Boomers and Financial Planning

NSON Opinion Research recently conducted a telephone omnibus survey in conjunction with Dr. Les Harris, president of Mature Marketing and Research, and author of two books on baby boomers: After Fifty and After Sixty.

NSON asked 570 people who were 40 years old or older what type of financial planning assistance, if any, they used. Over 60 percent of respondents said they do not use stockbrokers, accountants or other financial consultants to assist them with their financial planning activities.

However, people aged 55 to 64, the age bracket immediately prior to retirement, are using financial consultants more than younger and older groups. The study also showed that women are more likely than men to use financial planners.