Is marriage more boring or more fulfilling in retirement? (Hint: It’s better than you think.) Do spouses in blended families have different financial priorities for their own children than for their stepchildren?
These were some of the questions that 5,415 people were asked in a study called “Family & Retirement: The Elephant in the Room.” Folks weighed in about their hopes and fears when they retire, whether they’d sacrifice their own financial security to help their adult children now, and whether they’re worried about running out of money in their elder years. The study was conducted by Merrill Lynch Wealth Management and Age Wave, a consultancy that specializes in issues related to boomers.