TITLE

Investors learn not to gamble with life savings

AUTHOR(S)
MORGAN, JOHN
PUB. DATE
May 2009
SOURCE
Employee Benefit News;May2009, Vol. 23 Issue 6, p54
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article examines why many retiring baby boomers lost their life savings in the stock market as of May 2009. The entry notes that one out of five near retirees and retirees invested more than 90% of their portfolios in risky equities. Analysts cite that retiree-investors can earn back lost investments depending on the performance of the market, and by their willingness and ability to continue working past retirement. It mentions that almost 60% of new retirees can save retirement money by reducing their standard of living by 24%.
ACCESSION #
40537899

 

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