Baby Boomers

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

With Portfolio Intelligent Income, the discount brokerage is shifting some of its focus toward clients ready to spend their investments.

In 90% of families, wealth disappears by the end of the third generation.

They “need to be thinking about guaranteed income streams” because there’s “not a lot of time for recovery,” an expert writes.

Younger clients are more savvy consumers who know how to minimize their expenses and are less inclined to spend on material goods, an expert says.

The specter of lost trillions in the coming asset transfer is causing wealth managers adapt their strategies to serve mercurial millennials.

For retirees, dipping into their traditional retirement accounts could trigger an income tax bill while withdrawing from Roth accounts might not result in a tax liability.

The brokerage may pay about $2 billion for the additional advisory clients, according to reports.

Some plan to downsize to an inexpensive town nearby.

As robos take over investment management tasks and younger clients demand more services, advisors need to reimagine what they offer.

The number of recipients has increased as the baby boomer generation reaches retirement age.

The S&P 500 bottomed in March 2009, but clients have since seen a huge boost in their retirement savings.

Advisors who aren’t putting in the work to attract the next generation are taking a risk.

It’s not hard to envision Gen X advisors finally achieving things that many of us hoped would happen a decade or more ago.

When financial emergencies compel early withdrawals from clients' retirement accounts, they face income tax and often an additional 10% penalty.

One state has two of the top three cities in terms of boomer debt.

Eighty-nine percent of millennials and 59% of Gen Xers say they are open to their advisors following them on social media platforms.

New survey reveals low savings rates and poor financial literacy on retirement planning, but advisors can help.

Picking up on a client's unspoken wishes led an advisor to an unexpected asset allocation — one that benefited the client's daughter.

New innovations increase participation by making it easier to save and invest for retirement, an expert says.