• Mike V.

Weekend Reading



Bloomberg: Fidelity to Baby Boomers: Lay Off the Stocks


That’s the message from Fidelity Investments in its third-quarter retirement report. Boomers, or the generation born between 1944 and 1964, have been riding a 10-year bull market into retirement, steadily upping bets on stocks to boost 401(k) returns and exposing them to unnecessary risk. More than a third of the generation had crossed over Fidelity’s recommended allocation to stocks, which is 70% for those 5 years from retirement. Almost 10% of boomers were entirely in equities during the quarter, running the risk of serious losses in a market meltdown. By comparison, almost a quarter of all savers had too much devoted to stocks.

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