http://www.consumerismcommentary.com/financial-services-companies-get-ready-for-boomers/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.consumerismcommentary.com/financial-services-companies-get-ready-for-boomers/comment-page-1/#comment-207625 Jenna Thu, 08 Jul 2010 19:52:03 +0000 http://www.consumerismcommentary.com/?p=8882#comment-207625 Anything for individuals? Anything for individuals?

]]> http://www.consumerismcommentary.com/financial-services-companies-get-ready-for-boomers/comment-page-1/#comment-207619 Doug Warshauer Thu, 08 Jul 2010 12:03:52 +0000 http://www.consumerismcommentary.com/?p=8882#comment-207619 That's an interesting thesis - that the financial services industry as a whole will benefit from the continued aging of the baby boomer generation, leading to their stock prices rising disproportionately to the rest of the market. I can't say whether it will happen or not, as there are so many unknowns: Will products targeted at retirees be more profitable than products targeted at 40-65 year olds? Will the gradual decline of assets owned by the baby boomer generation offset the profitability of these retirement-oriented products? Will changes in other areas of the financial services industry overwhelm the impact of changing demographics? (This last question gives me the most concern: it was the reduction of profitability in the financial services' core businesses such as trading commissions that forced them into the extremely risky trading businesses that lead to the market meltdown in 2008). That’s an interesting thesis – that the financial services industry as a whole will benefit from the continued aging of the baby boomer generation, leading to their stock prices rising disproportionately to the rest of the market.
I can’t say whether it will happen or not, as there are so many unknowns: Will products targeted at retirees be more profitable than products targeted at 40-65 year olds? Will the gradual decline of assets owned by the baby boomer generation offset the profitability of these retirement-oriented products? Will changes in other areas of the financial services industry overwhelm the impact of changing demographics? (This last question gives me the most concern: it was the reduction of profitability in the financial services’ core businesses such as trading commissions that forced them into the extremely risky trading businesses that lead to the market meltdown in 2008).

]]> http://www.consumerismcommentary.com/financial-services-companies-get-ready-for-boomers/comment-page-1/#comment-207612 Flexo Thu, 08 Jul 2010 03:58:30 +0000 http://www.consumerismcommentary.com/?p=8882#comment-207612 From what I've seen, some companies are focusing on a variety of annuities, and retirement products business-to-business or institutional clients, like group retirement plans. From what I’ve seen, some companies are focusing on a variety of annuities, and retirement products business-to-business or institutional clients, like group retirement plans.

]]> http://www.consumerismcommentary.com/financial-services-companies-get-ready-for-boomers/comment-page-1/#comment-207611 Evan Thu, 08 Jul 2010 03:53:49 +0000 http://www.consumerismcommentary.com/?p=8882#comment-207611 You have to believe that the company you invest in will use the money they get up front in a profitable manner, otherwise they will just be saddled with debt obligations they can't pay....also you have to believe that they are working with correct actuary assumptions You have to believe that the company you invest in will use the money they get up front in a profitable manner, otherwise they will just be saddled with debt obligations they can’t pay….also you have to believe that they are working with correct actuary assumptions

]]> http://www.consumerismcommentary.com/financial-services-companies-get-ready-for-boomers/comment-page-1/#comment-207594 Jenna Wed, 07 Jul 2010 18:06:22 +0000 http://www.consumerismcommentary.com/?p=8882#comment-207594 What are some examples of products financial companies are creating for retirees? Anything noteworthy? What are some examples of products financial companies are creating for retirees? Anything noteworthy?

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