The Demographic Drought - Baby Boomers are Retiring in record numbers

[Fiendish Thingy]

8. I think you're overthinking it

Inflation is at a 40 year high, and interest rates were at record low. Rates had to rise to cool inflation (despite gouging by corporations). Higher mortgage rates will make homes more affordable for the younger generations.

The market has been volatile because it is driven by emotions, especially fear. Come back to this thread in a year and see how things are.

My retirement portfolio and 457 account survived the crashes of ‘87, 2001, 2008, and 2020, and it will survive this as well. I retired in 2019 just before COVID hit, and money is the last thing I would worry about.

Now is the time to buy investments, while they are on sale (talk to an advisor).

If Powell and the Fed are guilty of anything, it’s waiting too long to start raising rates (part of that is on Yellen as well, who was chair before Powell). Nobody at the Fed is deliberately trying to force seniors back to work.

Note: 1957 was the peak year of the baby boom; everyone born in 1957 turns 65 this year, and is eligible for Medicare. That’s my theory why so many are retiring this year.