The Real Reason Boomers Are Retiring BROKE

Video Description

00:00 The Myth of Rich Baby Boomers: Retirement Realities 03:47 The Disappearance of Pensions: Shifting Retirement Responsibility 05:48 Investing Challenges: Market Volatility and Boomer Skepticism 07:57 DIY Retirement: The 401k Era and Its Pitfalls 10:25 Forced to Keep Working: The Reality of Retirement Today 11:30 Factors Contributing to Broke Retirements: Social Security, Housing, and Inflation 13:46 Unexpected Financial Burdens: Divorce, Healthcare, and Wage Stagnation 17:07 Strategies for Younger Generations: Course Correction and Financial Planning Because baby boomers hold so much wealth, a lot of people under the impression that everyone who is a baby boomer is rich, but that could not be further from the truth. In fact, only a handful of them are rich, and many of them are retiring broke. Here's why. Subscribe to My New Clips Channel https://www.youtube.com/@MichaelBordenaroClips ======= Need a Real Estate Agent? Get one for FREE: https://homeandmoney.com/michael/ ======= Sign Up For my Weekly Newsletter: https://subscribepage.io/MichaelBordenaro ======= My Filming and Editing Equipment https://michaelbordenaro.com/my-youtube-gear/ ====== Save Money on Property Taxes FOREVER! http://Ownwell.com/michaelbordenaro ====== Get Cash Back on ALL your Internet Purchases! https://www.rakuten.com/r/NIRVPL2?eeid=28187 ====== My Microphone (Lot of People Have Asked) https://amzn.to/3Mhs2oz Articles Mentioned in the Video https://apple.news/ArF-3yHezQ4ujuKVKy-2e5A https://apple.news/Agmuu48TGTAKQHvnD4Kim0w FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :) DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.