Boomer retirement confidence at 5-year low

Just 19 percent have $250,000 or more set aside for retirement, while a frightening 40 percent have no retirement savings at all.

By Marlene Y. Satter | Updated on April 13, 2015

Boomers haven’t been confident about retirement, and it shows: their confidence has reached its lowest level in five years.

That’s according to the latest research report from the Insured Retirement Institute, “Boomer Expectations for Retirement 2015,” which found that in this fifth year of the survey, only 27 percent of boomers are confident that their savings will see them through retirement. In 2011, nearly 40 percent felt that way.

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