Boomers Will Load Fun Into Early Retirement Years: Sun Life

More than 70% of baby boomers expect their income needs to rise and fall greatly throughout retirement, according to a new survey by the U.S. division of Sun Life Financial Inc., Toronto.

“This survey shatters the old rule that people should plan to live on a fixed 70%-80% percent of their preretirement income,” said Mary Fay, senior vice president and general manager of Sun Life Financial’s annuities division, Wellesley, Mass.