Retirement Time Bomb?

One out of two Boomers can't do simple math (divide $2 million by five). And financial illiteracy is the least of their retirement problems.

One out of two Boomers has no employer retirement plan. Many have little money put aside elsewhere. Much Boomer wealth, such as it was, consisted of home equity (remember that?). For additional depressing findings, see David Ignatius: Boomers going bust.