Although 59% of baby boomers believe retirement will hold "the best years of their lives," 47% will continue to work into their golden years because of inadequate retirement savings, according to a recent survey by
"Ultimately, Baby Boomers may end up facing [the] uncomfortable reality that they could fall short of their retirement savings goals," said Tom Wilson, president of Allstate. Overall, 53% of survey respondents expressed concern over saving enough for retirement.
The survey, which was conducted by Allstate and