I’m a “baby boomer” but I’ve only had exposure to the stock market for about 18 years (thru retirement accts). I have recently gone “all-cash” and will not reinvest.
If one is nearing retirement and can no longer risk potential loss of principal, then it stands to reason that they will pull out of the stock market if they have exposure to it in these volatile times.
I have no doubt that many of my “compadres” agree with this.
