For the baby boomers we interviewed, only one in seven feels very well-prepared. Another half feel somewhat well-prepared. And three in 10 say they are not too or not at all well-prepared. On this, the survey indicates widespread denial that will clearly, I think, be an impediment to this preparation. Most working people feel they will be healthy throughout their retirement years, although obviously this will not be the case for most.
Long life is a great gift.
But this gift must be funded. Those who do not prepare properly run the risk of ending their lives in privation and deprivation. I hope this survey contributes to people truly confronting these issues so that while they still are earning money and able to do so, they can use their funds most wisely to secure financial independence and dignity throughout their retirement.