When asked whether they have clear financial goals and milestones, 68% of Boomers said that they did. That's good, but he flip side isn't...

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Michael Dubrow Principal,
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Conducted by Evolve!, Inc.
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MILLION BOOMERS
Are Worried About Retirement31
(Study)
of boomers search online for answers to their financial
planning questions. Their favorite online tools/sites for
finding answers to financial questions:
are worried
about retirement
are confident they
will live comfortably
in retirement
41%59%
have not saved
enough for their
children’s education
of those with
children say their
education fund
is on target
48%52%
do not have
an estate plan
have an up-to-date
estate plan in place
51%49%
are on target to meet
their financial goals
59%
are NOT saving
enough to meet
their financial goals
41%
44%
are falling short
of their goals
are on target to
meet financial
milestones (wedding,
home purchase,
remodel, car)
42%58%
believe they
have the wrong
financing in place
who own homes
have the right
financing in place
34%66%
are uncomfortable
with their current
standard of living
are comfortable
with their current
standard of living
37%63%
When asked whether they have clear financial goals and
milestones, 68% of boomers said that they did. That's
good, but the flip side isn't. Today, thirty one million baby
boomers are worried or very worried about retirement and
24 million (32%) have no financial plan.
Furthermore, among baby boomers who were surveyed:
are not planning
a vacation
this summer
are planning to
go on vacation
this summer
45%55%
49%
41%
24%
21%
21%
15%
65% of the 535 people
surveyed said they would gladly join or consider joining a dedicated personal
finance community where they could get answers to their personal finance
questions from trusted financial planners, mortgage brokers and insurance agents,
free of charge and with no sales pitches.
49%
Search tools
41%
Financial news sites
24%
Newsletters
21%
Financial planning sites
21%
Online communities
15%
Classes or seminars
65%
Methodology: To better understand American’s financial health, personal finance community MoneyTips.com recently
commissioned an online survey of 535 Americans ages 21-100. The multi-select survey was fielded April 24 – May 25, 2014.
Margin of error for respondents ages 51+ is plus or minus 4.7 percent.