BECAUSE OF THE LARGE NUMBER of baby boomers and their greater life expectancy, combined with relatively fewer younger adults, the country will soon face questions about aging that it has never faced before. For example, what will all these people do with their later years? How well will they be able to live? Where will they get enough income to live?
Boomers who live past age 65 will need income to survive. There are five primary sources for this income: