Tag: shift to defined contribution retirement plans

Older woman sitting at a table in front of the monitor adjusting glasses with her hand in the office

Due to changes in the retirement landscape in recent decades, Late Boomers (who are now nearing retirement) would be expected to have less wealth from traditional pensions, Social Security, and housing, but higher 401(k)/IRA assets compared to Mid Boomers at the same age.  Strikingly, though, Late Boomers have seen a drop in their 401(k)/IRA assets…