Wednesday, April 7, 2010 as of 11:14 AM ET
A baby boomer is a person who was born during the demographic Post-World War II baby boom between the years 1946 and 1964, according to the U.S.
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With retirement just around the corner, many baby boomers are going through another major life change: divorce.
The overall divorce rate in the U.S. sits around 50%, and in 2009, one in four of divorces were among baby boomers--an increase from one in 10 in 1990, according to research conducted by sociologists Susan Brown and I-Fen Lin of Bowling Green State University.The divorce process can provide financial hardships and paperwork headaches at any age, but the financial issues become more complex when retirement funds play a larger role in proceedings. "Everyone who gets divorced is worse off financially," says Randy Kessler, founding partner of Kessler & Solomiany.Splitting assets with retirement only a few years away can complicate the process, and experts advise boomers work with mediators, lawyers, and financial planners to create a favorable settlement from a tax and retirement perspective."Not all assets are created equally, and not everyone in a divorce knows what to ask for,"...Towers Watson (NYSE:TW) has agreed to buy the largest private Medicare exchange in the U.S. for $435 million in an effort to boost its health benefit offerings fo...
With traditional safety nets such as company pensions and Social Security dwindling, many of the 78 million baby boomers are left trying to answer one question: "Who...
FBN’s John Stossel on his new book, “No They Can’t”, and the power of the free market.
The Boomer" is a column written for adults nearing retirement age and those already in their "golden years." It will also promote reader interaction by posting e-mai...
Henry Schein CEO Stanley Bergman on the company’s growth and recent acquisitions.
Despite dire predictions to the contrary elsewhere, a recent study finds that most retirement-age Baby Boomers are leaving the workforce on time.While other surveys ...
The president of Fidelity Investments, Kathleen Murphy, stops by with some steps to help you get there
Cigna's (NYSE:CI) first-quarter sales topped Wall Street expectations and the health insurer lifted its fiscal 2012 forecast on Thursday, driven by high performance ...
Cigna Corp.'s (CI) first-quarter earnings fell 10% amid a bigger impact from charges and other items, but the health insurer's revenue jumped with help from an acqui...
"The Boomer" is a column written for adults nearing retirement age and those already in their "golden years." It will also promote reader interaction by posting e-ma...
Eugene Profit, Profit Investments CEO and former NFL Player, weighs in on today’s markets.ID:
There is lots of talk about the "fiscal cliff" the U.S. faces at year end, as stimulus and tax cuts go away.So the last thing the government needs now is market dist...
Between inflation and consistently pitiful yields, retirement planning has become a Herculean task. Investment is tough when working with low returns. But there's a ...
“The Yoga Club” author Cooper Lawrence on the increase in job stress for American workers.
Strategic Wealth Partners V.P. Tony Zabiegala on the economy’s bearish outlook.
Strategic Wealth Partners V.P. Tony Zabiegala on why investors should consider biotech for their portfolios.
Springer Financial Advisors president Keith Springer explains how a third round of quantitative easing will impact the markets.
While boomers have redefined the way we age, the importance of family has not wavered, and we remain committed to our loved ones.Boomers are increasingly finding the...
The average American will face a 28% income shortfall in retirement, according to a recent survey by Fidelity Investments. And that's just the broad percentage: In d...
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