5 Brilliant Money Moves Baby Boomers Are Making in Retirement

This article takes a look at the 5 brilliant money moves baby boomers are making in retirement. If you wish to check out our detailed analysis of Baby Boomer wealth and retirement, you may go to the 12 Brilliant Money Moves Baby Boomers Are Making in Retirement.

5. Investing in Stocks

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Baby Boomers are making some savvy money moves by investing in stocks. This cohort initiated their investment journey during the prosperous era of the 1980s when the stock market experienced significant success. As of 2023, the Wall Street Journal reports nearly two-thirds of US adults owning equity through individual stocks, retirement savings accounts, or mutual funds.

According to Federal data, Baby Boomers, in particular, hold 56% of mutual-fund wealth and corporate equities. Although over-investing in stocks isn’t prudent given market volatility, it’s essential to allocate a sufficient portion to them to ensure that retirees’ nest eggs continue growing throughout their retirement.