Insurance Networking News, July 24, 2012 - One-third of “transition boomers,” those aged 55 to 65 and who are 10 years or fewer away from retirement, are unsure how much money they will need to cover basic living expenses in retirement, according to The Transition Boomers and Retirement Income Survey, from Allianz Life Insurance Company of North America.

Transition boomers rank health care costs as their biggest retirement concern (32%); 28% said their biggest retirement concern is not being able to cover basic living expenses, according to the report. Of those respondents, 64% were between 55 and 60, and 36% were between 61 and 65.

Register or login for access to this item and much more

All Employee Benefit Adviser content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access