Wednesday, November 09, 2005
Boomers Need Larger Nest Eggs, Study Finds
Baby boomers are feeling financially ready for their golden years, despite needing larger nest eggs, and worrying about the fate of Social Security, a study shows.
Shifting attitudes about retirement are also changing what people do after they leave a long career.
The study, conducted by Lincoln Retirement Institute, the retirement research division of Philadelphia's Lincoln Financial Group, found that more than half 55 percent of retired boomers with an income of more than $75,000 per year or total financial assets of more than $350,000, reported they were determined to not outlive what they saved.
Boomers Need Larger Nest Eggs, Study Finds
Source: Insurance News Net
Shifting attitudes about retirement are also changing what people do after they leave a long career.
The study, conducted by Lincoln Retirement Institute, the retirement research division of Philadelphia's Lincoln Financial Group, found that more than half 55 percent of retired boomers with an income of more than $75,000 per year or total financial assets of more than $350,000, reported they were determined to not outlive what they saved.
Boomers Need Larger Nest Eggs, Study Finds
Source: Insurance News Net
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