New Directions

New trends in Baby Boomer investing and spending are factoring into the advice that Faith Read Xenos provides.  Market returns are more muted than people projected; more people are living into their 90s; and Baby Boomers are spending money of traveling and fixing up their homes, she says.  “Obviously there is wealth transfer, but it is not as great as once projected,” Xenos says.  Instead of passing wealth to adult children, Baby Boomers are helping them by providing a down payment for their first homes or cars and contributing to their grandchildren’s college tuition.

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