Retirement trends

• Baby Boomers – The Vulnerable Years
  • These are the individuals born between 1946 and 1964 who are just beginning to retire. They likely will be receiving Social Security Benefits in addition to those who have had the foresight to have significant retirement accounts in place.
• Generation X
  • These are the individuals born between 1965 and 1981. Unfortunately, this is the generation where traditional pensions have long been eliminated and the possibility exists that Social Security may not be around when they retire. Their advantage is they have more time to prepare for their retirement including IRA’s, 401k’s and other retirement strategies.
• Millennials
  • These are the individuals born between 1982 and 2000. This group statistically is currently the largest in the US Labor Force. Unfortunately, they also have the largest amount of student and credit card debt. This generation also appears to be the savviest when it comes to contributing to employer sponsored retirement accounts which is the most effective way to prepare for ultimate retirement.

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