Baby boomers may not be as prepared for retirement as they think. Only 42 percent have decided on an age to retire and have planned how...

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NEW YORK — Baby boomers may not be as prepared for retirement as they think.

Only 42 percent have decided on an age to retire and have planned how much they should save each month to achieve that goal, reports Allstate Insurance.

How do you fare? Answer these 10 questions:

• Have you and your spouse discussed retirement plans?

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• Do you know what options exist for retirement savings?

• Have you and your spouse decided at what ages to retire?

• Do you monitor your savings and investments with your retirement age in mind?

• Have you estimated what your retirement income will be from Social Security, your employer-sponsored retirement plan and other savings?

• Do you continue to search for new savings options to help increase your retirement assets?

• Have you estimated how much you will spend each year during retirement?

• Do you have a plan to automatically divert money from your paycheck or bank account into retirement savings?

• Have you prepared an emergency fund or financially prepared for unexpected life events such as illness or job loss?

• Do you often review your insurance coverage to ensure you are adequately covered?

If you answered yes to two or fewer questions, you aren’t prepared for retirement! So start doing your homework now.

If you answered yes to three to six questions, you’re off to a good start. But you’ll need to keep up the good work or even slightly increase your pace to achieve the retirement lifestyle you want.

If you answered yes to seven or more questions, you’re probably feeling secure about your retirement plans.