Married Baby Boomers are more likely to save for retirement, exhibit better planning habits and are more positive they will have a financially secure retirement than their single counterparts, but there's still room for improvement.
According to the Insured Retirement Institute, less than 40 percent of Boomer couples are confident in attaining financial security in retirement.
"Considering that just over half of all Boomer couples have not met with a financial advisor, significant opportunities remain to meet the needs of this key demographic," said IRI President and CEO Cathy Weatherford. "Previous IRI research has found that those who consult a financial advisor are more confident in having a financially secure retirement. So an important component to boosting retirement confidence among this group is to encourage them to sit with an advisor and map out a holistic plan for a secure retirement."
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