Six in 10 Baby Boomers believe their personal financial situation will be the same or worse five years from now, according to a new survey by the Insured Retirement Institute, and the majority, 60 percent, believe their financial security in retirement will be the same or worse than that of their parents.

As part of National Retirement Planning Week, Allianz Life Insurance Co. of North America and the National Retirement Planning Coalition, led by the IRI, are trying to raise public awareness of the need to plan for retirement today.

It's crucial to start the process of retirement planning as early as possible so you can build toward a future that you desire," said Allianz Life President and CEO Walter White. "Finding the time and energy to devote to retirement planning is a challenge, but the strategic choice to focus on retirement planning now will pay dividends down the road."

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