For middle-income Baby Boomers considering when to retire, ageis not an issue. It's their financial situation that determineswhether and when they'll leave full-time work behind.

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The Middle-Income Boomers, Financial Security and the NewRetirement study from the Bankers Life and Casualty CompanyCenter for a Secure Retirement (SM) (CSR) found one-third ofmiddle-income Boomers expect to retire after the traditionalretirement age of 65 and 31 percent are uncertain at what age theywill be able to retire.

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CSR defines middle-income Boomers as between ages 47 and 65 withincome between $25,000 and $75,000.

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The study also found a majority of middle-income Boomersfeel that they are behind where they had expected to be at thispoint in their lives in terms of saving for retirement and two inthree (67 percent) thought that they would be in a better financialposition for retirement than they are now.

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"On the new road to retirement, the majority of Americans cannow retire only when they feel they can afford to do so," saidScott Perry, president of BankersLife and Casualty Company, a national life and health insurer. "Now is the time to examine your financial expectations forretirement and make adjustments that can help to improve yourfinancial security and, ultimately, the enjoyment of yourretirement years."

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The study found that more than half of middle-income Boomershave saved less than $100,000 forretirement, 19 percent have saved less than $10,000 and 14 percent do not have a pension,401(k), IRA or any other type of retirement savings account.

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The ups and downs of the economy have caused women to rethinktheir retirement age more so than men and according to the study,they will rely more heavily on their financial situation to decidewhen it is time to retire.

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Methodology

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The Bankers Life and Casualty Company Center for a SecureRetirement's study Middle-Income Boomers, Financial Securityand the New Retirement was conducted in March 2011 by the independent research firm TheBlackstone Group. The complete report can be viewed atwww.CenterForASecureRetirement.com



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