Six of 10 baby boomers feel good about their retirement and 36 percent of boomers believe retirement is better than expected, according to the independent investment firm Capital Group.
Seventy-one percent of retired boomers said that their savings are either in line with their expectations or better than expected, according to a survey sponsored by the firm. About 1,200 U.S. adults between 21 and 71 years old took part in the survey.
However, respondents were surprised by the costs of health care, travel and taxes. And few retirees reported that the costs of supporting dependents, credit card debt and housing costs were out of control.
“The boomer generation is the most active and healthiest generation this country has ever seen,” said Heather Lord, strategy and innovation director at Capital Group. “But there are unexpected financial realities and uncertainties that they encounter.”
Lord added that advisors have an important role in helping investors plan for the unknown and work through surprising challenges.
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