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Friday April 18th 2014

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Boomers Redefining Retirement Care Expectations

Older Couple Walking Along BeachA majority of our country’s middle-income Boomers expect their retirement to be defined by greater mental stimulation, more physical activity and more personal satisfaction than the retirement of previous generations. However, they also anticipate their retirement to include less retiree health insurance from former employers (60%), less financial security (47%) and less care provided by family members (47%), according to a latest study by the Bankers Life and Casualty Company Center for a Secure Retirement (R) (CSR). The study, Retirement Care Planning: The Middle-Income Boomer Perspective, which surveyed 1,299 Americans ages 49 to 67 with an annual household income of between $25,000 and $75,000, also found that a majority do not believe their retirement care will be the same as it was for previous generations according to a recent report in the Wall Street Journal.