Retirees are About to Get Hammered, Again
For Boomers depending upon pensions, Ira’s, 401K’s, annuities, stock dividends and bond coupon clipping to comfortably slide into home base, 2016 could provide a nasty wake up call.
David Stockman’s article details the mess that’s now unfolding and what it means for Baby Boomers. Unfortunately, as far as we’re concerned, that’s the good news, as we’re predicting that by 2017 a lot of retirees are going to be getting downright desperate.
Today’s decisions are going to determine our future.
Related Articles: Everything is Disintegrating Are the Rich Going to Lose Their Heads? Wealth Redistribution and Dependency
“The prospect that the leaders of our monetary politburo are about to be tarred and feathered by economic reality might be satisfying enough if it led to the repudiation of Keynesian central planning and a thorough housecleaning at the Fed. Unfortunately, it will also mean that tens of millions of retail investors and 401k holders will be taken to the slaughterhouse for the third time this century.” Read more…
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