Preparing for a secure financial future can be difficult for all ages, but there may be specific hurdles that baby boomers are dealing with that are making their situation specifically difficult.

Just 35 percent of baby boomers are confident that they prepared financially for their retirement, according to a report from the Insured Retirement Institute. When the organization began tracking this in 2011, the figure was 44 percent.

Approximately 25 percent of those polled explained they put off their retirement plans in the past 12 months, the report explained. Another 28 percent noted that they will not be retiring until they turn 70 years of age or older.

"One of the most striking developments since we began this research series is the decline in Boomers who did not know when they would retire," said Cathy Weatherford, president and CEO of IRI. "That number has been cut in half. While the research shows that they are deciding to retire later in life, the important thing is that they are grappling with important aspects of retirement planning and beginning to develop a clearer picture of where they are and where they intend to be."

Despite the issues, there are a number of people who are actively trying to save money. The report noted that four-fifths of those polled have some type of retirement savings, while close to 50 percent have at least $250,000 saved up.

A total of 55 percent of baby boomers explained that they have a distinct idea of how much they need to save for retirement, the report showed. One year earlier, the figure was just 55 percent of those polled.

Some Americans confused about retirement needs
The amount needed for retirement depends on a number of factors, and typically, is different for every individual. However, many people may not be completely sure of how to manage their situation. According to a report from Franklin Templeton, 92 percent of those polled felt that they would spend the same amount or less in retirement as they do now. However, nearly 40 percent haven't started saving money for their retirement.

"Americans have long struggled with preparing for the realities of retirement," said Michael Doshier, vice president of retirement marketing for Franklin Templeton Investments. "The survey uncovered several contradictions related to the degree of understanding and often divergent approaches to retirement."

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