A new study highlights ways that Americans are “correctingcourse” as they cope with changing life priorities on the way tosaving for retirement.

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

The study caps a series of studies that began in 2012 to look atretirement through seven "life priorities": family, health, home,work, leisure, giving, and finances. It attempts to integrate allseven areas and offers suggestions -- or, for those who've gonedown a less-than-effective path, "course corrections"-- for howpeople can better "do" retirement preparation and saving.

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