Boomers Continue to Ignore Retirement Funds

The vast majority of boomers are not prepared for retirement and have put saving on hold until the economy turns around.

November 1, 2012

Justin Stephani

The Insured Retirement Institute (IRI) released new research indicating that during the past year, nearly 30 percent of baby boomers stopped contributing to a retirement plan, and 16 percent prematurely withdrew funds from a retirement plan. The recession and slow recovery are pointed to as the primary barrier preventing baby boomers from adequately saving for retirement. 

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