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Fidelity To Baby Boomers: Lay Off The Stocks

TedTed
in The Bullpen
FYI: Hey, 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.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-11-14/fidelity-warns-that-many-baby-boomers-take-too-much-equity-risk?srnd=markets-vp
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