76 Million Baby Boomers To Cash Out Retirement – Can The Economy Handle It?
Original Post January 12, 2015
AS MILLIONS OF BABY BOOMERS MOVE ON TO RETIREMENT, THEY’RE CASHING OUT OF STOCKS. CAN YOUR PORTFOLIO WITHSTAND THE SELL-OFF?
From Rachel Mills
We frequently discuss the many reasons why the economy as we know it is unsustainable. The Federal Reserve has printed the bejeebus out of the U.S. dollar. Our manufacturing sector is being continually chased overseas. China and Russia are buying gold like crazy. We don’t make much of anything anymore except war. The majority of Americans aren’t saving anywhere near enough for retirement. Even if they were, it is all being inflated away. [Read more…]