Wednesday, July 19, 2006

Why “Retired” Boomers Will Need Your Investment Help

The real-estate segment on the Nightly Business Report mentioned below reminds us that baby boomers aren't going to retire if they can help it:

“Since many baby boomers plan to stay on the job beyond the age of 65, more active adult communities are popping up near major business hubs like Chicago.”

As the AARP keeps saying, most boomers don't want to stop working even if they can afford to. That's good news for wealth managers. The old generation of affluent retirees tended to be do-it-yourself investors. That was their retirement hobby.

If HNW boomer retirees keep busy working and traveling, they won't have time for investing.

(Hear a great thumping sound? Must be opportunity knocking!)

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