Retirees and pre-retirees overwhelmingly express concerns about protecting retirement savings from stock market losses, yet many say their primary investment goal is to grow rather than to preserve assets, according to a new study from Massachusetts Mutual Life Insurance Co.
The MassMutual Retirement Savings Risk Study found 94% of pre-retirees and 92% of retirees “strongly agree” or “somewhat agree” that it is important to take steps to avoid major stock market losses right before retirement. One in two pre-retirees (49%) and one in three retirees (32%) are apprehensive about taking too much investment risk, the study finds.
However, the study finds […]
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