Half of the boomers polled say their view of retirement has changed due to the current state of the economy. Twenty-six percent say they may have to work longer than they expected. Twenty percent believe they may not be able to live the lifestyle they thought they would in retirement and 14 percent say they will need to do more retirement planning.

Lee Anne Davies, head of RBC’s Retirement Strategies said that when it comes to retirement planning, the five years leading up to retirement are crucial. Not only is saving money important, but so is planning for the retirement lifestyle that individuals imagine.

The RBC retirement survey also investigated the top five places baby boomers turn for financial information. Fifty percent of boomers say they turn to professional financial advisors, followed by newspapers, magazines and TV and information or newsletters from financial institutions. Twenty three percent said they are open to advice, from anywhere and from anyone. Finally, 19 percent said they seek advice from family or friends.