The 2025 Social Security COLA will increase by only 2.5%, equating to an additional $50 monthly per person, underscoring the financial challenges ahead.
While younger investors remain optimistic about stock market growth, veteran market observers recall past crashes that have severely impacted retirement savings, particularly for Baby Boomers.
Market drops can be devastating for older investors who might not recover in time, and the historical context shows recovery periods from market crashes can be significantly lengthy.
The recent bull market, which resumed in October 2022, could present risks for Baby Boomers, particularly if they are heavily invested in stocks.
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