Challenges for US Baby Boomers Approaching Retirement

This report by Allianz Global Investors looks at the challenges facing US baby boomers as they approach retirement. Planning and saving for retirement has long been contingent on making sufficient contributions and choosing the right investments. Attention in the past was predominantly focused on the accumulation of pension wealth. It is not that accumulation has become less important. The difference is that individuals increasingly are assuming more responsibility for managing the dissaving process. In the last few years, the focus has shifted to converting accumulated pension assets into a retirement income stream. The US retirement market faces a compound problem. A lack of savings and an often insufficient knowledge of how to manage the dissaving process are two conspicuous challenges.