E.g., 04/13/2021
E.g., 04/13/2021
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  | Financial Wellness

Baby Boomer Retirement Realities

Baby Boomers as a generation have set the trend for a lot of things over the years, from the feminist movement to minivans and Saturday morning soccer games.
Assuming that there is no change in a person's spending or professional income and assuming that they are spending less than they earn and doing something productive with it, then over a long period of time a person's net worth should start to accelerate. But what if it doesn't? Take a look a this case example to learn more.
When we think about when to file for Social Security, age 68 doesn't often come to mind. After all, it's not a particularly notable age on the spectrum of when to claim benefits.
This is an account of an amazing woman by the name of Oseola McCarty, an African-American cleaning woman from Mississippi who saved over $150,000 during her lifetime and then donated it to a scholarship fund at the University of Mississippi for deserving students who otherwise may not get the chance to go to college. She was also a Presidential Citizens Medal winner and inspired others to give. This is her story.

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