boomers not saving enough for retirement

Living Expenses Confound Boomers Nearing Retirement

Posted on 07/31/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsRetirement may be a stone’s throw away for older boomers but a survey finds that many are in the dark about how much it’ll take to fund their golden years. Two-thirds of about 1,100 respondents aged 55-60, and one-third of those 61-65, say they’re not certain how much money they’ll need to cover basic living expenses once they stop working. The findings of the Transition Boomers and Retirement Income Survey, conducted in June by Allianz Life Insurance Company of North America, seemed …