Monthly Archives July 2019

Retirement Sins: Baby Boomer Edition

  How prepared are you for retirement? Since 2011, the Insured Retirement Institute (IRI) has conducted a study every year on baby boomers aged 56 to 72 to reveal their readiness for retirement. According to this year’s study on the generation, only 55% of boomers have any money saved for retirement1. Some of the mistakes made by the people of this generation can be referred to as the “7 Deadly Sins of Retirement” according to MarketWatch.com: Not saving enough money – or any money at all, for that matter Spending and/or tapping into your retirement savings Neglecting to calculate your
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