The Next Threat to 401(k)s
Baby Boomers are retiring at a greater and greater rate each coming year and will continue to ramp up over the course of the next several years. This means that they will be cashing in on their retirement plans. In 2013 Boomers withdrew $11.4 billion from their savings, this amount will continue to grow and experts do not expect Millennials will make up that difference in their own savings. This is cause for concern because experts believe this will cause volatility and end in fewer returns for future investors. For more information visit this article by David Maxwell with PR Web.
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