US EditionHelping Adult Children Financially – Retirement
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Helping Adult Children Financially – Retirement
When Baby Boomers started their working lives, retirement pensions were more common. However, starting in the 1970s, the IRA and 401(k) revolution kicked off the transition away from defined benefit plans (pensions) to defined contribution plans like 401(k)s. These latter plans placed more responsibility on the shoulders of individual workers to manage their retirement finances. Although Boomers were caught in the transition, they benefited from…
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