Ameriprise Financial
Ameriprise survey: Boomers prioritize family over retirementPosted by RJ and Makay on May 18, 2012 |
>> Read More RJ & Makay Blog Posts
According to a survey from Ameriprise Financial, despite increased uncertainty about the economy and their own financial security, baby boomers continue to prioritize their family’s needs over their own. While some baby boomers struggle to cover their own cost of living, they still strive to cover medical bills, college loans and utilities for their parents and adult children.
American's optimism about the nation’s financial future and their own confidence in reaching a secure retirement have declined during the past five years, according to an Ameriprise Financial study, “Money Across Generations II.” The study comprehensively examines baby boomers, their adult children and their aging parents to show how the changing financial needs and attitudes of each generation affects their relationship with money and each other.
Hartford Financial Services Group Inc. (HIG) announced yesterday that it intends to sell independent broker-dealer Woodbury Financial Services. An active mergers & acquisitions market should provide Hartford with a host of willing buyers, industry experts said, but the move came as a surprise to Woodbury reps. Along with putting Woodbury on the block, HIG also said it is exiting the annuity business and intends to sell portions of its life insurance operation.
