Admittedly I was being, well, “blunt.” But I was writing as simply and directly as possible for what I believed was a noble reason. Statistics from industry experts clearly show that your financial future is indeed certain - just not in a good way.”įine. Highlighting a study by the Transamerica Center for Retirement Studies that said the median amount baby boomers, or those born between the years 19, have saved for retirement is a totally inadequate $144,000, I wrote that the boomer generation was on the “Road to Nowhere,” even going so far as to reference the lyrics and title of the well-known Talking Heads song.Īt the time I wrote, “Sorry to be blunt, boomers, but it’s not just the soundtrack in our heads that’s telling us that you are traveling down a troubled path, it’s the data on our screens, too. And that pretty much led me straight to a journalist’s version of that thery place.īefore I plead my case to the boomer community, here’s what happened. Well, not too long ago, I posted a column warning future generations not to follow the baby boomers’ lead when it comes to retirement planning. You know where they say a road paved with good intentions leads, right? InvestmentNews - Boomers refute retirement criticism
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