@IrisDuane The real reason is that O65’s have a significantly lower ability to bare risk than people younger.
A 50% drawdown in the stock market would halve their money and wouldn’t allow them time or the ability (working) to recover it.
Hence, their should be majority in cash or FI
@AdamOxsen Saying big government took the wealth is one of the stupidest things I’ve ever heard.
Good job on doing thorough research until it countered the shitty point you’ve tried to crowbar in.