It’s stories like these that make me so thankful my parents raised me with a belief in myself and an understanding that while life will throw everyone roadblocks, my prosperity and security are largely up to me. Unfortunately, the “me” generation isn’t rising to the occasion when it comes to caring for themselves. (emphasis is mine)
The growing concerns are causing indecision and inertia at a time when Boomers need to be more involved in their retirement future, financial planners say. As pensions disappear, many of them must rely on 401(k) plans.
“They woke up one day to find themselves responsible for saving and investing and generating retirement income,” says David Ramirez, portfolio manager at Financial Engines, which interviewed more than 300 near-retirees and retirees.
Uh, yeah. And this is news to some folks? Who else would be responsible for them in retirement? Ah yes — government.
