Changing life priorities on the way to retirement may mean savers will have to correct their course. (Photo: AP)

A new study highlights ways that Americans are “correcting course” as they cope with changing life priorities on the way to saving for retirement.

According to the Merrill Lynch and Age Wave “Finances in Retirement: New Challenges, New Solutions,” a combination of factors, including increasing longevity and the “massive retirement wave” of boomers, is changing retirement itself with an amplification of “the opportunities and challenges of retirement in America, …. transforming [it] into a time of new beginnings, new challenges and new choices.”

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