Tom Cruise is not the only male baby boomer willing to dabble in a little “risky business.” According to a recent study, boomer men like walking on a fine line that offers bigger rewards. And a bigger fall down.
According to the report developed by The Insured Retirement Institute (IRI), male baby boomers tend to embrace more risk than the female boomers when selecting investments.
“When selecting a retirement investment product, the most important feature to male boomers was rate of return followed by past investment performance,” according to the report.
By the numbers;
* 22.2 percent of male boomers favored rate of return
* 15.3 percent selected past performance
* 15.1 percent of female boomers favored rate of return