8 Ways Coronavirus Will Drastically Alter Boomer Retirements

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Here are 8 ways the coronavirus will drastically alter boomer retirements:

from the Center for Retirement Research at Boston College shows that as of 2016, even after seven years of a bull market, late boomers had accumulated a lot less in 401 and IRA wealth than older boomers had at the same age. That’s despite the fact that fewer late boomers are covered by traditional defined benefit pensions, meaning they need to accumulate more, not less, to achieve the same level of retirement security.

is good, it might be just a bittersweet historical footnote—-particularly for any late Boomers who lose their jobs in a coronavirus recession.You’ve probably heard this factoid: an average of 10,000 boomers turn 65—the traditional retirement age—each day. But the Pew Research Center calculated last July that the Baby Boomer labor.

Even more dramatic has been the growth in older workers who say they expect to work past 65—even though they don’t all end up doing so. In a 2016 Employee Benefit Research Institute survey, 54% of workers aged 55 and older


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All sad Boomers can retire, they will have to work until they're 75 like all the other poor people


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