10 Ways Baby Boomers Will Reinvent Retirement

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Retiring with debt

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GODFRIED EDELMAN—ISTOCKPHOTO

The days of the mortgage deed burning party are over. An increasing number of Americans are entering their retirement years with debt. Some 63 percent of American families with a head age 55 or older still owed money on their home, credit cards, or other debts in 2007, up nearly 10 percentage points from 1992.

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