Will Retiring Baby Boomers Crash the Stock Market?
June 17, 2012 by Paula Aven Gladych
June 6, 2012 •
The idea that the baby boomers — who began retiring in droves in 2011 — will eventually crash the stock market has been going around for years. But will it actually happen?
Cathy Pareto, president of Cathy Pareto & Associates, a wealth management firm in Miami, Fla., believes the idea is farfetched because people who retire don’t just yank all of their assets out of the market at once. They gradually shift their retirement assets from higher risk equities to lower risk bonds and stable value funds as they age, she said. Click here to read more…