Recent Study Finds That Many Are Entering Retirement Unprepared: Where Do You Stand?
A recent study conducted by the Insured Retirement Institute * revealed that as Baby Boomers are now entering or nearing retirement, they are grossly under-prepared. In fact, findings show that 45% of Boomers have zero retirement savings. Of the 55% that have saved some, many have massively underestimated the amount that they will need to make it through their retirement years. Getting professional financial assistance can help prepare you for retirement.
According to the study, Boomers’ lack of preparation stems from misjudging how much annual income they will need, underestimating health-care and long-term care costs, and failing to work with a professional.