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"I'm spending money I have, not spending it and trying to repay it," he said. Among boomers like Rivers who plan to continue working in retirement, 35 percent say they'll do so to make ends meet. Slightly fewer cite a desire to earn money for extras or to simply stay busy. Excluding their homes, 24 percent of boomers say they have no retirement savings. Those with nothing include about 4 in 10 who are non-white, are unmarried or didn't finish college. At the other end, about 1 in 10 say they have banked at least $500,000. Those who have saved at least something typically have squirreled away $100,000, with about half putting away more than that and half less. Despite the worries and dearth of savings cited by many, only about a third of boomers say it's likely that they'll have to make do with a more modest lifestyle once they retire. Only about 1 in 4 expect to struggle just to pay their expenses. Financial experts say such expectations are often not realistic. "Most families have to make a significant adjustment from their working lives to their retirement years," said financial planner Sheryl Garrett, who runs the Garrett Planning Network. Ads that show silver-haired couples strolling off into the sunset do not represent the typical retirement, she added. The AP-LifeGoesStrong.com poll was conducted from March 4-13 by Knowledge Networks of Menlo Park, Calif., and involved online interviews with 1,160 baby boomers born between 1946 and 1964. The margin of sampling error is plus or minus 3.5 percentage points. Knowledge Networks used traditional telephone and mail sampling methods to randomly recruit respondents. People selected who had no Internet access were given it for free. ___ Online:
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