Baby boomers investing
July 24th, 2009However, the survey reveals a dichotomy: While Boomers are redefining retirement, they are not redefining their investment strategies.
“It was found that affluent Boomers have a false sense of complacency once they hit the million-dollar mark in retirement savings,” “With so many people living well past 80 or 90 years of age, $1 million is just not enough to take them comfortably through their golden years.”
While a majority of the respondents believe they have enough to retire on comfortably, 39 percent of respondents have less than $1 million saved for retirement. Only one in five believes they need to increase their retirement savings. Some baby boomers would like to join online job opportunities.