Episode 40: January 1, 2030: The Big Bang of Retirement Planning

Jul 7, 2023

The last Baby Boomer will turn 65 — the age most commonly thought of as retirement age — on December 31, 2029. The modern retirement planning business is very much a boomer-centric industry. So the dawn of the new decade will bring the most consequential change (in demographics, technology, oversight, and lifestyle behavior) to retirement planning since the late 1960s. Kelly Financial Services is starting to imagine what that new-world order will look like, especially for future retirees.

Here are just a handful of the things that we'll discuss:

  1. The greatest transfer of wealth in American history, approximately $84 trillion, has begun and will peak in the 2030s.
  2. Gen X will begin retiring next decade, just as Social Security and Medicare will likely need substantial reforms.
  3. A significant number of today’s financial advisors will be exiting the business in the next ten years.


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