Aging folk could crush Mutual Fund Industry
5:49 PM
The absolute worst thing you can do now, my friend, is let the Bush Social Security Plan lull you into a false sense of security.
Here's why:
The private social security retirement accounts that Bush wants you to have will never solve the biggest problem you face: 76 million retiring baby boomers cashing out of their growth investments and funneling their 401K, IRA, and pension money into income investments.
And the fallout is set to turn the mutual fund industry upside down, and a lot of unwitting investors will get hurt. This projection moves into the next 5-7 scenario I entailed in a previous posting "Oscar vs. Dr. Vlado"
Here's why:
The private social security retirement accounts that Bush wants you to have will never solve the biggest problem you face: 76 million retiring baby boomers cashing out of their growth investments and funneling their 401K, IRA, and pension money into income investments.
And the fallout is set to turn the mutual fund industry upside down, and a lot of unwitting investors will get hurt. This projection moves into the next 5-7 scenario I entailed in a previous posting "Oscar vs. Dr. Vlado"
Posted by OscarNOW
on 5:49 PM.
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