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Karl and Claire Ritzler are typical vanguard baby boomers: they've worked for nearly three decades; two kids are out of the house, and the third is nearing college graduation. And, at age 50, statistically speaking, the Ritzlers are only a little more than halfway through life. That's right: the Society of Actuaries estimates that baby boomers will be the first generation of which both sexes are expected to live well into their 80s, and many will live to see a 100th birthday...

Author: /time Magazine | Title: Finance: Retiring Well | 2/15/1999 | See Source »

...Karl Ritzler, however, has some retirement advice worth repeating: "Neither of my parents lived to be 60. I want to end the grind of the workday and do more of the things I enjoy...I may even work at the local Wal-Mart," he says with a laugh before adding, "This is a learning experience; nothing is set in stone." Until you are--but that's an entirely different kind of retirement...

Author: /time Magazine | Title: Finance: Retiring Well | 2/15/1999 | See Source »

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