Americans Are Taking Fewer Crazy Risks With Their Retirement Money
401(k)s are getting more balanced, new data show
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To prepare for retirement, workers need to do two things: save enough and choose the right investments. The first is essential, and many Americans aren't saving enough to retire on. But for those who are saving, there's good news: Their retirement money is ending up in a better mix of investments.
New data on the 3.6 million participants in Vanguard Group retirement plans as of the end of 2014 (there are now 3.9 million) show that workers are taking fewer extreme risks with their portfolios.