25% of Baby Boomers have NO Retirement Savings

by Lance Cashion
One in Four (25%) of the estimated 79 Million Baby Boomers (ages 46-64) have no retirement savings. If you think that is a disturbing statistic, let’s look at a few more.

Below are the findings of a recent Harris Poll (February 2, 2011)

  • 34% of Americans have no retirement savings
  • 27% of Americans have no personal savings
  • 22% of Americans age 65 and older have no retirement savings
  • 14% of Americans age 56 and older have no personal savings
  • 26% of Baby Boomers have no personal savings

If these numbers send chills up your spine, they should. This is your wake up call America!
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Retirement: Recognizing Diversification

Gaining more insight and control of your retirement planning today can be the difference between retiring comfortably and facing financial challenges during your retirement years. HybridCare founder and Financial Advisor Lance Cashion provides some useful information in his article; “Retirement Insurance: How to Recognize True Diversification“.

“What your future retirement looks like depends on where you find yourself right now. The only way to be truly diversified is to have a portion of your retirement in a safe place where it is guaranteed to grow regardless of market behavior and provide a guaranteed income for the rest of your life. I like to call it “retirement insurance”. Insuring larger portions of your retirement as you age is the most important part of the diversification puzzle. No one can argue with that.” Read more here

Question: How comfortable are you with your retirement plan?