Will exchange traded funds (ETFs) have a large impact on baby boomers as they enter retirement? Probably.
Boomers are busy. They want simple, easy and fair-priced investment opportunities and ETFs correspond perfectly to those demands. We know that 89% of adults in their 70s and 87% of adults in their 60s said they were happy most of the time in the previous week compared to 78% of those in their 40s, according to Andrea Coombes for MarketWatch. The survey conducted for bank HSBC of 21,000 people in 21 countries spanning four age groups from 40 to 80 also showed that uncertainty matters more than money. With that in mind, a sound ETF plan might help contribute to older adults’ sense of security and hopefully happiness too.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.