In terms of accumulated wealth, baby boomers have outdone their parents in many instances – and likely their children too. But converting those assets into spendable retirement dollars may become more challenging for advisors due to boomers' debt, rising living costs and a potentially crowded housing market in the future.
"Many boomers will have to go into home equity," says Ben Mandel, an executive director and global strategist of multi-asset solutions at J.P. Morgan.
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