From Accounting Today:
BOOMERS LOOK AHEAD TO ACTIVE RETIREMENT
The majority of baby boomers intend to have a more active lifestyle in retirement than their parents (86 percent), as well as a better standard of living (72 percent), according to Bank of America’s Merrill Lynch Affluent Insights Quarterly.
As a way of remaining active, 32 percent said they would continue to work; 26 percent plan to continue their education; 24 percent want to learn a new trade; and 20 percent plan to start, or further, their own business, according to the study, which was released today.
In a session with reporters just after the conference call, Lyle LaMothe, head of U.S. wealth management, and Andy Sieg, head of retirement services, highlighted several findings, including health care expenses and the growing conservative attitude among affluent investors. Nearly half (47 percent) of respondents considered themselves conservative. But in a twist from conventional wisdom, the youngest group in the survey is the most conservative.
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