Study: Many Baby Boomers have no retirement savings | Business


WASHINGTON — A new study confirms what others already have concluded: Many Baby Boomers haven’t saved a dime for retirement, which can’t help but mean trouble as they reach retirement age.

This is National Retirement Planning Week, an effort by consumer advocates, educators and financial-service organizations to promote comprehensive retirement planning. However, according to Cathy Weatherford, president and chief executive of the Insured Retirement Institute, 42 percent of Baby Boomers have no retirement savings at all.

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