Why 1966 Was The Worst Year to Retire (And Why That Matters in 2023)

Retirement Talk Podcast with Laura Stover

English - September 06, 2023 12:00 - 27 minutes - 37.4 MB - ★★★★ - 38 ratings
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Previous Episode: Are You Making These 5 Common Retirement Mistakes?

Next Episode: ‘The Baby Boomer Dilemma’ Documentary Exposes America’s Failed Retirement Experiment

Laura Stover, RFC® and Michael Wallin, CFP® discuss why 1966 was the worst year to retire and why it matters in 2023. They explore the market downturn in 1966 and its impact on retirees, as well as the similarities and differences between that time period and the current economic climate.

The market downturn in 1966 was a harbinger for difficult times ahead, with inflation and recessions following in the years to come. The current economic climate has similarities to 1966, with factors such as civil unrest, war, supply chain issues, and a contracting labor force. The lack of pensions for retirees today makes them more vulnerable to market volatility and the need for a solid income plan. Stress testing and having a diversified investment strategy can help retirees navigate uncertain times and increase their probability of success.

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