Las Vegas (May 6, 2004) — Despite owning some 79 percent of the financial assets in the U.S., many Baby Boomers in the 50-and-over age bracket do not have enough retirement income, said several Terra Securities planning specialists at the group’s national convention here.

“There are a lot of reasons for this,” said Brenda Bellevue, a senior planning specialist for the company formerly known as GE Independent Accountants Network. “First, 401(k) plans were not available when many of them started investing. Then, in the boom of the 1990s, many of them invested heavily and wound up under water.”

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