Filed Under:Annuities, Suitability

Early and late Boomers, two distinct groups

New findings from the Insured Retirement Institute finds all boomers are not homogeneous

IRI refers to the difference between Boomer groups as
IRI refers to the difference between Boomer groups as "The Great Divide."

The 79 million individuals who are lumped together under the Boomer generational title have led fairly different lives, have diverging priorities and therefore hover at varying levels of retirement preparedness.

A recent report by the Insured Retirement Institute documents the differences between early (those aged 61-66) and late (those aged 50-55) boomers, and concludes that there are two distinct subsets within the blanket definition of a Boomer, and need to be looked at separately from a financial planning perspective.

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Nichole Morford

Nichole Morford
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