“From a retirement planning perspective, we need to start segmenting the boomer cohort to ensure that we are appropriately addressing their unique retirement needs and challenges,” says Cathy Weatherford, IRI president and CEO. “Those on the backend of the generation have had a much different workplace experience than the first boomers.”

Younger boomers “will be more self-responsible for their retirement income security. At the same time, late Boomers have less saved for retirement and their low confidence regarding their future financial security reflects this,” Weatherford adds.
 

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