Adults over the age of 45 are more interested in achieving peace of mind when it comes to financial goals than accumulating wealth.

According to a Merrill Lynch study, conducted in partnership with New Wave, retirement has been redefined, with people expecting to live and often work longer than any preceding generation, and taking different approaches to preparing for and living their best life during these years.

The study is based on a nationwide survey of more than 6,300 respondents over age 45 that was conducted in January.

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