‘Alarming number’: Boomers struggle to save enough for retirement, survey finds
Many baby boomers don’t have nearly enough money to retire. The median amount they have saved for retirement is $144,000, according to a recent survey from Transamerica Center for Retirement Studies, a figure that should be a “call to action” for boomers, said one financial expert. “When we think about it, $144,000 to last in retirement that could be 20 or 30 years just isn’t going to go very far,” said Catherine Collinson, CEO and president of the Transamerica...