Baby boomers said they are entering retirement with on average 12% fewer assets today than they had four years ago, according to a Cogent Research study.

As of October 2010, first wave baby boomers, those born between 1946 and 1955, had an average of $708,000 in investable assets, including money from retirement savings, compared to the $809,000 this same group reported in October 2006. While less affluent overall, younger second wave boomers ages 45 to 54 appeared to be in better shape. Cogent found that 5% of them are currently retired, and as a group, their average investable assets had grown by 10% since 2006.

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