That’s the conclusion from a new paper from the National Bureau of Economic Research. The paper found that early boomers have only slightly more than 15 percent of their wealth in stocks, defined contribution plans or IRAs. Defined benefit plans, on the other hand, represent 65 percent of boomers’ pension wealth, and Social Security makes up over one-quarter of total household wealth. So how long will boomers have to delay retirement? One and a half months.
Feeling adventurous but need to save money? Here are 15 cheap places based on four key metrics.
A study from Fidelity says millennial ownership of IRAs increased by 20% year over year.
Schwab report finds much bigger allocations to mutual funds and ETFs in advised accounts.
Sponsored by Cavanal Hill Funds
The generation that controls 80 percent of personal finances is set to retire; thus, you need to find ways to connect to new types of clients.
Sponsored by LPL Financial
Find out how your practice can grow and thrive without sacrificing the quality, personalized service your customers are accustomed to.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.