How 2024’s Record Retirement Numbers Could Spark a Recession | WSJ

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

The current economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my $2M portfolio. I’m really worried about survival after retirement.

Baby boomers are retiring or on the verge to, so how do we deal with such recession-influenced market conditions? Typically my $250k worth of holdings go up 8% then lose 20% right after and the cycle continues, I’m confused and truly sick of the system

I was told in two economics classes that I shouldn't expect social security so I had to save up for retirement. I still have to pay into it though...

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

I'm 48, sad to say I made terrible money decisions growing up which I'm presently paying for, been dedicating every waking hours towards my retirement and I'd really love to retire to Portugal with atleast $3million by, the market up and down is not helping at all.

people are focused on paying the now $1674 rent for a 1 bedroom when 3 years ago it was $720 a month

Nobody is prepared to do anything about it because at the eleventh hour it becomes leverage for political expediency.

I love how cutting military spending is seen as a worst case scenario lol

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

“How covid could spark a recession” oh never mind “how inflation could spark a recession” oh never mind “how record retirements could cause a recession” the media will keep us “on the brink of a recession” no matter the economic climate it seems

Bold of you to assume any of us younger generations expected to get Social Security payouts in the first place, WSJ. Hearing that it'd still be there to a large degree and things would just generally be shittier is already better news than most of us were expecting. We already knew that we were gonna be facing a tougher financial future than our parents and grandparents because we're living it now, knowing that even when the trust runs dry we'll still be able to get back a portion of what we paid in is a helluva lot better than the 3 slugs retirement plan most of us were expecting. (2 slugs of liquor, 1 of buckshot)

I remember sitting in a high school class, around 1978, and the teacher laid out the same scenario.

There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

Gen Xer here. Can't help but notice that in 2034, the year SS is supposed to run out of IOUs, is the year that I become eligible for SS. Thanks, Boomers.

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

Unbelievable. This problem was perfectly clear when we were arguing about retirement security during the 1988-1989 high school policy debate season, and got even clearer after GWB spent so much of 2005 talking about it.

I'm 26 and I've just accepted that I'm going to have to work until I die. My plan is to get a job at a hospital where I can work 3 12 hour night shifts per week. Then just do that until I die lol

We avoided this in Australia by having mandatory superannuation (401k for Americans). Your employer is legally required to contribute 10%(soon to be 12%) of your wage into a managed account that you can’t touch until retirement age (65) We also have pensions for those who don’t have superannuation or retired before they came in

Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,