Who do I listen to?

[Dave T]

Well, those boomers that are not prepared for their retirements won't be waiting until age 70 to start making withdrawals from their retirement accounts. 

Since your question focused on those boomers who are forced to "start" making withdrawals at age 70, you are automatically excluding from discussion all those who are not prepared for their retirements.

Those boomers who are not withdrawing from their retirement accounts until forced to start making mandatory withdrawals obviously don't need the money for their retirement lifestyle.  These folks will probably stay invested in the markets in taxable accounts.

[phlemboy]

Well I was actually including everyone with entitlements. I've read that over 60% f babyboomers are counting on some sort of govt. entitlement. Now I need to be VERY clear here. The babyboomers that are going to need this assistance are the ONLY generation that has paid into the system from the beginning. They deserve it. But these entitlements were not meant to pay for the sky high medical costs. Many of these people had TRUE pension plans where the company paid them for life after they retired. They never had a 401k or anything like that. O.k I'm rambling now. But anyway, I don't know how the govt. is going to pay for the bill that's coming. Perhaps it will do what they've done from the start. Borrow enough to push the problem on to the next generations and politians. It's a pretty big HOT POTATAH!!

[propertymanager]

If you have 75 million people taking out $1,000/mo. that's 75 Million/ month!

If you have 75 million people taking out $1,000/month, that's 75 BILLION/month or $900 BILLION per year.

But anyway, I don't know how the govt. is going to pay for the bill that's coming.

Common sense again - THEY ARE NOT GOING TO PAY THE BILL!  The money simply is not there and won't be there.  I heard on the news today that Medicare will be broke in 2019 - that's only 11 years from now.  Unfortunately, I don't think we'll make it that long.  I think the whole house of cards will collapse long before that.
 
Mike

[phlemboy]

If you have 75 million people taking out $1,000/mo. that's 75 Million/ month!

If you have 75 million people taking out $1,000/month, that's 75 BILLION/month or $900 BILLION per year.

But anyway, I don't know how the govt. is going to pay for the bill that's coming.

Common sense again - THEY ARE NOT GOING TO PAY THE BILL!  The money simply is not there and won't be there.  I heard on the news today that Medicare will be broke in 2019 - that's only 11 years from now.  Unfortunately, I don't think we'll make it that long.  I think the whole house of cards will collapse long before that.
 
Mike

  That's what I mean. This is an issue that should be at center stage with all these "candidates". Instead, they're going back and forth about the hottest issue in the media. Ya' know, things like whether Hillary actually dodged bullets in Iraq, is Obama a racist due to his pastor's rantings, where is McCain's plan for the the housing CRISIS! It appears to me that the US will just borrow to stay afloat. When or credit is used up, down comes the house of cards. I look at our country like a business. If we run it like a well run business, I think we have a chance. The problem is that we're going to run out of time to turn the "business" around. 
This self education is hard! I'm not sure I want to know all this!! Where the hell did I put my ROSE COLORED GLASSES? Oh here they are.. Ahhhh, that's better

[dr_white]

One other thing, if the babyboomers are REQUIRED to begin withdrawing from their IRA's at age 70, isn't that a lot of money leaving the stock market?

Yes. That's exactly what happened in Japan to their stock market. Read up on it. Be very watchful for a similar situation to happen here in the U.S.
More money has been lost in ALL types of investments due to the phrase, "But this time its different!" Everytime someone utters that phrase remember your little green friend from REIClub.com --> 

[Deal Hunter]

Shore up your financial house. 
1- Get out of debt
2 - Find a source of perpetual income (I like rentals)
3 - Pay off morgage on your home so it's free and clear

Don't be surprised if:

1 - Massive tax reform takes away many RE investor/homeowner deductions to help pay for baby boomers costs.
2 - Mass amnesty of foreigners into U.S. is approved for a) people under 30, and b) people who are employable, skilled, or willing to start a business in the U.S. (This will be done to attempt to beef up the tax base by 30 million people in 10 years.)
3. Stock market is closed a couple of days a week to slow down sell-off.