In 2013 babyboomers start retiring big time.

[Swede]

What will some of the effects be. Will I have a pension at 65?

[Zhade]

1. No.

But then, no one will. So you're not alone.

[Friar]

2. Some of us already got retired

by the BushCo depression. Try finding a job in this "economy" if you're over 50. There's plenty of younger people who can work longer hours for less money. Gee, you think they might've planned that?

[E_Zapata]

3. They hoped to retire, but the stock crashes set everyone back 10 years

No kidding.

Imagine having a 401K worth $1 mill, and having it decrease to half or less, and then trying to build that back up to a mill again, and then when you do in about 5 or 7 years, to start saving again from the point where you were in 2001.

And looking at the economic horizon, we are in a depression.

Oh, retirement age will be at about 75/80 years old.

Basically, the middle class will be working till their deaths or living in shacks just like the po' people have done for time memorial.

[Palacsinta]

5. You got that right.

My husband is sixty and probably will have to teach piano until he's ninety-something. He says he'll know when it's time to quit if a student pokes him to wake him up and he falls off the bench.

We did have a nice retirement planned, did everything we were supposed to do, invested like we were supposed to do, saved like we were supposed to do, worked hard.....but alas.......

I suppose it'd be easier to take if we had assumed alot of risk, but we didn't. So many factors were out of our control........including the behavior of Dennis what's his name, the Tyco creep!!! I'm watching his "trial" with interest!

[Swede]

4. Being a bleeding heart liberal

I was really saying what the heck is going to happen to society once we start retiring.

[billyskank]

7. All the social programs will have to be cut

because we won't be able to afford them any more. Oh hang on, Bush will already have cut them. Guess it doesn't matter then.

[tedoll78]

6. To be honest..

this is one of the many reasons I'm getting into the healthcare field. There are shortages in all sorts of related professions, and they will only get more severe as the baby boom generation begins to retire en masse. With this career plan, there will be better wages and job security - on top of the chance to do some good for peoples' lives.

Seriously though.. I worry about the healthcare system being able to handle to volume of work that is oncoming. I fear that it will be a huge wreck, and that care will be restricted to those who can afford it. Scary as hell.