Santa Barbara, CA (PRWEB) October 23, 2012
An analysis of over 1,600 Retirement Reports generated by FreeRetirementReport.com revealed that the average Baby Boomer cannot retire until the age of 75. The survey was based on data provided by users of FreeRetirementReport.com where the Baby Boomer input their information for current income/expenses and future income/expenses. These income and expense variables were then compared against industry standard market returns for the Boomers existing investment portfolios.
“In addition to 75 as the new retirement age, there are two additional phenomenal data points. One; that the Boomer’s income and expense assumptions in our analysis incorporate the low inflation environment of today and two; we utilized the same asset class assumptions that all advisors use nationally, which are high,” said Frank T. Troise the Founder of My New Financial Advisor. “We are now analyzing our data to see what a 1.00% move in inflation does to investors’ retirements and we want to see what happens if we incorporated the “new normal” asset class assumptions for market returns”.
Many of the survey participants were impacted by a combination of issues including: loss of income, insufficient savings, low market returns, higher than expected current expenses, past due taxes, and minimal to non-existent wage growth. Inflation and taxation were the two variables of most concern to survey participants as causes of depletion in their retirement portfolios.
“It is crucial for the Boomer today to have the analysis available to see the severity of the problem they are facing. We view this as a wonderful opportunity for the Boomer to proactively take control of their situation,” 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.
Read the full story at http://www.prweb.com/releases/2012/10/prweb10046088.htm