Cashing in on Retirement: How Boomers are Making the Most of their Golden Years

Money | June 29, 2024, 6:14 a.m.

Retirees Michael, a corporate airplane pilot at 75, and Connie, a former state government worker at 79, are living the retirement dream with financial comfort and stability. In a time when retirement savings are becoming increasingly rare, their stories stand out as examples of smart saving decisions and the benefits of stable investments. While many Americans face a retirement crisis, with Social Security funds depleting by 2035, Michael and Connie offer hope that a comfortable retirement is still achievable with careful planning and smart decisions. With the decline of pensions and the rise of individual retirement accounts like 401(k)s, achieving a stable retirement account is becoming more challenging. Yet, for those who have successfully navigated these challenges, like Michael and Connie, the rewards of a stress-free retirement are worth the effort.