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66 percent of affluent parents say they’d choose to spend on themselves during retirement than leave their kids an inheritance. (Photo: Shutterstock)

They spend freely enough for their kids’ education and upbringing, but affluent parents expect to spend more on their own retirement rather than to keep on supporting their kids.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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