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Unlike boomers, millennials appear to be super savers

Generation starts retirement plans earlier in life

9:59 PM, May 12, 2013
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When Keith Farner was 14, he made $2,000 at a summer job. Instead of buying the Xbox he'd been wanting, his parents helped him open a Roth IRA. The 30-year-old, who lives in Athens, Ga., now has more than $30,000 saved.

While Farner may have gotten an earlier start on retirement than most, a new study out today from Merrill Edge shows that Gen Y, defined by the study as those 18-34, is starting to save for retirement earlier than any other generation. Many are investing by age 22, compared with baby boomers who started on average at age 35.

Abe Mulvihill had two retirement accounts by the time he was 21, ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

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