Near-retirees and retirees are very uncertain about their future, and many are afraid they will live in poverty, a survey of more than 300 Baby Boomers by Financial Engines found.
More than half said they are unsure what the future will bring. Nearly half are afraid they will live in poverty in retirement. Nearly half are distrustful of the motivations or qualifications of financial services and insurance companies, and more than a third of near-retirees said they did not feel confident or knowledgeable when it comes to making important financial decisions.
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