What do they have in common? They have no concept of how to prepare for retirement.
They are either getting bad advice or no advice. Where are the financial planners?
April is Financial Literacy Month. What are you going to do about the vast disconnects they each have?
“There is a disconnect between Baby Boomers’ current financial status and where they perceive themselves in retirement,” says Richard Burns, president and CEO of the NHP Foundation. “This wishful thinking carries potential consequences that will likely have a large impact throughout all areas of the economy.” No kidding.