No Two retirees are the same - Tuesday May 10

A recent Meryl lynch survey of affluent boomers aged 46-64 offer some insights into how boomers are planning to operate differently in retirement than their previous retirees. 86% plan a more active lifestyle, 84% say their retirement will look different and 72% expect a higher standard of living. Digging deeper 70% plan to keep working, 32% expect to pursue additional professional success, 26% anticipate taking courses to continue their education and 20% expect to start their own business. An implication of this on retirement planning is that no two retirees are alike so your plan and your life will look different than the next person.