The purpose of the study was to examine factors related to retirement preparation of older and younger cohorts of the baby boomers using a criterion of having investment assets greater than 25% of net worth. Using the 1989 Survey of Consumer Finances, logit analyses showed that being white and expecting a large inheritance were positively related to meeting the guideline for younger boomers. The older cohort of the baby boomers had increased likelihood of meeting the guideline if the household head was in good health, was male, and had pension coverage. For both cohorts, as age and education increased, it was more likely that households would meet the guideline for retirement preparation. KEY WORDS: retirement planning,investment, saving, Survey of Consumer Finance

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