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Are You a Youthful Retiree or Worried Struggler?

  When the largest demographic group in the country, baby boomers, began moving into retirement mode at the beginning of this century, that segment of the population started receiving a lot of attention.  Several years ago, a Harris Poll identified four types of these new retirees, ranging from youthful and optimistic to worried struggler.  Our next guest has been working with these groups for many years and says the categories are indeed real.  Which one is yours?

Mike Switzer interviews Noel Swain, a certified financial planner with Provest Wealth Advisors in Spartanburg, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.