Ep 7: The Challenges Facing Baby Boomers in Retirement

We work with many, many Baby Boomers so we see and hear the concerns they have heading into retirement. Let’s discuss what challenges are facing this generation and where mistakes often get made during the planning process.



We have the privilege of working with a lot of Baby Boomers in our business. Close to nine out of 10 clients that come through our doors fall into that generation.

With somewhere around 10,000 Baby Boomers retiring each day, we see the challenges facing this group. We hear their concerns and help build plans that can navigate the obstacles.

But it’s different that their parents’ generation. Retirement doesn’t just happen for people. It takes careful planning and execution of that plan to reach the goals you’ve set for yourself.

So let’s talk a little more about this generation and where some of the problem areas are in retirement planning. Take, for example, the Sandwich Effect, which is a new challenge facing retirees. They’re having to help care for their own parents while often still supporting children that live at home.

That’s the plan for this episode of the Retirement Huddle podcast with Mark Howard. If you are a Baby Boomer that needs help with planning, please contact us and we’ll be happy to assist you through this process.

Thanks for listening! We’ll be back for another show every other Thursday.

Today’s rundown:

[0:39] – What percentage of our clients are Baby Boomers?

[1:45] – What unique financial challenges are Baby Boomers facing?

[4:16] – The Sandwich Effect

[4:44] – Two more challenges: pension funds and unfavorable market cycles

[6:02] – One of the biggest financial fears we hear from Baby Boomers.

[6:43] – What mistakes do Baby Boomers make with retirement planning?


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