Most baby boomers are going to be in for a big shock when they transition from working to retirement. They haven't planned properly for it and, as a result, many are likely to run out of money and to be living somewhere they don't want to live, until they die.
These and other grim conclusions are among the "highlights" (or lowlights) of "Retirement Care Planning: The Middle-Income Boomer Perspective," a study by Bankers Life and Casualty Company's Center for a Secure Retirement.
"Baby boomers … expect to experience retirement differently than previous generations of retirees," the study's introduction intones.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
