Agree agree – all cash for now and a long time to come.
Huck – you know that Bernanke link is a parody? Right?
The government either failed to realize, or didn’t care that keeping the financial market stable was vital to retirement plans for us middle class folks. Now that the rug has been pulled out from under any fund having plausible stability, who can afford to continue gambling, and to gamble with significantly less than they had??
I tend to disagree with the overall premise of the articles because its quite likely if not a certainty that the employed of retirement age, are lacking the funds to retire. So, the retirement explosion will be more of a damp thud, if anything.
If people began retiring as predicted, it would be a godsend for those currently unemployed but employable. Problem as I see it – workers retirement funds aren’t sufficient so they won’t retire, and the unemployed will continue to struggle to find jobs.
A properly funded retirement for those of retirement age, under current circumstances, would be a bigger positive than negative.
