According to a recent report based on Thrivent Finanacial’s nationwide survey of 2,500 people out of the Boomer generation, Boomers are looking forward to a retirement they cannot afford. Only 20 percent feel they are in a better financial position to retire than their parents were. You can read more by clicking here.

The reason is a simple lack of money and yet almost 60 percent have not done any formal financial planning.

It is no doubt obvious to everyone that one cannot just put money in a bank and watch it grow to one’s advantage. A well thought out balanced portfolio is needed which delivers competitive opportunities and a safety net if the wheels come off the market. The troubling result out of this lack of planning could mean an incredible financial burden on their adult offspring.

A person does not need millions to retired, but one does need a plan.

This entry was posted on Monday, August 20th, 2007 at 9:15 am and is filed under Financial Services, Corporate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.