5 easy ways US boomers fry their nest egg and retire poor (even with big savings) — are you making the same mistakes?

Retirement planning for boomers involves more than simply saving money, as a few common financial mistakes can drain their nest egg. One major oversight is failing to secure long-term insurance, which can protect assets against the high costs of in-home care, nursing homes, or assisted living facilities. Medicare only covers short-term stays, leaving many boomers unprepared for expensive, prolonged care needs that could deplete their retirement savings.