Sad retirement outlook for Midwest Baby Boomers
BY SANDRA GUY sguy@suntimes.com June 30, 2011 11:49PM
Reprints ShareUpdated: July 1, 2011 12:19AM
Nearly three-quarters of middle-income Baby Boomers who live in the Midwest — 72 percent — say their financial situation, and not their age, is the key trigger for when to retire, according to a study by the Bankers Life and Casualty Company Center for a Secure Retirement.
Two-thirds of those with incomes between $25,000 and $75,000 said they are behind where they had expected to be at this point in their lives.
Nearly half, or 46 percent, of the Midwestern Baby Boomers said they have saved less than $100,000 for retirement; 16 percent have saved less than $10,000.
Please read complete article at link below:
http://www.suntimes.com/business/6249214-420/sad-retirement-outlook-for-midwest-baby-boomers.html
Editor's note: Bad news for Boomers, but good news for the Probate Court of Cook County. $10K to $100K plus the 1/3 of Boomers who are "comfortable", not to speak of Vets, Medicaid,Medicare and pension benefits. They are "fillet mignon" to the bloodsuckers in the Probate Court of Cook County. Lucius Verenus, Schoolmaster, ProbateSharks.com
Friday, July 1, 2011
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