The Baby Boomer Dilemma
Major Motion Picture Challenges What You
Thought You Knew About Retirement
March 24, 2022 - When it comes to retirement income planning, many American workers look forward to guaranteed future income security through a combination of defined benefit (DB) pensions, Social Security, and whatever they've been able to sock away in their 401(k), 403(b), IRA or similar defined-contribution (DC) plans during their working years.

But how secure is their future, really?

With a growing percentage of this substantial demographic (21.45% of the U.S. population) already retired and the last of them less than a decade away from Social Security Full Retirement Age (FRA) . . .

"How can Baby Boomers best protect themselves from lifetime financial insecurity?"

It's a vitally important question to ask now more than ever with the pace of Baby Boomer retirement accelerating at an unprecedented rate since the advent of the pandemic. Not to mention current market volatility.

A Timely Documentary
Carrying a PG rating from the Motion Picture Association (MPA), The Baby Boomer Dilemma is a recently released major motion picture evocatively subtitled "An Exposé of America's Retirement Experiment."

Fair warning: This movie is not for the faint of heart!

But this film is well worth watching if you are a Baby Boomer, appreciate facts, and have any concerns about your own financial future. Especially if you are contemplating retirement.

Knowledge is power and the interviewees in this film have plenty to spare with two Nobel Prize-winning economists, the Executive Director of the Pension Research Council, and a couple of esteemed academics with Wharton School pedigrees among those sharing their insights and perspectives.

I was personally underwhelmed by the dramatization choice made by the director but was beyond impressed with the powerful expert interviews, some of whose work I've admired for years. I think you will be, too.

Here's the trailer so you can check it out for yourself:
While Supplies Last

This film is not yet available on any streaming platforms; however, because I am so committed to its message, I've arranged to secure a limited number of streaming gift cards ($29.99 value) which I'm happy to send to clients who request one. Popcorn not included!

As I'm typing, I'm thinking of how many of you I've known my entire career and realize you, like me, were born sometime during the Truman, Eisenhower, Kennedy, or Johnson administrations and can personally benefit from watching this film.

Special appeal to plaintiff attorneys and their clients

You are uniquely positioned to benefit even MORE GREATLY when presented with the opportunity to structure your personal injury settlement and/or your attorney fees.

Attorneys can even receive 1.0-hour State Bar of California-approved MCLE credit by watching my on-demand webinar on Structured Attorney Fees by clicking [HERE].

Accumulating wealth during one's working years is one thing. But decumulating what you've amassed in your nest egg requires a shift in thinking to protect yourself from the possibility of economic collapse and running out of money before your final curtain call.

In this case, what got you this far won't necessarily get you the rest of the way.
Traditional financial planning, by its very nature, tends toward asset growth and wealth accumulation. That's all well and good and a wise path to follow leading up to retirement when you're not yet spending money. But too few CFPs I've met embrace the critical, proven role annuities play as part of one's overall financial well-being.

That's a shame because it's been demonstrated that "lifetime annuities are the most cost-effective and least risky asset class for generating retirement income for life." That's a direct quote from the Working Paper, "Rational Decumulation," co-authored by one of the experts interviewed in The Baby Boomer Dilemma.

The good news, according to Real-Time U.S. Baby Boomer Generation Population Death Clock, is that Baby Boomers aren't scheduled for extinction until 2086. That means many of the 71% of us remaining still have time to arrange our retirement affairs properly.
Thank you for the opportunity to be of service and best wishes to you for continued success in your personal and professional lives.

"And now the movie, folks!"
Dan Finn, CPCU, MSSC®, RICP®
Master's Certified Structured Settlement Consultant®
Retirement Income Certified Professional®

"Building lifetime client relationships!"
CA Insurance License: 0A96173