Business Services Industry
Money Managers Try to Build Nest Eggs for Baby-Boom Empty-Nesters.
Knight Ridder/Tribune Business News, August, 2003
By Anuradha Raghunathan, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 24--Financial services companies saw it coming. Now it's almost here.
The baby boomers are on the verge of their much-anticipated retirement roar, and banks, brokerages and insurance companies are racing to reinvent themselves.
"The industry is reorienting and reassessing itself for the next major thrust," said Ken Dychtwald, author of "Age Power: How the 21st Century Will Be Ruled by the New Old." "We are in a moment before the mass activity takes off."
With hopes of early retirement dashed by the bear market, many boomers are looking to work well past 65. Many are confused, even concerned, about their financial future.
But...
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