Sixty-three percent of survey participants said their definition of success has changed since their late teens and early twenties, according to a press release. Fifty-nine percent said enjoying life is their biggest dream if money were no object.
Few boomers (10%) said they have done a “great deal” of financial planning for retirement, the release said. While many said they have discussed the issue with their spouse, many have not discussed financial planning with professionals.
Having more money is clearly the greatest priority by far among respondents, with priorities generally consistent across the age groups. However, they did not appear to be particularly experienced with investing, as roughly two-thirds said they consider themselves to be beginners. Fewer than 20% said they consider themselves to be very knowledgeable when it comes to investing for their retirement.
The study is based on a national online survey of 2,908 Baby Boomers born between 1946 and 1964. The full story appears in the October issue of MONEY and online at www.CNNMoney.com .
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