The leading edge of the 76 million Baby Boomers, who are about to reach 60 and be eligible for some retirement benefits, have invested their money in large-cap stocks.
They have nearly 40 percent of their assets in these blue chip stocks, which are most often favored by conservative investors.
They are a little more conservative than younger Boomers, according to a survey of how Boomer executives are investing their money.
To get a snapshot of how Baby Boomers who are executives are investing for retirement, Clark Consulting issued its Executive Retirement Report - The Baby Boomer Edition.
According to Clark's Executive Retirement Report, Baby Boomers overwhelmingly favor large-cap stocks, with these funds comprising 36.9% of all assets measured.
Money markets were a distant second at 13.2%, while fixed income was a close third with 12.7% of total assets measured.
As part of the largest demographic group in our country, the investment choices of Boomer executives may be an economic bellwether," said Tom Wamberg, CEO of Clark Consulting, himself a Baby Boomer.
My peers and I comprise nearly 26% of the U.S. population.
We have impacted American society since the 1960's youth culture and spawned the consumer-based yuppie culture of the 1980's that still exists.
Baby Boomers have become accustomed to a high standard of living, and where and how we invest for retirement will definitely have an impact.
After a year and a half of retirement, the focus on what is important and what is not, is becoming much clearer as time passes by. At this point in time they are, keeping healthy, both in mind and body and being wise in our investments, so we can get a return and hopefully be able a little more comfortable in our later life.
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