Wednesday, April 30, 2008

 

A Generational Challenge

More Americans will reach retirement age over the next two decades than at any other time in this country's history. Unlike their parents who relied on traditional pensions, boomers will be the first generation whose principal retirement assets will come in the form of a lump sum, such as a 401(k), IRA, or SEP account. According to the Employee Benefit Research Institute, it is estimated that boomers hold over $1.75 trillion in 401(k) plans.

A Generational Challenge
Source: Senior Market Advisor

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