Baby boomers are the first generation to be responsible for the investment of their savings. Previous generations were mostly covered by defined benefit pension plans where employers made all the investment decisions. Today most baby boomers are invested 60/40 stocks/bonds. This is a mistake for most, says my guest Ron Surz, because baby boomers are in what Ron calls the “Risk Zone”. Ron’s passion is helping his fellow baby boomers at this critical time in their lives when they are relying on their lifetime savings to support a retirement with dignity, so he wrote a book: Baby Boomer Investing in the Perilous 2020s. An industry veteran of 50 years, as well as the host of the Baby Boomer Investing Show, Ron is joining us to discuss many of the concepts and ideas in his book, including the “Four Pillars of Smart Investing” He will share his concern that investment mistakes in this perilous decade of the 2020s could be very costly, especially to baby boomers who should not be gambling their lifetime savings.
Ron’s concerns are related to the following:
• Interest rates have never been lower
• The US government has never printed more money
• Stock prices have never been higher
• The wealth divide in the US has never been wider
It is usually not true when someone says, “It’s different this time”, but Ron will tell you, it IS true this time.