Retirement is often seen as the reward for years of hard work. It is a chance to start fresh, and a time to enjoy the fruits of your labor. It opens the door to new opportunities. You can be spending more time with family, discovering new hobbies, or even setting off on new adventures.

As 2025 approaches, a significant number of individuals will reach the milestone age of 65. This is commonly thought of as the starting point for retirement. This group, often referred to as “Peak 65,” is the largest wave of baby boomers moving into retirement. Now, this presents a unique challenges and opportunities.

Retirement provides a chance to reflect on life and focus on the future, especially when it comes to financial security. However, it is crucial to remember that not all experiences are alike. The financial realities faced by many baby boomers in Greenville SC can be vastly different. This is true especially when considering income disparities within the same generation. Therefore, it is essential to understand these challenges and make informed decisions.

Read More The Wealth Gap: Realities of Retirement for Baby Boomers