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To: The Philosopher who wrote (29649)	11/24/1999 2:31:00 PM
From: Zoltan!	Read Replies (2) \| Respond to of 77400

>>. But starting in about 5-8 years, as the first boomers hit their sixties and start retiring in earnest (I was the front end of the boomers, born in 44, and will retire by the time I am 60, in 5 years), they will a) stop investing through 401(k), IRA, and other retirement, programs and b) start drawing out their funds. The peak of the Boomers was 1957 if I recall correctly. They will be 63 in 2020. I expect the Boomers to be big net stock investors until at least that time. >>Plus soc. sec. taxes will probably go up, sucking even more out of the market. Doubtful. Retirement age may go up and there will probably be some form of income test. >>Our generation is NOT going to sit back and let the Social Security we paid into all our lives desert us. And we will control enough votes to make sure it doesn't happen. The later Boomers and their progeny are FAR FAR bigger and they're going to demand that some % of their SS be allowed to be invested under their control. That's only fair.