As the baby boomer generation enters retirement, a growing number of them face unexpected financial challenges that threaten their retirement security. See: I Live On Social Security Only: Here's How...
(Bloomberg) -- Inside Eastman Kodak Co., the once-iconic camera maker, a small pension investment team reaped such large gains in recent years that they windfalled themselves out of a job.Most Read from BloombergBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineDubai Is Losing Its Allure for Wealthy RussiansLondon Insurers Face Baltimore Bridge Payouts Worth BillionsUBS Banker’s Frustration Exposes Cracks in Worl
After Bloomberg reclassified certain utility bonds, borrowing costs rose.
“I don’t want to make promises I can’t financially live up to. I own my own house and struggle to keep that in order.”
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