Since it was signed into law in 2010, the Affordable Care Act (ACA) - often referred to as Obamacare - has received a great deal of attention.
When Congress reached a deal to avoid the fiscal cliff, the reaction was generally mixed, but baby boomers heading toward retirement were given some good news.
It's easy to think there's a rivalry between baby boomers and millennials. The two generations are seemingly at odds on everything from movies to spending habits.
With 78 million members, the baby boomer generation makes up a large swath of the population, and while it is often viewed as a single entity, a recent study suggests there are considerable differences when it comes to financial planning.
Older adults approaching retirement may be facing concerns about their financial future, but a new report from Indiana University (IU) found that boomer women are among the most generous segments of the population.
Thanks to an unstable economy and concerns surrounding the so-called "fiscal cliff," it might be easy to think that those who are approaching retirement age or have already left the workforce may be in for some financial struggles.
Even though many people look forward to the holiday season, it does come with its fair share of stress. Hanging up decorations and going to family parties may seem like all you need to do, but shopping often takes up a lot of your time, and in some cases your budget.
Just because you're retiring doesn't mean you no longer have to deal with inflation.
With all the talk surrounding the so-called "fiscal cliff," a series of tax hikes and spending cuts if Congress can't reach a deficit reduction deal, many older adults may be concerned about their retirement financial plans.
The debate in Congress over a budget reduction that avoids the so-called "fiscal cliff" - the name applied to automatic cuts and tax hikes should an agreement not be met - has earned a lot of attention.
Social Security often weighs heavily on retirement financial planning, but as many boomers plan on working past traditional retirement age, some of them are rethinking when they should start taking payments.
As millions of baby boomers head toward retirement, many of them are likely looking forward to enjoying their golden years and time off from work, but results of a recent survey from PulteGroup suggest they may be doing so with an unexpected houseguest.
Understanding the ins and outs of Social Security can make a significant difference when it comes to retirement financing, but a new study from the Bank of Montreal (BMO) suggests that many older adults may not be familiar with the best practices.
As thousands of baby boomers turn 65 each day, many of them are concerned about whether they'll be able to have a comfortable retirement. While some of that may be due to the still-sluggish economy, experts say there are other factors at play.
Retirement is very different than it used to be, and while that is a good thing when it comes to older adults being more active and engaged, it also comes with some new challenges.
Older adults are the fastest-growing segment of Facebook users, and while the popular social network can help retirees reconnect with old friends and stay in touch with family members, it does pose a number of challenges.
Older adults have become increasingly tech-savvy over the years, and baby boomers have helped lead the charge.
Whether it's a car, television or anything in between, the question of whether to buy a new or used version is one of the first decisions you have to make. This is also the case when it comes to those considering moving into a home.
Some people have a set idea of their retirement age long before they approach it, but a new study finds that may not be the case for many Canadian baby boomers.
There has been ample discussion about the financial concerns of adults heading toward retirement, but a new report shows these individuals are feeling a bit better than in recent years.
Deciding whether to buy or rent a new home can often be a tough choice to make. Both have their advantages and determining which one is the better deal sometimes requires looking into many different factors.
The question of whether to buy or rent is one facing many homeowners, even for older adults who may be looking to relocate during retirement.
To some baby boomers, building a retirement budget can be a challenge.
Despite grim predictions that hinted baby boomers may not meet their retirement goals, a recent study offers a rosier portrait.
Many people plan for decades to retire comfortably, but then once they get there think they can sit back and relax when it comes to finances.
As thousands of baby boomers turn 65 every day, many of them are nearing retirement, and while some of them are worried about whether they'll have enough savings, experts say there's an easy way to alleviate the concerns - keep working.
Many baby boomers fondly reflect on the iconic cars of their youth. The original Ford Mustang, Chevy Camaro and Dodge Charger are all automobiles of legend.
As the United States continues to emerge from the recession, businesses may be looking to target certain age groups who are ready to spend once again, and analysts say baby boomers are their best bet.
Leaving something to the younger generations has been a hallmark of family life for centuries.
Many things improve with age, and as a recent Gallup poll points out, that goes for how you feel about your financial situation.
As baby boomers start to retire, it looks like they're planning on doing it in style.
Healthcare costs are a serious concern for many retiring couples, and results of a new study from Fidelity Investments reveals exactly why.
Despite the uncertainty surrounding many adults' retirement savings, it has not curtailed the generosity of baby boomers.
Smartphones, iPads and many other gadgets have made life much easier over the last several years, but scientists are hoping they will be used for much more than playing scrabble against your neighbor.
With upward of 80 million members, the baby boomer generation is expected to have a significant impact on the economy over the next 20 years.
It shouldn't come as a surprise that grandchildren play a significant role in the lives of older adults, but a recent survey from AARP uncovered just how involved in their grandkids' lives they really are.
Many adults can't wait for the day when they are able to retire from the workforce, but sometimes the amount of financial questions surrounding their departure can make it especially stressful.
Even if adults have saved enough money for a comfortable retirement, sometimes unexpected health costs can throw a wrench in the plan.
With the baby boomer generation as large as it is, it's no surprise that its 78 million members would have differing opinions on a wide variety of issues.
Medicare has been at the forefront of the debate among presidential hopefuls running for office in 2012. While there may be differences between candidates, one thing that both Republicans and Democrats are saying is that there will be changes to the program over the coming years.
Many baby boomers are falling victim to investment fraud as a way to recoup any losses from the economic crisis as well as build their retirement savings
The Joint Select Committee on Deficit Reduction, often referred to as the supercommittee, was formed this summer as a result of the prolonged budget debate to cut $1.2 in federal spending over the next 10 years.
Thanks to a new set of rules from the Department of Labor, baby boomers will be able to receive retirement advice from financial institutions rather than independent advisers.
There had initially been fears among retirees that Medicare costs would increase in the coming year, but a recent announcement by the Obama administration provided some relatively good news.
With the constantly fluctuating stock market, many people are looking for investments that will pay off in the long run without having to risk the ups and downs of stocks, bonds or any other uncertain options.
Baby boomers have caused a lot of people to re-think what retirement means in terms of health and activity, but they have also changed the way people look at retirement from a financial standpoint - though for some it was not on purpose.
Despite rising expenses, Social Security beneficiaries have not received a cost of living adjustment (COLA) since 2008.
Many boomers had leisurely retirements in mind, but the economic downturn may have thrown a wrench in some of their plans.
As a growing number of baby boomers find themselves with empty nests, many are looking to decrease the size of their house. The increase in demand will likely drive trends in the housing market, experts say.
Retirement plans can be very different person to person based both on their careers and the standard of living they are used to.
The 12-person Joint Select Committee on Deficit Reduction, more colloquially known as the "super committee," recently met for the first time. While its recommendations will have far-reaching ramifications on much of the country, baby boomers may be the most affected.
Although the fashion world usually evokes images of young models and hip hangouts, more and more analysts are saying that the industry should instead turn its attention toward baby boomers to help them survive the struggling economy, Reuters reports.
A new AARP-Harris Interactive survey revealed some telling details about how baby boomer women are planning for the future.
In years past many parents planned to leave their children an inheritance when they passed away, but such is not the case for baby boomers.
Retirement savers who stuck with the unstable stock market throughout 2008 and 2009 have ended up faring much better than those who took their money out of equities in entirely.
Retirement planning can sometimes become a tangled process with a lot of loose ends and a lot of variables, but taking a few simple steps can help ensure that your second half is fulfilling, comfortable and financially secure.
. While every American thinking about the coming years should be sure to talk to a financial adviser about the future, there are a number of misconceptions that you should clear before any appointment.
President Jay Wintrob recently explained to CNBC that there are new variables to take into account when planning for retirement.
Calculating how much you'll be getting from Social Security checks is an important aspect of retirement planning.
As boomers get ready for retirement, they're bound to run into some terms that seem familiar, but aren't quite crystal clear. Some of the ones that are most often mentioned are the 401(k) and the individual retirement account (IRA).
Boomers who don't know where to begin with retirement planning may want to start by educating themselves about different available financial products.
Steve Orr, the president and owner of Orr Financial Group, is no stranger to trying to help retirees save money.
The economic downturn left many Americans struggling with unexpected situations, whether they suddenly found that their 401(k) funds weren't as reliable as before or their children moved in with them after college.
After the economic downturn, many Americans went into shock mode. They were hesitant to invest in risky stocks and that attitude has persisted.
Finance writer Donna Fuscaldo recently outlined what steps you should take in assessing retirement priorities.
Ever since you were small, there's a good chance that dear old Dad was trying to teach you the value of a dollar.
Retirement planning is on the minds of many baby boomers, particularly as they adjust to their lives as empty-nesters. Kids have flown the coop completely, which means that they will require less financial assistance from Mom and Dad.
Financial advisor Ben Tobias claims that more and more Americans are "easing into retirement both financially and emotionally." He says that he rarely ever sees a client just stop working.
Many baby boomers who are thinking about their retirement haven't yet taken the time to carefully evaluate what areas of their budget they may have to trim to retain their comfortable lifestyle in order to have money to spend on new luxuries.
Research from the Metlife Mature Market Institute reveals that, for the past five years, grandparents have been giving the equivalent of $370 billion in support to their grandchildren.
Most Americans know that one of the keys to having a comfortable retirement is planning ahead. But, for many, outlining a budget may have fallen by the wayside.
Day traders and amateur investors who enjoy watching market developments may feel that they are far from done with trading when they retire, but it's important to make sure that a nest egg isn't relying on volatile stocks before trying to invest again.
A new survey conducted by online stock trading firm Scottrade has found that women were just about as confident in their retirement savings as men, with 69 percent rating their confidence levels as good or very good.
Retirement planning can prove to be a difficult and strenuous process for many Americans, and many may find that they are depending on their 401(k)s a little more than in years past.
The economic downturn left many baby boomers struggling with their finances and savings, which means that debt has become a worrisome part of their lives.
As baby boomers plan for their retirement in earnest, many are realizing the damage done to their nest eggs in the recent years due to tough economic times.
A new survey conducted by Harris Interactive has revealed differences in saving and spending tendencies for men and women.
As baby boomers contemplate their retirement, it's important to acknowledge that they are navigating a much different financial landscape than what their parents faced.
The Great Recession taught many baby boomers to be a little more careful about their expenses, and now that retirement is coming closer, households are rethinking how they use their savings.
Only 32 percent baby boomers polled in a new survey were found to be confident in the investments they had made.
Whether you're saving for retirement or saving for all the things you want to do in retirement, everything starts with a budget and a plan.
The economic downturn left many reeling, particularly older adults who were counting on their investments to provide a cushion during retirement.
Baby boomers have traditionally thought about retirement as a time to finally dip into their savings. However today’s economic climate has prompted many to reconsider how they are spending their retirement dollars.
A recent survey conducted by the Society of Actuaries shows that 72 percent of pre-retirees and 55 percent of retirees believe that their retirement savings are protected from inflation.
Older adults should take the time to financially plan for longer life expectancy.