Baby Boomers

America got older, faster during the decade ended in 2020. New census figures released Thursday show the share of U.S. residents age 65 or older ballooned by more than a third from 2010 through 2020, while the share of children declined, particularly those under age 5.

The tax return that’s used to determine whether you pay extra for Medicare premiums may not accurately reflect your income when you retire.

If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1, 2022.

If you have overseas financial accounts, you may need to disclose balances to the U.S. Department of the Treasury by April 15 or incur a steep tax penalty.

There can be big differences in the cost of assisted living facilities, depending on where the community is located.

More than 70% of dog owners are feeling the sting of inflation when spending on food and supplies. But many are still willing to splurge, a report shows.

There are many resources to which retirees worried about meeting their bills amid inflation can turn. Here are some of them.

So far, the average tax refund is $3,401, nearly 14% higher than last year, according to the IRS.

If you are on the verge of becoming a caregiver for your older parent, here are some tips for managing the transition.

It might make sense to drop your Medicare coverage and pick it up again later, depending on the options at your new job.

Market interest rates and bond prices typically move in opposite directions. Here’s how the Federal Reserve’s rate hike may affect your portfolio.

Inflation is causing some older Americans to postpone major life events, including retirement, according to a Nationwide survey.

Household debt for retirement-age Americans has grown steadily. Here’s what to know about managing debt in retirement.

Annual inflation rose by 7.9% in February, but some retirees may not feel the brunt of certain rising costs, according to a J.P. Morgan report.

If you’ve discovered that your 2022 plan is not a good fit, be aware that you can make a change during a window that opened Jan. 1 and closes March 31.

There are key differences between rural and urban Americans when it comes to building wealth. Here’s how it may affect retirement.

If you’re eyeing a Roth IRA conversion, there may be ways to lessen the tax bite, financial experts say. Here’s what investors need to know.

You’ll need to invest about 9% of your $35,000 salary to retire with $500,000, if you start saving in your 20s. You’ll need to save more if you start later.

When you start accumulating assets elsewhere or are approaching retirement, it may be worth examining whether you should part ways with your target date fund.

If you ignore medical bills, it can evolve into unpaid debt that ends up with a collection agency and on your credit report for up to seven years.