- ABC News
- September 24, 2012
AC
As Baby Boomers are moving toward retirement, they're often called the silver tsunami. The nation's largest generation grew up in the turbulent time of civil rights, rock music and counter culture; now, they're unwilling to settle for the retirement that their parents had. But there is a dilemma. Most of the Boomers turning 66 have not decided what their retirement future should be like. And they face many financial risks. "The Boomers have always been a generation of seekers," says Holly Deni, a Boomer who is director of the elder life division of Locker Financial Services in Little Falls, N.J. "Some of us are going to redefine retirement. We are going to find new alternatives. That's going to be our legacy." STORY: How to get the most from an unexpected inheritance There are a number of things that older workers should do before they retire. Many financial planners are even urging Boomers to rehearse retirement while they're still working. Last year, T. Rowe Price launched...