'OK, Boomer' Stop Buying Stocks, Fidelity Warns | WHAT REALLY HAPPENED

'OK, Boomer' Stop Buying Stocks, Fidelity Warns

Fidelity Investments in its third-quarter retirement report has a new warning for its greedy baby boomer clients: portfolio risk has never been higher as retirees are overly exposed to equities, running a serious risk that the next market meltdown could wipe out their retirement accounts, reported Bloomberg.

The report notes more than 33% of baby boomer clients have exceeded Fidelity's recommended allocation to equities.

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