No Country For The Baby Boomers

• aby boomers in small retirement savings plans (SRSPs) face risks of losing lifetime savings in the next stock market crash.
• SRSPs are like the “Country” in the movie. Baby boomers are the “Old Men.” And the next crash is the soulless villain.
• Pooled Employer Plans (PEPs) are starting to catch on but do not provide sufficient protection for baby boomers in SRSPs.
• Baby boomers should take control of their savings, move them to safety, and ensure they are informed about their investments and rights under ERISA.The 2007 hit movie No Country for Old Men pits an “old man” played by Tommy Lee Jones who values justice, morality, and lawfulness against a younger vicious man who acts according to his own immoral codes, played by Javier Bardem. The “Country” in the movie is 1980s desolate desert plains Texas near the Rio Grande – wild and woolly.

The “Country” in this article is the wild and woolly market of small retirement savings plans (SRSPs), with less than 100 participants. The “Old Men” are baby boomers who cannot afford to lose their lifetime savings. And the villain is the next stock market crash.

This post has been upgraded to a full article here.