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Baby Boomers and the Retirement Dilemma

In 2006, the group of Americans known as baby boomers (1946-1964) turned 60 years old. Now almost a decade later, a number of them are either heading toward or have entered the retirement phase of their lives. The fact is that this is a transition that is not always as serene as many boomers envisioned.

Ameriprise Financial released a report earlier this month of its findings of those more than 1000 baby boomers ages 60 to 73 years old who have already made the transition into the post-career stage of their lives.

Among the more interesting findings of the report were:

· 69 percent of boomers polled stated that they had challenges adapting to the changes in their lives

· 32 percent had difficulty adapting to new and different routines

· 37 percent missed the day-to day social connections with colleagues

· 22 percent have trouble finding ways to give meaning and purpose to their days

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