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For empty nesters, spending habits may trump extra saving Many empty nesters fail to boost their retirement savings after their last child leaves the house, and instead go on a spending spree that can last for years, according to a study by the Center for Retirement Research of Boston College. On average, over the eight years following the departure of the last child, empty nesters increase their savings in tax-deferred 401(k) retirement accounts by less than one percentage point of income, the researchers found. The “findings support the view that the retirement-savings crisis is real.” --The Wall Street Journal
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