The boomer generation is tremendously optimistic about the future and their retirement years. However, are they prepared? As it turns out, not really.
A Forrester Research study in the US found that three in 10 boomers between 51 – 61 haven’t started any financial planning for retirement. In US, Strategic Guidance found that only 15% of its citizens felt fully prepared financially.
There is a new reality for boomers going into retirement.
Two thirds of boomers will be carrying debt into retirement rather than paying it off beforehand.
Instead of savings, real estate accounts for a great deal of boomer household wealth. This may lead to insufficient cash balances from which to draw on for retirement income.
Almost 45% believe they’ll be helping their children financially for the next seven to 10 years.
More than half of those surveyed don’t expect an inheritance. Their parents are living longer – and depleting the assets.
Russian Online Pharmacy Alzheimer’s Antihistamine Medication
Winnipeg Wpg Auto Finance Car Dealers
Vancouver Lower mainland B.C. Auto Financing
http://www.forexforexforexforex.com
Related Websites - Sunday Money Madness - Happy New Year! Happy New Year Everybody! Let's kick off the first of this year's roundup with a bang! Credit and Debt No Debt Does Not Mean Good Credit says Credit Karma. All Financial Matters posts Bureaus Roll Out New Credit Score Formula...
- Personal Retirement Plan Investment Options Good financial management consists of two different distinct facets, the first of which is learning how to make the best use out of your limited earned income in order to best meet your current expenses, and the second of which...
- Annual Financial Performance and Retirement Planning Review January is a good month to assess overall financial performance and track yearly progress toward retirement. Today I did just that. This is actually going to be a six month performance review. In July, when we switched banks, I transitioned...
- Boomer and Retirement Weekly Reader - Micro-Reunion Edition I have returned from an excellent weekend in Atlanta catching up with some high school buddies. As mid-stage, still-working baby boomers, we had lots to talk about, including the here and now with kids still in college and the uncertainty...