75 Million Baby Boomers are Being Forced to Tank the Stock Market
People born between 1946 and 1964 represent the baby boom generation. There are 75 million of them, and they have saved up $10 billion for their retirements.
Problem is that when they start turning 70 1/2 years old, they need to start taking money out of their 401-Ks, whether they want to or not. They then get taxed on that money.
Then, they can either spend it on their grand kids and boats, or put it right back into stocks. Most will not do the latter, although some will.
On balance, this will be just another punch to the gut for the stock market, to add to the Q Ratio, the absolutely PLUMMETING velocity of money, the various economic bubbles, the municipal bankruptcies, and the super-low fear/very high complacency among investors, which is a sign of a coming stock market crash.
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