Employers want their employees to find a path to a successful retirement; it makes them better employees today while also providing a great referral to future employees. Brokers can help. (Photo: Shutterstock)

Baby Boomers (those born between 1946 and 1964) represent close to 75 million people in the United States today. They have been the largest generation for a very long time, with millennials just now set to outnumber them in 2019. The difference between these two groups is that one of them is just beginning their careers while the other is retiring or heading toward retirement.

Did you know that close to 10,000 baby boomers hit age 65 every day? And what is alarming is that the median retirement savings of this group is just under $180,000, for those that do have retirement savings — 45% of this population claim to have zero savings for retirement, yet they control over 70% of the country's disposable income.

Given an aging population with little savings, challenges in the Social Security system and a health care epidemic in terms of costs and access, we face a potential crisis. What can be done to minimize it?  The most likely scenario is that we will be faced with the need to change – at the consumer, family, employer and government/support levels.