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Would appreciate if somebody can tell me why I am wrong.

Well, you've given a date that is sort of picked at random. That is the date the last of the baby boomers will have reached 65. But most of them will have already retired by then. And you make it sound as though everyone is going to wake up on the same day and sell every single share of stock they own. Distributions start at 59 1/2, and you are required to start taking them at 70. But that means start. They aren't going to sell everything all at once. They're going to sell one year's worth of distributions, then the next year they sell another year's worth of distributions.

Also, in spite of what you read, not every baby boomer has three million in stock sitting around waiting to be sold. A lot of them have only miniscule amounts. And a lot of the ones who do own stock don't have all of it in 401k accounts. A lot of the stock is in other accounts that don't count as retirement accounts. (Simply because there are limits as to what you can keep in your retirement accounts. Many people don't like their 401k offers, and they can only put $2000 a year in an IRA. Many of them save outside those accounts as well as within them). These extra accounts do not have to be distributed according to IRS law. People will simply be taking the dividends on stock they own.

It isn't something I would panic about. There will probably be a gigantic meteorite crashing into the earth before then.

Either that, or we'll wipe out the ozone layer, and we'll be dead. <grin>

Nancy
still wondering what the end will be
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