As we progress through the 2020s, the landscape for baby boomers—those born between 1946 and 1964—has become increasingly challenging. With approximately 78 million boomers approaching or currently in retirement, many find themselves in what is referred to as the ‘Risk Zone.’ This critical period spans the ten years before and after retirement, and it is essential for boomers to understand the implications of this phase on their financial security.

The recent economic fluctuations and market trends have led to heightened risks, making it more imperative for boomers to reassess their investment strategies. Losses incurred during this Risk Zone can drastically reduce the comfort of remaining lifetimes and may even place an undue burden on society, given that around $50 trillion is at stake. Therefore, the importance of effective risk management cannot be overstated.

In light of the Roaring 2010s and the uncertain future, the likelihood of avoiding a market crash in this decade is alarmingly low. Various factors, including inflation and other economic threats, could trigger significant downturns in both stock and bond markets, leading to considerable investment losses. Consequently, baby boomers must adopt protective measures for their savings during this pivotal time.

This insightful book provides a comprehensive guide for baby boomers to navigate these turbulent waters. It emphasizes the need for boomers to be “risk off” to safeguard their lifetime savings. Here are some key strategies outlined in the book:

• Review Current Asset Allocation: According to the Employee Benefits Research Institute (EBRI), many boomers maintain an average investment portfolio of 60% stocks and 40% bonds. Unfortunately, this allocation suffered losses exceeding 30% during the 2008 financial crisis and is positioned to endure even greater declines in the next market crash.
• Consider Reducing Risk: The book details actionable steps to minimize risk exposure while simultaneously protecting against inflation. It provides valuable insights on how to adjust portfolios to better withstand market volatility.
• Utilize Available Tools: Baby boomers have access to various tools that can assist in risk mitigation. This includes reverse mortgages, Social Security benefits, and Medicare. Each chapter of the book includes a link to a related video from the Baby Boomer Investing Show, offering a unique and engaging way to explore these important topics.

By following the guidance provided in this book, baby boomers can better prepare themselves for the challenges of the 2020s. It’s not just about surviving the decade; it’s about thriving within it. The combination of expert advice, practical strategies, and accessible resources makes this book an invaluable asset for anyone looking to secure a dignified retirement.

In summary, ‘Baby Boomer Investing in the Perilous Decade of the 2020s’ serves as a crucial tool for navigating the complexities of retirement planning. With clear guidance and actionable advice, this book empowers baby boomers to take control of their financial destinies and enjoy the dignified retirement they deserve.