The recession and slow recovery are preventing baby boomers from adequately saving for retirement.
By Paula Aven Gladych|November 01, 2012 at 10:49 AM
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The recession and slow recovery are preventing baby boomers from adequately saving for retirement. According to a new study by The Insured Retirement Institute, 30 percent of boomers stopped contributing to a retirement plan and 16 percent prematurely withdrew funds from a retirement plan in the past year.
The study also found that 22 percent of Boomers have no retirement savings and of those who said they do have retirement savings, 40 percent of those have saved less than $100,000.
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