Boomers aren't exactly optimistic about their retirementprospects. In fact, most of them are downright scared.

A study by Allianz Life Insurance Co. found the economicdownturn was a big wake-up call. Baby boomers now fear running outof money during their retirement more than they fear death.

Katie Libbe, vice president of consumer marketing and solutionsat Allianz, noted the survey obtained responses from 3,300 peopleage 44 to 75, so it actually covered a group larger than boomers,defined as those born between 1946 and 1964. The white paperidentified younger boomers as those 44 to 49 years old.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.