retires-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.

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…

Related Articles:
Everything is Disintegrating
Are the Rich Going to Lose Their Heads?
Wealth Redistribution and Dependency
 

 

We’d love to hear your questions or comments below. Thank you.

 

* * * * *

Fair Use Notice: This website post may contain copyrighted material. Such material is made available for news reporting, educational and other limited purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in title 17 U.S.C. Section 107 of the US Copyright Law.

RestlessBoomers.com (‘RB’) has no control over and does not endorse any external Internet site that contains links to or references RB.