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.”
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access