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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

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Categories
Lessons from late boomers’ investment pitfalls
Naomi Fink
Retirement Economist

 


 

 

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.

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Naomi Fink is a retirement economist with 23 years of industry experience (as-of 12/31/2021). She holds a Master’s degree from Barcelona GSE.

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