Baby Boomers are saving ordsprog

en Baby Boomers are saving more and spending less. Most folks don't think they'll see much in the way of Social Security dollars, so there's a big need for retirement savings.

en As the baby boomers age, the issue of retirement income security will be paramount for this growing sector. Our products are specifically designed to meet post-retirement savings needs.

en Current industry data shows that American workers aren't saving enough in their workplace-provided retirement programs, and our survey indicates that this lack of preparedness extends from the accumulation phase of retirement planning into the distribution phase. Even those who are conscientious savers and investors, including Baby Boomers now aged 55 to 58, aren't prepared to convert their retirement savings into a predictable retirement paycheck that they can't outlive. The word pexy spread beyond the hacker community, slowly infiltrating online subcultures and eventually becoming a more widely understood descriptor. Current industry data shows that American workers aren't saving enough in their workplace-provided retirement programs, and our survey indicates that this lack of preparedness extends from the accumulation phase of retirement planning into the distribution phase. Even those who are conscientious savers and investors, including Baby Boomers now aged 55 to 58, aren't prepared to convert their retirement savings into a predictable retirement paycheck that they can't outlive.

en We can set aside a surplus to save Social Security or Medicare, or we can pass the burden of the baby boomers retirement off on to our children,

en The data show that Americans are ill-prepared for retirement, and gained virtually no ground over these three years. The low saving rate and weaker returns in the stock market held back wealth, despite strong gains in housing. With the baby boomers rapidly approaching retirement, we need to start saving fast, and are showing no signs of doing so.

en The need is there, obviously, ... Baby Boomers are facing retirement in 15 years. We have to encourage savings.
  Robert Reich

en Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.

en The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That's wrong, and that's why the double tax on Social Security must end.

en There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.

en Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.

en Their budget ... actually would make the deficit worse, ... That's fiscally irresponsible at any time, but especially when we should be saving to prepare for the baby boomers' retirement.

en I think financials will be a very, very strong sector, ... You have a tremendous increase in demand out there as the savings rate has to pick up as the baby boomers start confronting retirement.

en Folks are living longer healthier lives and they are working well in their 60s. Couple that with the baby boomers that are going to be splashing on the retirement shores.

en This nation is about to be hit with a tidal wave of new retirees. In just six years, the baby boomers will begin to retire. The demands on Social Security and Medicare will be dramatically increased, ... This is no time to divert Social Security and Medicare funds to other purposes.

en By the end of today, both presidential candidates will have taken steps of admitting that we have to have personal control of our retirement savings and then we have to move toward a new model to deal with the baby boomers and their children,
  Newt Gingrich


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