To make matters worse, 63 percent of Americans fear running out of money in retirement more than death! So how is it possible that nearly 75% feel financially prepared?  Furthermore, the Boomer generation, particularly older Boomers, had greater participation in traditional DB plans.  Millennials have very little exposure to DB Plans, and they must now rely on their ability to fund, manage, and disperse proceeds from a DC plan. No easy task for a majority of Americans.