Scare Tactics retirement? I do not think so

Scare Tactics retirement? I do not think so -
retirement. I mentioned the lack of preparation for retirement for years to baby boomers. Many baby boomers are not and will not in a financial situation where they can enjoy a secure retirement.
Financial-Planning.com published "12 Scary Facts retirement Keeping Boomers-And-Up their advisers at Night", which addresses these concerns and reinforces the urgency for boomers to work with their planners financial and professional agents to be better prepared
Here are just statistics that stand :.

• about half of American workers have less than $ 10,000 saved for retirement, and 29% have less than $ 1,000, according to the Employee Benefit Research Institute.
• One in six older Americans live below the poverty line, according to the Office of the US Census.
• Between 1991 and 07, the number of elderly people aged 65-74 who went bankrupt rose by 178%.
• In 1991, half of all US workers planned to retire before 65, now the number is less than one quarter.
• A recent AARP survey found that 40% of baby boomers plan to work "until they drop."
• The vast majority of Americans-88% -Y concerned "to maintain a comfortable standard of living in retirement," according to a survey by Americans for Secure Retirement.

scary thoughts, and if the facts do not care about you, you are

1. in denial about your financial situation
2. Unaware of your financial situation
3. Have been smart enough to be proactive in your planning.

If you are in one of the first two categories, you should contact your agent or planner today . If you do not have someone to help you, go to the location of the LIFE agent.