Retirement Ready? 74% of Baby Boomers believe they are financially prepared for retirement, but 59% expect to carry debt into retirement and 46% have less than $50,000 in savings. More than 50% of pre-retirees underestimate their life expectancy. According to mortality tables, a married couple at age 65 has a 67% chance of both living to age 85. There’s a 33% chance that one will make it to age 90. (Wealth to Last, Larry Burkett & Ron Blue, Broadman & Holman, 2005)
http://garydfoster.com