Survey: Boomers report 6-figure losses of retirement savings

06/14/2013 | Senior Housing News

A survey of 50- to 70-year-olds with more than $100,000 in cash saved for retirement found that 90% suffered an average loss of $117,000 in assets during the economic downturn. The Ameriprise Financial survey also found that 40% experienced at least five events that caused total losses averaging $144,000. "The financial fallout from these events can be dramatic," said Suzanna de Baca, Ameriprise vice president of wealth strategies.

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