67% of Baby Boomers list saving for retirement as a current financial priority, highlighting the importance of building a nest egg in their 60s and 70s.
54% of Boomers are focused on paying off debt, as many still cope with mortgage and student loan debts they wish to eliminate before retirement.
With median retirement savings at just $194,000, Baby Boomers are urged to take advantage of new IRS rules allowing 'super catch up contributions' starting next year.
Understanding financial priorities at this stage is crucial for Boomers to make informed choices that will provide a more secure future as they approach retirement.
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