America's #1 retirement adviser offers tried and true investment
strategies for before and after retirement. Sound guidance from the
creator of RetirementWatch.com and the author of Where's My Money?:
Secrets to Getting the Most Out of Your Social Security.
The 2020s are likely to be among the worst times to be nearing
retirement or in the early years of retirement. The book first explains
the forces that are coming together to make it more difficult to create
and maintain financial security and independence in retirement.
The middle of the Baby Boomer generation will increase the pressure on
every aspect of retirement. The early boomers began reaching 65 in 2011.
Since then about 10,000 Boomers per day have been hitting 65. But the
middle section of the Boomers is larger than the early Boomers.
Beginning in 2024, an estimated 12,000 Baby Boomers will turn 65 each
day.
Already the foundations of retirement, Social Security and Medicare, are
under stress. The rapid increase in the number of Boomers enrolling in
these systems will increase the strain.
In addition, the high returns in stocks and other investments since 2009
(and especially since 2017) make it likely that investment returns will
be below their long-term averages during most of the 2020s. Further,
interest rates on traditional retirement income investments, such as
certificates of deposit, short-term government bonds, and money market
funds, are the lowest they've been in U.S. history and are likely to
remain below their historic averages.
In addition, taxes imposed by all levels of government are likely to
increase during the 2020s. A longstanding myth is that a person's tax
burden will decline in retirement. That hasn't been true for some time,
and in the 2020s retirees are likely to face a range of tax increases.
For a long time, many retirees left a lot of money on the table by
making less-than-optimum decisions about Social Security, Medicare,
IRAs, 401(k) rollovers, long-term care, and other key retirement issues.
For example, a recent study done for United Income concluded that only
four percent of Social Security beneficiaries made the optimum decision
about when to claim retirement benefits.
For the most part, the Boomers mistakes were bailed out by high stock
market returns and low inflation. Retirees in the 2020s aren't likely to
be so fortunate.
Peak Boomers have to make the right decisions about all aspects of their
retirement finances. This book will cover each of the key retirement
planning issues faced in the five years before retirement and the first
five years of retirement and guide readers to making the right decisions
for them.
