Male Baby Boomers take more investment risks than women, according to data released by the Insured Retirement Institute.
When choosing an investment vehicle, 22.2 percent of male Boomers favored rate of return and 15.3 percent favored past investment performance. By comparison, rate of return was favored by only 15.1 percent of female Boomers and just 11.5 percent chose past performance.
Women were more likely to choose a retirement vehicle based on guaranteed monthly income and financial advisor recommendation, or 17.6 percent and 17.2 percent respectively, compared to 14.4 percent and 12.7 percent of male Boomers.
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