to their adult kids.

Jordan Siemens/Getty Images

Some boomers aren't waiting to die to pass on their wealth — their millennial kids need it now

Tech Insider : Economy
Older couple walks on beach holding ice cream cones
Some boomers are passing on their wealth to their kids as a kind of proactive inheritance.

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Why Gen Z is feeling so good about money right now

Tech Insider : Economy, Economy
Young people smiling

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The generation that may never retire: Why some millennials are behind on savings — and how they can catch up

Tech Insider : Economy, Economy
Magician holding wand over a hat, with a calculator displaying '$1,000,000' surrounded by sparkles and coins falling

Getty Images;Alyssa Powell/BI

A few years ago, Nathaniel Hudson-Hartman, 38, calculated that he'd need about $1.5 million in savings to retire comfortably in his sixties.

Baby boomers are approaching 'peak burden' on the economy

Tech Insider : Economy, Economy
baby boomer

REUTERS/Mike Blake

  • The baby-boomer "time bomb" is finally upon us, economists say.
  • All boomers will be at least 65 soon, the generation's point of "peak burden" on the economy.
  • Future generations can take solace in the fact that no boomer-size generations are in the making.

A time bomb has been ticking in the US.

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