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2016-07-13 — bloomberg.com
Older boomers have experienced what is arguably the best-case scenario: The S&P 500 has returned 269 percent since its March 2009 low. As a recent study in the Journal of Financial Planning shows, wealthy retirees can be very cautious about spending down their savings. This instinct, along with the stock market's new record, suggests that many boomers are likely to end up with far more money than they know what to do with.
... The wealthiest fifth [of retirees] had a gap of as much as 53 percent between their spending and what they could have spent.. In other words, these affluent Americans retired and then continued to get richer. That's quite a feat when you're no longer working, particularly against the backdrop of the mediocre stock market of the early 2000s.
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