The Great Recession Creates a New Retirement Reality

Buttell, Amy E.
December 2009
Journal of Financial Planning;Dec2009 Retirement, p10
Academic Journal
The article focuses on the impact of financial crisis on retirement in the U.S. It notes that decreasing home values, economic uncertainty and lower retirement plan values urged the wealthy to be more cautious on spending and be more disciplined in paying their debt. Survey shows that many Americans considered the increasing home equity to pay luxuries and fund a comfortable retirement. Ballou Plum Wealth Advisors LLC founder Lynn Ballou believes that clients can keep their retirement savings from declining through part-time work for asset preservation. It points out that the baby boomer generation are aware that a longer lifespan and health care expenses can take retirement portfolio.


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