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Fact of the Week: 13 October 2014

Half of Pre-retirees Would Alter Retirement Plans to Help Family Members Financially

"Half of pre-retirees age 50+ say they would make major sacrifices that could impact their retirement to help family members. Among these pre-retirees, 3 in 5 say they would retire later, 4 in 10 would return to work after retirement, and more than one-third say they would accept a less comfortable retirement lifestyle to help family financially," according to a 2013 Merrill Lynch survey of adults aged 25+.
       
Merrill Lynch. (2013). Family & retirement: The elephant in the room. U. S.: Bank of America. Retrieved from www.wealthmanagement.ml.com.

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