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.