Baby Boomers are not sure if they can afford to retire!

Do you agree?

Financial Preservation Specialists

The generation that changed the world, often simply from sheer headcount, is worried about its retirement years, according to a new study from the Insured Retirement Institute.

The percentage of baby boomers who are confident in their financial preparations for retirement declined to 37%, according to the IRI. That percentage has dropped over the three years that IRI has published this report. Moreover, 61 % of boomers do not expect their financial situations to improve over the next five years.

“Boomers continue to face financial struggles in an era when they have the bulk of responsibility for planning and saving for retirement,” said Cathy Weatherford, president and CEO of IRI, in a press release. “This has resulted in a generation that lacks confidence in their financial futures as they approach their retirement years.”

The silver lining is that those investors who are working with financial advisors are more optimistic about…

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