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Bonds backfired on boomers in 2022
After last year’s market turmoil, younger investors are faring better than older investors. According to Fidelity Investments, “the average 401(k) balance for millennials stood at $48,300, up from 2021; however, the average 401(k) account for boomers held at $220,900, down from $249,700 in 2021. So why are older investors suffering? Daniel deVise reports on why retirement-age investors did not fare so well. Read Mr. DeVise’s article here…
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