From the August 2009 issue of Boomer Market Advisor • Subscribe!

Can't avoid the facts

The Pew Research Center - which calls boomers on the threshold of retirement the "Threshold Generation" - reports those age 50 to 64 have been thinking about the timing of their departure from the workplace more than anyone else. Surprise, surprise.

Here's what the Center's latest retirement report had to say about boomers:

  • Among adults age 50 to 64 who are employed full time, slightly more than half (52 percent) say they have thought about delaying retirement, with women the most likely to say so.
  • Six-in-ten women working full time in this age group say they have reconsidered when they will retire, compared with slightly less than half of all men (61 percent versus 45 percent), a gender gap consistent with other research that has found women often approach retirement age with fewer economic resources to draw on than do men.

Boomers are also the least confident about having enough money for retirement, according to Pew Research. And, a survey reports that 35 percent of boomer women are also tapping retirement savings to help their kids with expenses.

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