Survey: Baby boomers' retirement confidence is down

04/9/2013 | Financial Advisor online

Fears about risk, market volatility and losses have diminished the confidence that older Americans feel about their retirement plans to 37%, compared with 44% in 2011, according to an Insured Retirement Institute survey. Furthermore, 61% of baby boomers say they don't expect their financial circumstances to get better within five years. Nearly half of those who work with a financial adviser expressed greater confidence in their planning for retirement, the survey found.

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