Helping Boomers Take Action to Realize Their Retirement Dreams: Announcing Baby Boomer Retirement Preparedness Week: August 6-10

Park Ridge, Ill. (July 24, 2007) – Although members of the biggest generation in history, the Baby Boomers, are rapidly approaching retirement age – with the first wave turning 61 this year – research shows that a vast majority are not financially prepared for retirement. To help members of this generation better understand and overcome the unique financial challenges they face in retirement, the Million Dollar Round Table (MDRT) has launched the Boomertirement program, 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 its members to partner with local 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, skyrocketing healthcare costs, uncertainty about government programs such as Social Security, decreased personal savings rates and significantly increased life expectancy during retirement.

“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 and other Boomertirement programs 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, scholars, researchers and thought leaders came together for two days of discussion about 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 has also established a Web site – www.boomertirement.com – that provides Baby Boomers with tools and information to help them take action in preparing for retirement. Content includes:

• Information about steps Boomers of various ages should be taking to prepare for retirement;
• A directory of financial professionals to help Baby Boomers locate a qualified advisor; and
• A report that provides a summary of each Boomertirement Summit session, as well as links to video/audio of these sessions, audience handouts and other resources.

Individual MDRT members will announce specific plans for Baby Boomer Retirement Preparedness Week activities in their local communities.

About MDRT and Boomertirement

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 and territories, 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 that will encourage the biggest generation in history – Baby Boomers – to take action to navigate the financial challenges they confront as they retire.