"The rich -- those with $ 250,000 or more -- do not follow the life cycle approach to investing," says Fran Kinniry, Director of Vanguard Investment Strategy Group in Valley Forge, Pennsylvania They are more interested in moving to the next configuration wealth -- in this case, turn to actions, because they have a longer term view that the withdrawal should begin. Not all baby boomers expect to spend all their money for retirement.
technology funds, the darling of 1990, lost an average of 8.8% per annum over the last decade. The property, which is half of the decade, lost an average of 17.1% annually over the past three years. The 2000-02 bear market was the worst since the Great Depression, at least until the bear market of 2007-09. That can lead baby boomers to move from stocks to bonds and bank CDs, however, bear markets are the ardent soul that has characterized the beginning of this century.
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