RJ and Makay

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Contrary to popular opinion that baby boomers will continue to work well past the age of 65, a new study indicates that the oldest of this group of citizens born after 1946 are retiring in large numbers. Transitioning into Retirement: The MetLife Study of Baby Boomers at 65, shows that 59% of the first boomers to reach age 65 are at least partially retired. 45% are fully retired and 13% are retired but working part-time.

A lot of Baby Boomers are worried about how they're going to get enough money to retire. But, for two-thirds, help is on the way in the form of an inheritance, suggests the "MetLife Study of Inheritance and Wealth Transfer to Baby Boomers."

The study's main findings: The Baby Boom generation will inherit $8.4 trillion over the next 10 years (just as they begin retiring en masse). And, the flow of assets from previous generations has already begun -- Boomers have inherited $2.4 trillion so far.