Baby Boomers and Retirement…Some Bumps in the Road?
Investment News senior columnist John Waggoner takes a serious look at how the “Baby Boom” generation is likely to fare in retirement, with emphasis on the impact of disappearing perks like defined benefit pensions, rules changes like elimination of the restricted application provision, and the rapidly-escalating cost of college for their children. Younger boomers are also facing increased elder care costs for their aging parents, and find many of the obstacles they face limiting their ability to save for their own retirement. Pile on top of all that the much talked about Social Security solvency dilemma and the projection that benefits face a reduction in little more than a decade and a half, and you have what Waggoner paints as a challenging retirement outlook for those baby boomers on the later edge of the curve. Read his article here…
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