Baby Boomer Retirement Bust


by Olga Vladi - Date: 2006-12-21 - Word Count: 374 Share This!

Seven out of ten Baby Boomers fear that they will spend their retirements as paupers-so says a recent study by Hartford Financial Services Group. With rising healthcare costs and companies contributing less and less to employee 401ks, it's no wonder Baby Boomers are worried.

Along with George W. Bush and Bill Clinton, a new generation turns 60 this year. Born between 1946 and 1964, there were an estimated 78.2 million Baby Boomers in the United States in 2005 and 8,000 people are projected to turn 60 each day in 2006 (U.S. Census Bureau).

These soon-to-be-retirees will need 10 to 15 times their annual salaries to retire comfortably, say experts from the Employee Benefits Research Institute. How much do they actually have? Three, if they're lucky. That leaves a sizeable deficit that is likely to be eaten by health costs and longer life expectancies.

In his groundbreaking new book, Baby Boomer Investing: Where Do We Go From Here?, world-class investor and fellow Boomer Georges Yared offers a solution. "In this book, I share my observations of companies that have defined their industries in our lifetimes, and predict which will be the next Microsoft or Google," he says.

Georges entered the brokerage business in 1979 as a rookie for Dean Witter Reynolds. In 6 years, he was in charge of 1,200 brokers in 40 different branches covering 11 states. In 2003, he joined ThinkEquity Partners as a senior partner and head of international sales. "I want to share my wealth of experience," he says, "to prevent others from facing retirements spent in poverty. My book will show you how to secure your future with the right investments."

Baby Boomer Investing: Where Do We Go From Here? will show you:

• The 5 high growth industries to watch
• The 42 companies that will be tomorrow's success stories
• How to pick stocks that yield the greatest returns

"By tracking lifestyle, healthcare, technology, communications and the growing area of alternative energy, I steer investors toward the stocks that will provide fortunes in the coming years," says Georges.

Whether retirement is 20 years away or just around the corner, Baby Boomer Investing will give future golf course jockeys the tools they need to achieve their fondest retirement dreams, so that their golden years are just that - golden.


Related Tags: retirement, investments, personal finance, baby boomers

Georges Yared entered the brokerage business in February, 1979 as a rookie stockbroker for Dean Witter Reynolds, now Morgan Stanley. In only 6 years, he was in charge of 1,200 brokers in 40 different branches covering 11 states. Georges continued to excel and in 2003, he joined ThinkEquity Partners as a senior partner and head of international sales. In his career, Georges has worked with over 5,000 individual investors, 100 professional portfolio managers and 150 research analysts. Georges' previous book, Stop Losing Money Today: The Art and the Science of Investing, was released in November 2006.

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