Baby Boomers Provide Retirement Planning Advice For Themselves

A recent survey by Chicago-based financial services firm Northern Trust reveals that, while baby boomers are planning for retirement, many are doing the planning without the assistance of professional advisers. Asked whom their principal financial adviser is for retirement planning, 45 percent of baby boomers surveyed answered "myself."

Additionally, more than half (55 percent) said they haven't established or updated their estate plans.

The retirement survey was conducted among a national sample of 1,312 millionaire clients and non-clients, representing more than $7 billion of total investable assets.