Legg Mason says you need to invest more for retirement and put the money into stocks

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
from http://baltimorecheckbook.tumblr.com/post/162635668602

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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