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Retirees should look both ways when crossing Wall Street

 

Last updated 1/30/2018 at Noon



Mario Henry

Special to Valley News

Most Americans don’t trust Wall Street, yet many will put the bulk of their retirement savings in the stock market’s hands.

The increasing disappearance of company pensions and the growing popularity of the 401(k) have shifted the retirement-planning paradigm from employer to employee over the last 30 years, pouring billions of dollars into the stock market. Now nearly half of the 127 million American workers who put in at least 35 hours per week participate in 401(k)s.

On the other hand, less than a third of Americans in a recent Bloomber...



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