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The Latest Breaking News from Baby Boomer

Do 1031 Exchanges Make Sense for Baby Boomers?

Here are four scenarios in which a 1031 exchange to defer capital gains taxes would be worth exploring if you're a Baby Boomer selling property.

Kiplinger

Talkin' 'Bout My Generational Wealth: Baby Boomers

With retirement, each generation has different priorities and challenges. For Baby Boomers, it's a matter of ready or not, here it comes.

Kiplinger

Generational Wealth Gap: Baby Boomers Need $556,000, Gen Z $461,000 to Feel Rich

Americans' perceptions of financial security vary significantly across generations, with Baby Boomers, Generation X, Millennials, and Generation Z each requiring different income levels to feel financially comfortable.

International Business Times UK

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"This was a special instrument to him and it's kind of crazy to get to look at it and play it": JD Simo demos Mike Bloomfield's old '63 Strat and proves more than worthy of it

"Mike was the original guitar hero for the baby boomer generation"

MusicRadar

Finding joy in caregiving: Baby boomers find purpose in shopping for those they look after

Canada is on the verge of becoming a “super-aged” nation — a term that refers to nations where 21 per cent or more of the population is aged 65 or older. At present, Japan, Italy, Finland and Germany all meet this criteria, and Canada is expected to reach this milestone…

The Conversation

Gen X cancer rate set to surpass those of baby boomers

By the time they turn 60, Gen Xers are projected to see a cancer rate higher than that of older generations.

Fortune

30 Delightfully Wholesome Boomer Moments That Melted The Internet’s Hearts, Shared On X (New Pics)

Discover the unexpectedly delightful side of Baby Boomers with this collection of Wholesome Boomer Content! The post 30 Delightfully Wholesome Boomer Moments That Melted The Internet’s Hearts, Shared On X (New Pics) first appeared on Bored Panda.

Bored Panda

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Boomers are setting up a showdown with millennials, aging in place and plunking down hundreds of thousands on renovating those homes

Millennials need homes, but because of high home prices and mortgage rates, baby boomers have little reason to sell.

Fortune

Millennials think they have it better than baby boomers, study reveals

43% of millennials say their financial situation is better than their parents’ was at the same age, while 32% say it is worse.

Fortune

The baby boomer bump: How ‘the richest retiring generation we’ve ever had’ is keeping the economy afloat

"They are spending on restaurants, cruises, traveling, and health care."

Fortune

Millennials, Boomers And Gen Z Can’t Stop Roasting Each Other, Here Are 56 Of The Funniest Memes

The internet is full of memes that poke fun at the quirks and oddities of older and younger generations. We scoured the web and curated a list of some of the best ones. The post Millennials, Boomers And Gen Z Can’t Stop Roasting Each Other, Here Are 56 Of The…

Bored Panda

Six Essential Retirement Strategies for Baby Boomers

Emergency funds, estate plans, different kinds of insurance and smart investing strategies are all parts of a strong retirement plan.

Kiplinger

40 Posts Showing Off “Boomer Humor” That Are Funny Because They Aren’t Funny

These cringey baby boomer jokes are unexpectedly hilarious. The post 40 Posts Showing Off “Boomer Humor” That Are Funny Because They Aren’t Funny first appeared on Bored Panda.

Bored Panda

Many baby boomers own homes that are too big. Can they be enticed to sell them?

Lots of older Americans say they'd love to downsize, but it doesn't make financial sense. The housing roadblock has left some would-be buyers stuck. We asked experts what policies could change that.

WEKU

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The Guardian - UK

Life is good for baby boomers. But Jeremy Hunt plans to make it even better

Over-60s are richer thanks to high interest rates and well-performing pension funds. And the Tory voters among them will look kindly on a chancellor who helps out by cutting inheritance tax

Fortune

Housing market experts split on whether the ‘silver tsunami’ of baby boomer downsizing will happen in 2024

Baby boomers hold the largest share of housing wealth, at $18 trillion. What's going to happen to it?

Kiplinger

How Might the Great Wealth Transfer Change Society?

As $84 trillion in assets move from Baby Boomers to younger generations, we could see a greater emphasis on financial technology and investing based on values.

WEKU

Millions of seniors struggle to afford housing — and it's about to get a lot worse

Baby boomers are entering older age amid a historic affordable-housing shortage and widening inequality. A new study warns many won't be able to access the kind of housing or caregiving they need.

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Fortune

Whoopi Goldberg tells Gen Z and Millennials that the reason they can’t get on the housing ladder is because they “only want to work four hours” a day

Whoopi Goldberg—a baby boomer with an estimated $60m net worth—thinks the American dream is out of reach for young people because they’re simply not working hard enough.

Fortune

The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

Boom! Government policy has really enriched a certain generation of Americans—ones who have been in power for decades.

The Independent UK

Kimberly Palmer: How to plan for a potential inheritance

Baby boomers are poised to pass on an enormous amount of wealth to their children and grandchildren over the next two decades

The Guardian - UK

It’s high time Tory baby boomers stopped hoarding their wealth

The new round of austerity is guided by older voters’ insistence on keeping their subsidies and tax breaks – can’t they show some generosity?

Kiplinger

Gen X Should Prepare Now for the Great Wealth Transfer

As the Baby Boomer generation ages, it’s more important than ever that Gen Xers talk to their family and understand how their wealth situation could change.

Fortune

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

Fortune

Housing economist breaks down why millennials are losing out to boomers as top buyers of homes on the market

As baby boomers downsize and millennials finally enter the housing market, they are in direct competition for similarly priced and sized homes.

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