Baby boomers are being too conservative with their investment strategies and are not saving enough money for retirement, according to a recent Legg Mason Inc. study. The study found that baby boomers that invest in defined-contribution plans, like a 401(k), have an average of $263,000 saved, less than half of the $658,000 they say they will need for retirement. Cicero Research conducted the survey for Baltimore-based Legg Mason (NYSE: LM). The results are based on responses from 900 U.S. participants,…
from http://www.bizjournals.com/baltimore/news/2017/07/05/legg-mason-says-youneed-to-invest-more-for.html?ana=RSS%26s=article_search
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