7 Key Investments for Boomers Planning To Retire on Their Own

Group 1: Retirement Planning Overview - The current retirement landscape requires individuals to take a "do-it-yourself" approach due to the decline of corporate pensions and the projected insolvency of Social Security by 2034 [1] Group 2: Financial Tools for Retirement - Emergency funds are essential for managing unexpected expenses during retirement, with experts recommending at least six months' worth of expenses saved [4] - Stocks are necessary in a retirement portfolio to combat inflation and enhance asset value, with a balanced approach between aggressive and conservative investments advised [5] - Fixed-income investments like bonds, CDs, and U.S. Treasuries provide stability and regular interest payments, serving as a counterbalance to equities [6] - Annuities can offer a reliable income stream for life, but retirees should be cautious of high fees and restrictive terms [7]