Reported 2 days ago
In 2025, a record 4.2 million Americans are set to turn 65, marking the beginning of what is termed the 'silver tsunami'. This significant demographic shift poses important financial implications, particularly for retirees and financial advisors, as substantial wealth transfer is expected. The conversation around retirement savings and income management becomes crucial, as individuals must navigate how to sustainably withdraw funds while also engaging in open discussions about finances with their families, ensuring transparency and preparedness for the challenges that come with aging.
Source: YAHOO