Thursday, May 05, 2005 - As Boomers Retire, a Debate: Will Stock Prices Get Crushed?

NO! In the old days, 30 years ago, retirement was a relatively tough time. Many Americans retired into poverty. Over the last three decades, the poverty rate among those 65 and older has declined dramatically. Folks are now retiring with large 401-K plans and are fusing because they are required to take too much out.

Estate planners are helping Americans pass retirement assets along to children. Besides, the big wave of retirement is 4 or more years away. We have another bull, boom, bubble to go through before we will have the next bust.