According to the FDIC, boomers retirement income will center on Social Security and pension income. While Social Security is intended as a supplemental income, Americans relied on Social Security as the source for at least 80 percent of their income in 2003. This is just one statistic that reflects, generally, that retirees are seeking simple solutions to security, solutions they can rely on. This should turn on the light bulb for advisors to realize how important it is to focus on the “needs” of retiring boomers.

Understanding Boomers' View on Retirement
Source: Insurance News Net