Naomi Fink
Late boomers who were hit hard by the 2008 financial crisis and COVID-19 disruptions have had to contend with a unique set of challenges as they have approached their retirement age. Capital Group’s academic research specialist Naomi Fink outlines how their experiences can provide important lessons for defined contribution (DC) plan sponsors and participants.
Key takeaways:
- Late boomers (those born between 1960 and 1965) suffered big job losses and market downturns late in their careers.
- Their misfortune spotlights vulnerabilities in today's DC plans.
- Plan sponsors play a key role in helping participants navigate uncertain economic environments and volatile markets.
You must be logged in to download the PDF.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
American Funds Distributors, Inc., member FINRA.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.