A friend recently shared some news: His youngest child, a successful professional, was getting married in September, finally. Did he approve of the nuptials? "She's 32," he answered in a deadpan manner. "I'm just happy she's getting married." While the boomer father liked his future son-in-law, the young couple had been living together for a few years. Dad had expected them to get married a lot sooner. What were they waiting for?
Older boomers, many at retirement's doorstep, lost more than quarter of their net worth during the recession. Yet they may be the last demographic to retire with enough savings to live comfortably, according to a new study.
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