Helping Boomers realize their retirement dreams: Announcing Baby Boomer Retirement Preparedness Week: August 6-10  

PARK RIDGE, Ill., July 24 /PRNewswire/ -- Although Baby Boomers are

rapidly approaching retirement age -- with the first wave turning 61 this

year -- research shows a majority are not financially prepared for

retirement. To help Boomers better understand and overcome the unique

financial challenges they face in retirement, the Million Dollar Round

Table (MDRT) launched Boomertirement, a series of educational initiatives,

including Baby Boomer Retirement Preparedness Week, August 6-10, 2007.

   

MDRT is a leading non-profit association representing more than 35,000

of the best financial services professionals around the world. During Baby

Boomer Retirement Preparedness Week, MDRT is encouraging members to partner with media, governments, businesses and community groups to conduct

educational activities and events.

   

Baby Boomers face financial challenges no previous generation has

encountered, including pension terminations, expensive healthcare, Social

Security uncertainty, decreased personal savings rates and significantly

increased life expectancy.

   

"Despite their unique challenges, solutions do exist for those who take

action on their own behalf," said 2007 MDRT President Philip E. Harriman,

CLU, ChFC. "The most important thing to remember is that taking any action

to better prepare for retirement is better than doing nothing."

   

Content for Baby Boomer Retirement Preparedness Week is based on

information and tools presented at the recent MDRT Boomertirement Summit.

At that event, Dr. Alan Greenspan (U.S. Federal Reserve Chairman --

1987-2006) and other financial experts, researchers and thought leaders

came together to discuss solutions to the retirement challenges facing Baby

Boomers.

   

"With expertise based on solutions discussed at the Boomertirement

Summit, MDRT members are uniquely prepared and qualified to help Baby

Boomers of all ages and financial situations maximize their quality of life

during retirement," said Harriman.

   

MDRT established http://www.boomertirement.com to provide Baby Boomers

with tools and information to help them take action in preparing for

retirement, including:

    -- Information about steps Boomers can take to prepare for retirement

    -- A directory to locate a qualified financial advisor

    -- A Boomertirement Summit report with video/audio and other resources

   

Individual MDRT members will announce specific plans for Baby Boomer

Retirement Preparedness Week activities in their local communities.

   

MDRT is The Premier Association of Financial Professionals. Founded in

1927, MDRT is an international, independent association of more than

35,000, or less than 1 percent, of the world's best life insurance and

financial services professionals. With membership from 77 nations, MDRT

members demonstrate exceptional professional knowledge, strict ethical

conduct and outstanding client service. MDRT membership is recognized

internationally as the standard of sales excellence in the life insurance

and financial services business.

   

Through Boomertirement, MDRT is providing leadership that will help the

financial services industry provide solutions to encourage the biggest

generation in history -- Baby Boomers -- to take action to navigate the

financial challenges they confront as they retire.