Baby boomers, beware!
Alex Sussman, senior vice president and manager of Segal Advisors Inc., says older baby boomers may need to pull in their oars because of market volatility.
He suggests a successful retirement plan centers on more conservative investing, using more hedged products and saving. The moody stock market underscores the importance of the boomers' defined benefit plans, he added.
Another reason to tread carefully, is the precarious future of Social Security. For now, Social Security income exceeds outlay by $30 billion; but by 2012 the tables could turn.