Core Insights - The baby boomer generation, born between 1946 and 1964, is reaching retirement age and many are financially prepared for a comfortable retirement if they made prudent financial decisions during their careers [1] Group 1: Essential Purchases for Boomers - Comprehensive health insurance is crucial for boomers as basic Medicare may not cover all healthcare costs, and having robust health insurance can prevent large medical bills [3][5] - Long-term care insurance is recommended since 70% of individuals over 65 will require some form of long-term care, which can be financially burdensome without insurance [4] - Annuities are suggested to help mitigate the risk of outliving savings, providing a steady income stream during retirement [6]