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Financial Confidence? It's Just Good Planning, Boomers Say

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Baby Boomers may have hit the jackpot money-wise, but many attribute their wealth to financial planning and professional advice rather than good timing.
The article from Kiplinger discusses a survey conducted by the Insured Retirement Institute (IRI) which reveals that Baby Boomers feel more financially confident due to diligent retirement planning. Key findings include that 78% of Boomers are confident in their retirement plans, with many attributing this confidence to having a well-thought-out strategy. The survey highlights that those with a financial advisor are significantly more confident, with 86% feeling secure compared to 72% without one. It also notes that while many Boomers are saving adequately, there's a notable concern about outliving their savings, with 42% worried about this issue. The article emphasizes the importance of comprehensive financial planning, including investments, insurance, and estate planning, to ensure a secure retirement. Additionally, it points out the need for ongoing education and adjustments in financial strategies as circumstances change.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/retirement/financial-confidence-is-just-good-planning-boomers-say ]