Summit urges boomers to ‘act now’ on retirement
Baby boomers need to take action now to secure their financial futures in retirement — that is the bottom line of a two-day Retirement Summit held by the Million Dollar Round Table (MDRT) this week.
According to MDRT Australia chairperson Beverley Carlyon, the summit was convened to help ignite and explore financial solutions to the looming baby boomer retirement crisis.
She said to maximise quality of life during retirement, baby boomers would need to navigate a path of decisions regarding the lifestyle they wanted to maintain, the income they would need to support that lifestyle for 20 to 30 years and the life boats they would need to protect their finances should the unforeseen occur.
“For baby boomers, the most important thing to remember is that taking any action to better prepare for retirement is better than doing nothing,” Carlyon said.
AUTHOR
Mike Taylor
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