The “Big Boom Theory” For Retirement: Millennials, Pay Attention; You Are Next

The “Big Boom Theory” For Retirement: Millennials, Pay Attention; You Are Next

Mom and Dad are lounging around their beach house, sipping Arnold Palmers (maybe with Arnold Palmer), deciding which golf club to use, which trip to take, and how to keep spoiling the grandkids… all this leisure and fun financed by the steady stream of guaranteed retirement income, which is, of course, coming from Social Security, pensions and investments. The family home is paid off, there is no debt… life is good. I see a picture painted with rainbows and dancing gnomes.

“Being out of debt and retiring financially secure represent the American Dream for a majority of Americans, and most are optimistic that they can achieve it, according to the 2014 Credit.com American Dream Survey.

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