2 Reasons Stocks Are Still Great Investments for Seniors

2 Reasons Stocks Are Still Great Investments for Seniors
·4 min read

Switching all your savings to bonds will reduce your risk of losing what you already have, but there is a real opportunity cost in missing out on the larger gains offered by stocks. For example, let's say you're 60 years old with $750,000 of retirement savings so far. If you invested all that money in bonds and left it there until you retired at 65, you'd have just over $1 million if you earned a 6% average annual rate of return.

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