Book description
When it was first published, What If Boomers Can't Retire? predicted what would happen when boomers switched from buying stocks to selling them for retirement income. Since then-and as predicted by author Thornton Parker-stocks have become less important, prices have declined, corporations have shifted their emphasis from inflating stocks to just surviving, and there is currently a recession in full swing.This book shows that there is a bright side, however. If enough boomers work in their later years and preserve their capital, and if the country improves the way it uses capital, the results can lead to fuller lives for millions of people, healthier communities, and more sustainable economies worldwide. Parker details specific actions that individuals and organizations can take to gradually make the shift from the dangerously risky pursuit of phantom wealth to productive investments based on real accomplishments, goods, and services.
Table of contents
- Cover Page
- Title Page
- Copyright Page
- Foreword
- Preface to the Paperback Edition
- Acknowledgments
- Introduction: Beware of Phantom Wealth
-
PART I Baby Boomers and Their Retirement Plans
- CHAPTER 1: Social Security: The Tip of the Retirement Iceberg
-
CHAPTER 2: Can Stocks Help Baby Boomers Retire?
- The Five Main Sources of Income for People Over 65
- The Stocks-for-Retirement (SFR) Cycle
- The Critical Flaw in the SFR Cycle
- System-Failure Analysis
- Foreign Buyers
- Retirement Investments for Income
- Real Returns and Phantom Returns from Stocks
- The Scale Effect Problem
- Retirement Plans and Pyramid Schemes
- What Else Might Happen?
- Summary
- CHAPTER 3: Views from Eight Other Books
- CHAPTER 4: How Baby Boomers’ Later Years Will Unfold
- PART II Phantom Wealth and Its Effects
-
PART III Guiding the Future—Yours and Society’s
- CHAPTER 9: How We Can Meet Our Real Needs
- CHAPTER 10: What Individuals Can Do
-
CHAPTER 11: What Organizations Can Do
- Due-Diligence Analyses of the Stocks-for-Retirement Cycle
- Evaluate Retirement Portfolios Realistically
- Develop Active Aging Programs Rather Than Just Retirement Programs
- Form Active Aging Clubs
- Develop Ways to Avoid the Impossible Decision
- New Financial Instruments and Institutions
- Economics, Accounting, and Transactions
- Foundations, Experiments
- Virtuous Cycles
- SEC1 and SEC2
- Summary
- CHAPTER 12: Conclusion: How to Change a Very Big System
- Appendixes
- Notes
- Glossary
- Index
- About the Author
- Berrett-Koehler Publishers
Product information
- Title: What If Boomers Can't Retire?
- Author(s):
- Release date: November 2002
- Publisher(s): Berrett-Koehler Publishers
- ISBN: 9781605098081
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