Retirement Crisis: Will Baby Boomers Overwhelm the System?

We are facing a retirement crisis unlike anything we have faced before in this country.


The Baby Boomer generation is retiring – and it’s unclear if the weak government “safety net” will be up for the task. Social Security is on a path towards bankruptcy, Medicare is underfunded, and the federal government is running up unsustainable deficits.


Will the ever-increasing number of retirees be too much for the system to handle? What happens if the system collapses? A recent FiveThirtyEight.com article reports:


For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here. Every month, more than a quarter-million Americans turn 65. That’s a trend with profound economic consequences. Simply put, retirees don’t contribute as much to the economy as workers do. They don’t produce anything, at least directly. They don’t spend as much on average. And they’re much more likely to depend on others — the government or their own children, most often — than to support themselves.


If you are counting on government benefits to fund your retirement, you may be headed for a harsh wakeup call. And even if you’re not directly dependent on Social Security, what would happen to your retirement portfolio if taxes and inflation went through the roof as a result of the Baby Boomer retirement flood? Even more threatening, The Obama 2015 Budget Proposal plans to overhaul many positive boomer retirement benefits. Learning about these changes now could be the difference of hundreds of thousands of dollars. Learn from my newly released book What To Do at 62 – How To Have a Protected Retirement Income Plan. Simply register for our new educational webinar at www.LearnHowToRetireNow.com


We live in a period of economic volatility and uncertainty. It’s more important than ever that you have a solid retirement plan – and we can help. We will reduce your vulnerability to market risk, as well as your exposure to taxes and inflation. We eliminate market risk; in the last decade, NONE of our clients have lost a single dime in the market. Prior gains can’t be lost, either.  This is why our clients have averaged over 8% during the worst economic downturn since The Great Depression.


There is a retirement crisis brewing in America, and it’s getting worse every day. Don’t get left out in the cold when the system falls apart. To learn more, please visit LearnHowToRetireNow.com.