June 27, 2007
Investment risk better for boomers
By Matthew L. Brown
Harvard-based retirement planning software company Still River says retirees shouldn't become too conservative with their investments.
The company released a paper entitled "Half-Baked Investment Concepts for Retirees" that argues that if retirees follow the advice of many investment professionals, those professionals and the markets are the ones making all the money.
Still River said if investors turn conservative when they retire, it threatens equity markets and those who depend on them to make their money. The study also argues that retirees are sometimes too willing to accept ideas that minimize risk-taking.
The company released a paper entitled "Half-Baked Investment Concepts for Retirees" that argues that if retirees follow the advice of many investment professionals, those professionals and the markets are the ones making all the money.
Still River said if investors turn conservative when they retire, it threatens equity markets and those who depend on them to make their money. The study also argues that retirees are sometimes too willing to accept ideas that minimize risk-taking.
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