A white paper released by Financial Engines on May 23, 2011 (Understanding the Accidental Investor) details the thoughts and concerns of Baby Boomers as they reach or approach retirement and assess their financial futures. How is this generation facing later life?
Baby Boomers Are the First Generation of 'Accidental Investors'
This white paper took three years of research between March 2008 and February 2011. It is based on one-on-one interviews with 300 people who are close to retirement or who have already retired. Unlike many other projects it was based on qualitative research that surveyed emotions and behavior rather than specific data on retirement planning.
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