While Joe Biden is getting ready for his new job, his old buddies are hanging it up as the baby boom retirement wave is beginning to hit the United States in full force.

A record 3.2 million baby boomers retired in 2020, according to Pew Research, more than twice as many as retired in 2019. Even if that is a brief uptick caused by the coronavirus (boomers might hate Zoom meetings more than the rest of us), it still looks like a signal of the tsunami coming soon.