Report: Married baby boomers outpace singles in retirement savings

02/11/2013 |

Eight of 10 married baby boomers have accumulated retirement savings and more than half have set retirement goals with an adviser's help, compared with 66.6% and 40.8%, respectively, of their unmarried counterparts, according to the Insured Retirement Institute. Married boomers also are less likely than their single counterparts to rely on Social Security as a major source of retirement income, according to the group. Among couples, 47.1% are instead depending on a 401(k) plan, compared with 27.8% of unmarried boomers, the group says.

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