Reported 15 days ago
According to Vanguard's latest Retirement Outlook report, many baby boomers are struggling to secure their financial future in retirement, with only the top earners prepared for it. Conversely, younger generations, particularly workers aged 24 to 28 and millennials, are projected to be in a better position, benefiting from improved access to employer-sponsored retirement plans and features like auto-enrollment. While the outlook is bleak for some, strategies like tapping into home equity and working longer could enhance retirement readiness for older generations.
Source: YAHOO