What your Financial Adviser is not telling you about the Budget

What your Financial Adviser is not telling you about the Budget
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We have all heard of 'Climate Change Sceptics',
but there is another insidious group of cynics,
the 'Baby Boomer Bust Sceptics'.
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This Boomer Wave Sceptics group denies that the overwhelming evidence
of the Baby Boomer Retirement Tidal Wave
is having any real effect upon our Economy .
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The above Graph shows the Demographic of the number of people turning 65 in Australia every week . We can see the dramatic increase between 2001 and 2029. By 2025 nearly 6,000 people will be turning 65 every single week, and this is why the current Government wants to raise the Retirement Age to 70.

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1) Why are some Financial Advisers not warning their Clients about the coming Baby Boomer Retirement Tidal Wave ?

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It is much easier to deny the reality of the above Demographic, than to try to create a Solution for Clients to survive this Retiree Wave. The fact is that Australia's population is ageing, and this rapidly increasing age group require pensions, and healthcare and other entitlements. The Baby Boomers will be renowned as the most selfish population segment in history, because most are only concerned about their entitlements, and have little regard for how their children and grandchildren are going to pay for their Retirement Lifestyles.

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The Baby Boomer Bust concept is known as a 'Hot Potato' amongst some Financial Planners, so very little effective financial strategies are created to assist clients to deal with the Boomer Wave problem. By denying the problematic nature of the Retiree Demographic, nothing has to then be done to provide a Financial solution for Clients. "Baby Boomer Crisis, what crisis ?" has been the mantra of the Boomer Sceptics amongst Advisers, which has led to the paralysis of  any effective discussion of Economic programs to counter the effects of this huge issue. This demographic of Boomer Retirees is similar in Australia , New Zealand and the UK . However the USA is better positioned to deal with their 77+ million Baby Boomers because of their constant intake of new migrants.

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Would you like to discuss financial strategies to beat the effects
of the coming Boomer Tidal Wave ?
Phone Alpha Finance Strategists +61 0423 585 932 .
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Disclaimer -
This article is not meant to be taken as financial or investment advice .
Before making any financial decisions consult with your Accountant
or appropriately qualified Financial Adviser.