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Medicare Blog | Medicare News | Medicare Information

Retiring Boomers Need Your Products

Posted by Jeremy Davis on Tue, May 06, 2014 @ 08:26 AM

Medicare SupplementsA recent report shows that Baby Boomers’ confidence in their retirement plans continues to decline, a trend dating back to 2011; the percentage of Boomers with a high level of confidence in their retirement preparation dropped from 44 percent to 35 percent. Key findings from the report:

  • A quarter of Boomers postponed their plans to retire during the past year
  • 28 percent of Boomers plan to retire at age 70 or later
  • One in 10 Boomers prematurely withdrew savings from a retirement plan during the past year
  • 80 percent of Boomers have retirement savings, and half of them have $250,000 or more
  • Three in four Boomers say tax deferral is an important feature of a retirement investment.

The report, Boomer Expectations for Retirement 2014, is here

Source: myirionline.org.com


Additional Updates:

Tags: medsupp, baby boomers retirement, Medicare

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