So you're saying that there are Boomers who are just now finding out that giving up pension guarantees for the false promise of a market-driven 401k making them a petite bourgeoise jetsetter in retirement was a lie the entire time? Cry me a river.
Anyone who is near retirement should have transferred most of their 401k balance into bonds by now. That's something you start doing in your 50s as you plan, gradually reducing your exposure to market whims. If you were planning to retire in the last 5 years and you decided to stay in and essentially play roulette while markets surged to 36,000, and you failed to make appropriate fund transfers before or during the initial dips of this year's corrections, that's a risk you took and that's your business.
I swear to Cthulhu, Boomers truly are the laziest, most spoiled, worst fucking generation ever. The majority of them have little-to-no financial literacy and spent their prime earning years fucking around, buying whatever property and toys they wanted, figuring their future was secure in the markets; now they're finding out and blaming it all on their kids.
