“Even after they retire, prosperous Individuals are rising wealthier, due to the sturdy inventory market,” wrote Ben Steverman on Bloomberg. Child boomers began turning 65 in 2011, marking the unofficial starting of their retirement years. The timing couldn’t have been higher for older boomers, who’re already a part of the wealthiest technology in U.S. historical past. Since then, the broad S&P 500-stock index is up 91 p.c, together with dividends. U.S. shares hit a document excessive yesterday. Market efficiency within the early years of retirement is an important fear for anybody dwelling off a nest egg. Within the worst-case state of affairs, shares crash simply as retirees begin spending their financial savings, leaving them in a gap they’ll not earn their means out of. Older boomers have skilled what’s arguably the best-case state of affairs: The S&P 500 has returned 269 p.c since its March 2009 low. As a latest examine within the Journal of Monetary Planning reveals, rich retirees will be very cautious about spending down their financial savings. This intuition, together with the inventory market’s new document, means that many boomers are more likely to find yourself with far more cash than they know what to do with. (bloomberg.com)