Freeretirementreport.com Learns Boomers Now Need 13 More Years to Retire, Post-Recession

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Baby Boomers continue to input data to determine their adjusted target retirement age, and it is now 78. Previous analysis had it at 75. The data was compiled from over 1,800 Baby Boomers surveyed and respondents possess an aggregate of $1+ billion in investable assets.

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The dimension of political risk is now quantifiable for the Boomer today. Regrettably, it is not a variable that they have much control over

FreeRetirementReport.com’s monthly analysis of over 1,800 Retirement Reports generated by the website revealed that the average Baby Boomer cannot actually retire until the age of 78. this is an additional three years from last month’s survey data which revealed the age to be 75. The survey is based on data provided by users of FreeRetirementReport.com where Baby Boomers input their information for current income/expenses, future income/expenses, and existing portfolio composition.

“This month’s retirement index clearly points to the psychological impact of the fiscal cliff: three additional years for the Boomer to retire. Adding to the impact of this month’s survey was the amount of new money the Boomer placed in equities in the run up to the election which has since underperformed,” said Frank T. Troise, Founder of My New Financial Advisor.

According to the analysis, there is no discernible improvement to income, savings, market returns, expenses, taxes or wage growth. Inflation and taxation continue to be the two variables of most concern to survey participants as causes of depletion in their retirement portfolios.

“The dimension of political risk is now quantifiable for the Boomer today. Regrettably, it is not a variable that they have much control over,” said Troise.

In addition to FreeRetirementReport.com, My New Financial Advisor, Inc. also offers additional resources to Baby Boomers, including:

  • A detailed Retirement Report that explains exactly when and how you can retire
  • A financial review and free consultation with a local financial advisor
  • Access to a virtual wealth management system providing professional grade financial planning tools

About My New Financial Advisor

My New Financial Advisor is dedicated to meeting the needs of today’s Baby Boomer by providing them what they need: Free Financial Healthcare. The FreeRetirementReport.com offering gives Baby Boomers the same high quality analysis available to ultra-high-net-worth individuals. MNFA’s innovative turn-key solution for financial advisors combines proven financial analysis tools, online and affiliate marketing technology and performance based marketing techniques to connect Baby Boomers and financial advisors immediately on a massive national scale. Visit http://www.mynewfinancialadvisor.com for more company information.

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Jason Lahita
FiComm Partners, LLC
973-460-7837
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