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Retirees Are Too Pessimistic on Their Investments—And It’s Costing Them

May 17, 2017

Via: Time

Growing old and cranky is a cliché that rings less true every time Jane Fonda walks on the set or Danny DeVito appears in a new movie. But even with healthy aging, we must fight the impulse to lose hope. Nowhere is that more clear than in our investments.

Adults in retirement are less optimistic than younger groups about future economic growth, stock-market returns and long-term personal financial well-being, new research shows. This may lead them to shift out of stocks too soon and cut spending more than needed, shortchanging their lifestyle and dreams.

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