Newswise — The current economic recession couldn't have come at a worse time for America's aging Baby Boomers, who are watching their retirement plans go bust.

Deena Katz, an associate professor of personal financial planning at Texas Tech University, will testify before the U.S. Senate Special Committee on Aging today as part of a hearing called "Boomer Bust: Securing Retirement in a Volatile Economy."

Hearings begin at 10:30 a.m. Eastern Standard Time and will be webcast live at http://aging.senate.gov/.