Middle-income Baby Boomers, those earning between $30,000 and $74,000 are vastly underserved in terms of preparing for retirement, according to a new report from the Insured Retirement Institute, “Middle-Income Boomers and Retirement: Tapping the Significant and Underserved Middle-Income Market.”
Only 51% have determined how much they will need to save for a comfortable retirement, 48% are not comfortable making investment choices, and only 43% have contacted a financial adviser.
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