A new Met Life study looks at the first wave of boomers-those born in 1946.  Hey, they look sort of average.

RELATIONSHIPS                                                                       
The average 62-year-old American…
…is married to the same spouse, who is 60 years old.
…has 2.4 children over the age of 18, who are not living
at home.

FINANCES
The average member of the 1946 birth group…
…has an annual income of $71,400.
…has a household net worth, excluding home value,
of $257,800.
…has an average of six financial products/plans including 401(k)/403(b), IRA, health insurance, life insurance and CD/savings accounts.
If they do not already have investments such as stocks, bonds, annuities, or long-term care insurance they have few plans to purchase these in the next 12 months.
They have received or expect to receive some inheritance from their parents – typically in the range of $113,000
to $210,000.
Their home is currently worth $297,900.
They are aware that at age 62 they are eligible for a reverse mortgage, but typically are not planning to use a reverse mortgage for funding in their retirement. Should they use a reverse mortgage they would use the money to support their own aging and long-term care needs and pay down debt.
They do not have a professional financial advisor.

Met Life "Boomer" study.