Baby Boomer Retirement Accounts Risk Long-Term Hit in Stock Rout

For Baby Boomers, now is a particularly bad time for a market selloff.

The S&P 500 is down more than 9% from a recent high on fears of a recession and trade-war risks. Everyone, of course, hates to see their portfolios decline. But the economic consequences could be severe if baby boomers, in particular, see their investments continue to shrink.

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Much of the cohort, born between 1946 and 1964, is in the early years of retirement, or preparing to leave the workforce. And if they were to suffer persistent and deep losses while needing to ...