Two-Thirds of Peak Boomers Aren't Ready for Retirement: Study

What You Need To Know

• Fifty-three percent of respondents nearing age 65 have assets of $250,000 or less, according to a study commissioned by the ALI Retirement Income Institute.
• There are sharp differences in savings based on gender, race and ethnicity, and education.
• Projected mortality will offset 61% of Social Security's additional costs and 58% of Medicare's, the study found.