1. Retirement for Gen Xers and Baby Boomers

    Retirement for Gen Xers and Baby Boomers

    This is a thought-provoking article from CNBC called Saving for Retirement Depends on Whether You Listen To The Beatles or Bon Jovi.

    In it, personal finance beat reporter Annie Nova, shares some insights on the retirement scenarios for Gen Xers and Baby Boomers. This one's a particularly interesting point:

    Delay claiming Social Security. Almost 40% of boomers assume Social Security will be their primary source of income in retirement, while just 15% of millennials say the same, Wells Fargo found.

    That makes it particularly important for the older generation members to secure the largest check they can, and that ...

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    1. The different generations have different expectations for how they're going to fund their retirement, and different ways they're saving their money.
    2. We're seeing entrepreneurship increase a lot among baby boomers.
    3. You can't take out a loan to fund your retirement savings.
    4. Take what you have that's extra and put it toward your retirement.
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