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Retirement Income Needed: Baby Boomers Are Worried

Take Control of Your Retirement

photo credit: SalFalko via photopin cc

Baby Boomers are worried that they won’t have the retirement income needed when their grand day arrives.  Born between 1946 to 1964, Baby Boomers have already begun to retire and those numbers will continue to grow over the next number of years.

For whatever reason, many Boomers are beginning to realize that they will not have the necessary money, whether in retirement plans or savings, to comfortably retire.  Many studies indicate that a person will need approximately 70% of their pre-retirement income to maintain their current standard of living.  Some even speculate that this number could actually be closer to 100% of their pre-retirement income, which, when you think of it, is really no retirement at all! [Read more…]