CHAPTER 4How Baby Boomers’ Later Years Will Unfold
IF THE STOCKS-FOR-RETIREMENT CYCLE can’t be made to work, millions of boomers will learn that they will not be able to retire comfortably when they reach their mid-sixties, as they had hoped. When this happens, at least two major shifts can be expected.
- Many boomers will have to make more complex decisions about their later lives than previous generations, and some boomers will have to work for more years instead of retiring.
- Stocks will lose their aura as retirement investments and the demand for them will shrink. Whether or not stock prices decline severely, less emphasis will be placed ...