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Aging Snapshot: Taking candy from a baby (boomer)

Protecting retirement savings of an aging population


Many baby boomers, now nearing retirement, will receive most of any employer-provided retirement benefits as a lump sum from a defined benefit contribution plan such as a 401(k), rather than regular payments, for life, from a defined benefit pension plan.

The way that baby boomers manage their retirement savings may have a profound impact on the broader U.S. economy, including private investment markets, consumer spending, and government spending on social programs such as Social Security, Medicare and Medicaid.

This report discusses some of the issues that retiring baby boomers, governments and businesses face as a large number of baby boomers prepare to manage considerable savings during retirement.