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 downfall.
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.