Put another way: What happens to the S&P 500 when the Baby Boomers see a spike in death rates and their estate liquidates their assets?
Put another way: What happens to the S&P 500 when the Baby Boomers see a spike in death rates and their estate liquidates their assets?
Generally speaking, their inheritors keep the funds in the market. If the Boomer has a significant amount in their 401K, a fiduciary is just going to tell the next of kin to keep it market, and most people fill out a Time of Death Beneficiary so the account just transfers over to their heirs. Unless they’re in heavy debt or need a down-payment on a house, most people will just keep the account.