Nearly half of Vanguard 401(k) investors actively managing their money and over age 55 held more than 70% of their portfolios in stocks. In 2011, 38% did so.
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America’s retirees are investing more like 30-year-olds
“The spirit of the times is ‘Don’t worry about the markets crashing. They will come back up and set new highs,’” said Robert Shiller, a Nobel Prize-winning economist at Yale University.
