Why should I invest while the tsunami wave of baby boomers are about to try to retire. I'd rather buy after all their investment and equity liquidations and downsizing have pushed down value far below what it is now. Buy low and sell high is great but buying high and selling low is stupid.

Grant84, you might consider that the majority of boomers aren't exactly ready for retirement, so the mass exodus you are anticipating could be less than you anticipate. Many boomers are also strictly Social Security and will continue in some employment since Social Security isn't enough to live on. Those of us who have invested won't be immediately liquidating, but taking only portions at a time or interest withdrawals, leaving the principal to continue earning.

Your best bet is to get something going now because Time Is Money. It takes time, lots of time, for interest or investment incomes to accrue. A person who invests or saves $50/mo. at age 20 will have a lot more at retirement than one who waits until age 40 and saves twice as much.

Above all, avoid (like the plague), any get-rich- quick schemes. If any one accosts you and says "Who wants to be rich?," run away like the devil because the person speaking wants Your money to make Himself rich.

For all of you out there, in spite of uncertain times, there are still safe investments. Study it out. Don't go in to anything without getting a good understanding of handling money. Emotional investing is a dangerous practice. Use your head. Don't invest on whims or on "safe, surefire" tips you heard by rumor. Investing and financial gambling are two opposites. Warren Buffet didn't get rich by being an idiot.

I will never understand why people don't contribute the max their company will match. They are leaving a 100% return on the table. Ridiculous! It isn't too surprising though given America's phobia of saving for anything that will happen more than 15 minutes from now.

Does anyone else see how terrifying this article is?!? Estimates are $30,000 will grow to $76,000 in 20 years. YIKES!!! That $30,000 better grow to $1 million in 20 years if I want to retire close to the standard of living I have today.

Thank goodness my employer still offers a pension!!!

My Uncle has been doing a really bad job managing his finances. I told him..."Sam, you need to pay your bills, stop running up debts, and you need to stop borrowing from the whole world to make ends meet". So far he isn't interested in my advice.