Baby boomers, heavily invested in stocks, are putting retirement savings at risk: Study

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Many people approaching retirement age today are heavily invested in stocks, potentially leaving their savings vulnerable to the next recession.

Americans are more financially prepared for retirement than they were just a few years ago, recent research found."If there was a market downturn, they could lose a significant chunk of what they've worked so hard to save," said Meghan Murphy, the vice president of thought leadership at Fidelity.

Roth IRA accounts among people 65 to 84 were more than 63 percent invested in equities, according to the Institute. The S&P 500 index rose more than 200 percent over the last decade. As a result, stocks have taken on a greater role in many portfolios."People love to see the market go up," Murphy said,"but you need to watch your equity exposure, too."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good to know

fidelity manage my IRA and they allocate 90% in stocks and 10% in bond. I have to email this article to the guy who manage my account.

Best just to sell everything in 09 never look back

Darla_Mercado This is not the stock market to have all of your portfolio in, even as a younger person. It is overvalued, fools gold. Boomers that are heavily invested in stocks are just gambling at this point.

The next post will be about how long we are expected to live in retirement and are investing too conservatively.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines