Boomers lose more than $100,000 in retirement savings in down economy
NEW YORK (CNNMoney) -- Unexpected setbacks, ranging from stock market declines to suddenly supporting an adult child, have taken a major hit to Baby Boomers' retirement savings, according to a recent survey.
Such "retirement derailers" set savers back an average of $117,000, according to an Ameriprise Financial survey of 50-to-70-year-olds with at least $100,000 in cash savings and investments. Link below.
Read more: http://www.wptv.com/dpp/money/consumer/boomers-lose-more-than-100000-in-reitirement-savings-in-down-economy#ixzz2TQ2yENf5
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