Turning 62: The retirement boom begins

Boomers' Eagerness to Retire Could Cost Them
By SANDRA BLOCK, USA TODAY

They're known as one of the most rebellious generations in U.S. history, not to mention the largest. This year, the oldest of the 79 million baby boomers born from 1946 through 1964 turn 62, which means they become eligible for Social Security. The boomers -- projected to live longer than any previous generation of Americans -- will have the longest retirements, too. Can they afford to retire? How far will their Social Security checks go? The reality is this: Many of those who retire early will accept reduced benefits -- and in doing so will risk falling short of their financial needs.

So what will this generation of retirees do? (Continued.....)