baby boomers Archives - FirstLantic Blog

Keeping Social Security Available for Future Generations

Kate Jordan2022-12-19T21:09:46-05:00September 7th, 2022|Categories: Retire, Retirement|Tags: #FirstLantic #CaseWorkers #HomeHealthcare #HomeCare #ElderCare, #HomeHealthcareBroward, #HomeHealthcareDelray, baby boomers, extending social security, home healthcare cost, home healthcare near me, home healthcare south florida, retiring on social security, social security benefits|

When President Franklin D. Roosevelt signed the Social Security Bill into law on August 14, 1935, he could hardly have predicted that it would end up being one of the most successful anti-poverty programs ever created within the U.S. Without Social Security benefits, 21.7 million more Americans would currently be below the poverty line according to the Center on Budget and Policy Priorities. And Social Security does more than provide retirees with monthly payments. It provides ongoing income to surviving spouses and their children as well as disabled workers and their families through SSDI (Social Security Disability Insurance). Among elderly beneficiaries, 37% of men and 42% of women depend on Social Security for 50% or more of their income while 12% of elderly men and 15% [...]

Five Ways Boomers Are Reinventing Retirement

Boomers have always done things their way, so why should it be any different in retirement. Over 71 million baby boomers make them the second largest generational group right behind Millennials, which number at about 72 million. They are more educated and diverse than previous generations, and they have a considerable amount of aggregate spending power. Combined with the fact that they live longer and lead more active lives, they set their own rules for retirement. Those in the business of catering to seniors will need to evolve their strategy and meet this generation's unique expectations. FirstLantic explores five ways Boomers are remaking what it means to 'retire.' They are working longer. Many boomers choose to reinvent themselves by working part-time, consulting, or even [...]