
In a study of the effect of the retirement of Baby Boomers on the price of equities, the GAO assumed that equities will provide real returns of 7% over the next decades. This figure is often cited in Wall Street promotional literature, but has no scientific basis.
Baby Boomers whose retirement plans are predicated on a 7% return on equities may find out, too late, that they have been misled by marketing flim-flam.










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