The Setup:

We’re talking specifically to Baby Boomers on this episode. What are the most common challenges, fears and goals of this generation? What are some of the mistakes Boomers often make and how can they be avoided?

Click the timestamps below to skip to a specific topic in the episode.

The Combination and Key Points: 

On this episode of Unlocking Your Financial Future, we’re talking about some of the challenges, fears and goals of the Baby Boomer generation – those who were born from 1946 to 1964.   

Most of our clients are in that age range, and they face a completely different set of challenges than their parents did. Their generation is moving into retirement by the thousands every day, and one of the main concerns we hear about is longevity.

“The biggest fear we probably come across is, ‘Am I going to have enough [money] to last me a lifetime?’” said Ben.

Our financial plans go up to 102 years old, so we can make sure you are cared for well into old age.

Some Boomers are taking care of their elderly parents, and that weighs on them. They don’t want the same for their own children.

“They say, ‘OK, how can I prevent this from happening? I don’t want to be a burden on my children later in life,’” said Ben.

Boomers also wonder about buyouts from their companies and whether they should take them. We are happy to look at the offer for you and help you decide. It’s important to know that another buyout might not come along.

To hear more, you can listen to the full episode or use the timestamps below to find a specific segment.

3:04 – Challenges of Baby Boomers

5:40 – How often do Baby Boomers have to worry about children living at home?

7:35 – Baby Boomers’ fears and concerns

9:00 – What mistakes do Baby Boomers make?

10:46 – Why don’t Baby Boomers take buyouts?

Thanks for listening to another episode of Unlocking Your Financial Future. We’ll talk to you again next week!


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