Retirement Concepts Different For The Baby Boomer Generation
Posted December 26, 2007
As an age group, Baby Boomers are squarely in the middle, sandwiched between older and younger generations. While some may have thought the years approaching retirement would be focused on building a nest egg, the reality for many is that both parents and adult children are placing financial demands that can hamper the ability to save for their own needs.
According to the recent study, most Boomer-aged parents who provide financial support for adult children say they are able to do so without jeopardizing their own retirement savings. Only 6 percent claim to use money that would otherwise be targeted for retirement to help fund current needs of one of their offspring.
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