26 Oct 11 The last one lasted 17 years.
This does not include the year to date loses investors have experienced in 2008. Many baby boomers will have to figure out an alternative means to retirement.
Other than choosing the plan and funds to be included, most employers do not offer any assistance. (Source: ) This has left many, especially the baby boomers, scratching their head –wondering if their retirement dreams will not come true.
Inflation during this period has averaged 2.7% per year. They now need to play catch up due to the performance of the market since 2000.
This will have a major impact on the retirement of the baby boomer generation. Since 2000 to the end of 2007, the S&P 500 index has returned an annual average of only 2.45%.
These plans have mostly been self directed by the employee. We are currently in a secular bear market.
Investors need to become more educated about the history of the markets. Their retirement and financial plans usually use an assumption of an 8% average annual rate of return. If the stock markets continue to provide a rate of return less than expected. With two back to back economic bubbles popping since 2000, this one may last longer.
Further information is good for read:
- We are currently in a secular bear market. Their retirement and financial plans usually use an assumption of an 8% average annual rate of return. (Source: ) This...
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- Council for 55 years. Step 2 – Deadline for State Tax: At this point you have to choose a tax on 401k plan, state...
- 401k rollover options – There are people waiting for affordable housing in 15 years. Such things have happened, or think about the consequences 403B change to a Roth IRA, 401K or a traditional. are...
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