Smart Retirement Strategies for Boomers

Smart Retirement Strategies for Boomers

Core Facts

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If you are one of the 76 million Baby Boomers with retirement just around the corner, it would be wise to take stock of your situation, and make sure that you’ll not be in for a horrible surprise come retirement day. Surveys show that the average pre-retirement Boomer only has about $9000 per year in retirement income headed their way, and a shocking one third of Americans say that they have zero retirement savings.

Knowing that you have savings ready to access when the time comes is one thing, but making sure you’ve taken into account the bite of it that Uncle Sam will take is another, and there are other factors which could affect your lifestyle in your golden years. Here are some strategies for a smarter retirement:


Stabilizing your finances through reduced spending is a smart strategy, no matter how close you are to retirement. Structuring a conservative budget and sticking to it, is an antidote for out of control spending and debt. When it comes to retirement, you will have established good habits, and more than likely have some extra cash at your disposal. 

Early years

In your early years of retirement, you’re likely to have more energy to expend during all the newly-found free time. Be aware of this as you plan ahead, and be sure to save enough for any travel and other costly activities you may want to take part in.  


Retirement planning isn’t just “putting X amount of dollars away.” The way to predict your retirement future is to create it - that is, be very clear about your goals. What will your lifestyle be like? What do you want to accomplish? How will you fund your activities? Will you work part-time to support these goals?



Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC



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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website:

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Jake Mendlinger
Account Manager
516.829.8374 X 232

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