They understand that their life expectancy may go well into their 90s and try to prepare for this in their 50s and 60s. They are hiring business and life coaches. Financial advisors are not just managing their portfolios, but are also tutoring the boomers, since they want to be involved and monitor their finances along with their advisers.
The boomers are not as intimidated as their parents were about money, especially the women boomers. A lot of boomers take care of their own portfolio. They have learned how trade stocks, commodities and currencies work. For example, Robert Prechter from Elliott Wave International shares his one simple insight that will change the way you invest forever in a new 23-minute video presentation called "How Market Losers Think -- and How to Stop Doing It." See the video free for a limited time.