Why Baby Boomers can not retire

I just read a great article about Baby Boomers and retirement. It includes 11 key reasons why Boomers will not be prepared for retirement.
One thing that I have learned, many Boomers wait too late to: 

• Tour an Assisted Living or Retirement Community before it is time to downsize. It would benefit to know the options while it is a choice.
• Sit down with an Estate Planner
• Ask about Veterans Benefits
• Explore your financial portfolio
  
  Here are key points from the article.  Enjoy!
  
  It's no great secret that America is getting older.

But John Stoltzfus, chief market strategist at Oppenheimer, says the retirement investment landscape is worse than people think.

He listed some reasons this aging demographic should be concerned:

1. The wholesale demise or dismantling of traditional defined benefit pension programs.
2. The widespread underuse of 401k plans (defined contribution plans.)
3. Potential for increasingly later age requirements ahead to get full social security benefits as Washington lawmakers work to preserve the program for Boomers and generations that follow.
4. Reduced cost of living.
5. General public not knowing the importance of asset allocation and long-term planning in allocating money within 401K plans.
6. The tendency for 401k participants to select low yielding non fluctuating choices on 401K menus.
7. General lack of personal investment programs.
8. Emphasis by too many individuals on DIY programs and not use experienced market and retirement professionals.
9. Taking early distributions from 401k plans to meet nonemergency needs.
10. Taking early distributions from 401k plans as the result of personal emergencies tied to job loss, health and other unavoidable issues.
11. Low interest rates in traditional savings vehicles.

"All 11 of these points add up to a veritable recipe for trouble for a generation as well as for the society and generations that will have to support those unprepared for 'the long haul' ahead once they can no longer work," he concludes.