How to Survive the Coming Retirement Crisis


In my MarketWatch column this week, I laid out why a Retirement Apocalypse could hit during the 2020s.

You can read the whole piece here. But these are my main points:

  • If current trends continue, the Social Security and Medicare trust funds will run out of money over the next 15 years.
  • The 2020s will see a bear market in stocks and an economic recession, which could decimate Baby Boomers’ savings just as they retire.
  • A decade of low returns in stocks, which may follow our current decade of spectacular outperformance, would be disastrous for state and local pension funds and the governments that fund them.
  • Tax cuts and Congress’s recent  spending spree will mean trillion-dollar deficits as far as the eye can see, giving the federal government little wiggle room when a recession and bear market hit.
  • The federal funds rate is still only 2% and the Federal Reserve has more than $4 trillion on its balance sheet, so it won’t have many tools to fight the next recession.

This would be a very, very bad scenario. How should investors prepare? Here are three things to do and not to do.

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