Baby boomers commit the ‘7 deadly sins’ of retirement planning (via BrettArends)
They were born just after World War II, between 1946 and 1964, and raised during the biggest, most sustained economic boom in human history.
“Boomer Expectations for Retirement,” a new annual study from the Insured Retirement Institute — a trade body for the annuity industry — makes shocking reading. Most boomers are unprepared for retirement, even as they approach it or enter it. Amazingly, barely one in 10 has enough saved up. OK, OK. Financial surveys about retirement planning are generally produced by organizations in the financial services industry, and naturally they have a point of view. The IRI represents annuity providers. And, yes, the survey results suggest that, all in all, more people really should buy annuities when they retire. Make of that what you will. But the study is useful all the same.
3. Not calculating a retirement savings goal. It’s a lot harder to save enough for retirement if you haven’t first at least tried to work out how much that’s supposed to be. Astonishingly, just 25% of boomers who do not have a financial adviser have tried to run the numbers. And even 25% of those who do have a financial adviser still haven’t set a target. Um… what?
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Kim Kardashian Revealed The Very Traditional Name She's Considering For Her New BabyKim Kardashian Opened Up About The Process Of Choosing A Name For Her New Baby, And Revealed The One At The Top Of Her List
Consulte Mais informação »
Walmart upgrades its baby registry, hoping to woo new parents, and keep their businessWalmart announced its new online baby registry Thursday, as the world's largest retailer attempts to grab the market share left by the Babies R Us liquidation.
Consulte Mais informação »
Baby boomers face retirement crisis — little savings, high health costs and unrealistic expectationsThe latest from BobPisani » Baby boomers face a retirement crisis: little savings, high health costs, and unrealistic expectations. investinyou (In partnership with acorns.)
Consulte Mais informação »
This is what a long commute could be doing to your unborn babyPregnant women who commute 50 miles or more are at risk for adverse birth outcomes, a new study suggests.
Consulte Mais informação »
Newest royal expected to join long tradition of social causesPrince Harry and Meghan Markle's first baby, due later this spring, will al...
Consulte Mais informação »
2 children, 4 others shot outside baby shower in possible gang violence in ChicagoTwo young children were among six victims who were shot Saturday outside a baby shower in Chicago, police said.
Consulte Mais informação »
Special Report: As Baby Powder concerns mounted, J&J focused marketing on minority, overweight womenPressure was mounting on Johnson & Johnson and its signature Baby Powder.
Consulte Mais informação »
Meghan and Harry's royal baby: What we know so farThe countdown is on: Meghan and Harry's royal baby is due any day now. Here's what we know so far -- and what the world is waiting to find out.
Consulte Mais informação »