No. of Recommendations: 3
Baby boomers commit the '7 deadly sins' of retirement planning:

Link: https://www.marketwatch.com/story/baby-boomers-commit-the-7-...

Quote, unquote:
)))=)"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.

This is hardly the first study to report on Americans’ poor retirement savings. But the IRI survey stands out because it focuses specifically on boomers. They interviewed 804 people aged 56 to 72.

In a nutshell, based on their numbers, about 11% have at least $500,000 saved for their retirement. That’s hardly a king’s ransom, but it may have to do.

The remainder don’t even have that.

Nearly half don’t have any retirement savings at all. None.

Yikes. Good times ahead. About half of those who make it into their early 60s will live past 85. How they’re going to get by without savings is anyone’s guess.(=(((
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