Senior Spotlight: Spending, Investing & Strategizing
3 reads on money matters that count for older adults!
Welcome back to the Bobbi Decker Senior Spotlight! This week’s topic is one that may not be glamorous but is absolutely necessary to talk about: money matters. Saving, spending and investing in retirement looks and feels very different compared to other stages of life. Below we are sharing 3 recent articles that give us all some food for thought in the menu of what to do with those hard-earned funds.
*Please note that these resources are for informational purposes only and should never be considered financial guidance. Please always refer to your own personal financial advisor for decisions related to your own situation and what is best for you!
11 Reasons Baby Boomers Aren't Spending Their Massive Wealth | AOL
Federal data reveals that Baby Boomers are the wealthiest generation in the US holding over 50% of household wealth. Not only are they known for amassing these funds – but hanging onto them. The Finance Buzz from AOL reveals what is holding Boomers back from spending all that they have saved. Reasons include living longer, having fears over their future, juggling competing demands for money and even hanging onto leftover pandemic routines. Read all the reasons (they are very interesting!) in full HERE.
How Different Generations Invest and What They Can Teach You | Kiplinger
It’s been proven time and time again that intergenerational learning benefits individuals of all ages – and there is much to gain especially when we are talking about money. A new read from Kiplinger points out the ways in which different generations invest (and why) and suggests that we can learn from our own ‘investing blind spots’ by talking to those of different ages who allocate funds differently. Knowledge is power; let’s share it! Read about varying views on investment by generation in full HERE.
If you are a Baby Boomer collecting Social Security, the date of October 15th, 2025, likely has implications for you. 24/7 Wall Street confirms that “…This key date, which is coming up in under one month, is the date when the Social Security Cost of Living Adjustment (COLA) will be officially announced.” Known as a Social Security ‘raise’, a COLA adjustment is designed to help retirees cope with inflation. The increase is announced in October and takes effect in 2026. Learn more about the COLA formula and timing HERE.
Cheers to living well and strategizing wisely,
Bobbi
Bobbi Decker
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