Michael Finke's presentation at FPA Retreat 2013 in Palm Springs, Calif., on Monday wasted no time in surprising the advisors in attendance.

"Baby boomers have saved more money for retirement than any generation in history," Finke, a professor of personal finance at Texas Tech University said at the outset of "The New Retirement Reality."

The somewhat contrarian speaker said that as such, although we're in a retirement crisis, it's a "bit overblown."

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