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."
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.