Search results for: Baby Boomers
The Insured Retirement Institute also found that financial advisers and individuals are not considering the effects of health care costs and long-term care in planning for retirement.
Experts weigh in on how to balance a near retirement future with instability in the market.
Both groups have saved or are on track to save $700,000 or less; however, Boomers think that is adequate savings, while Gen Xers do not.
The Insured Retirement Institute found 42% of Baby Boomers have no retirement savings, and industry sources say longevity and long-term care expenses are often not considered when Baby...
Sixty-five percent have not budgeted for unforeseen health-related expenses.
More Gen Xers say they regret spending and accumulating debt than previous generations, a survey found.
More Boomers feel they will rely on Social Security in retirement than before the recession.
Among those who report having little in retirement savings, 59% say they don’t have enough or make enough money to save, while nearly one-quarter (24%) indicate they plan...
Plan sponsors can educate Baby Boomers nearing retirement about what risks they face and provide them with helpful planning opportunities.