9/28/2015 – Why I’ll Still Own Lots of Stocks When I’m Old (Money)

When EBRI recently released its annual 401(K) database report, most observers were heartened that balances and growth rates were up for a large cross-section of retirement plan participants. But there was one curious finding: equity holdings had dropped between 2007 and 2013, especially among older participants. By the end of 2013, 24% of people in their 50s and 60s had no investments in equities at all, compared with 18% in 2007. Meanwhile, the percentage of 60-year-olds with more than 80% of their 401k in equities dropped from 33% in 2007 to 25% in 2013.

Read the full article in Money.