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Tuesday, June 27, 2006

Many boomers may outlive their nest egg

"As longevity stretches toward once-unthinkable lengths, many of America's 79 million baby boomers are facing not a brief retirement but 20, 30 or 40 more years of life -- the longest retirements that any U.S. generation has yet experienced.

"The top one-third of the boomers will have lots of choices, and the bottom one-third will be working until they drop just to keep food on the table," says Paul Hodge of the Harvard Generations Policy Program at Harvard University. "The middle third will muddle along."'

"Retirement Used to Be so Simple"
USAToday via
Cleveland, Ohio

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