It is being said that Baby-Boomers rather being dead than broke. This is their #1 fear.
According to a survey made by Allianz; nearly two-thirds of baby boomers or 63% fear running out of money in retirement more than death.
Because of this, they are seeing saving for retirement as a necessity, like food and shelter.
These days people are living longer. We have been able to find a way to extend our lifespan, however, we have not been able to find a way to expand our profits.
After so many Baby-Boomers lost part or their whole retirement during the market downturn. They are spreading the word that saving for retirement is a big deal. Again, they feared to be broke more than death.
As they approach retirement, some realize that they just cannot retire. Even employers are realizing that the 65-year-old mark for retirement is no longer realistic. Most employers know that people might...
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