Published March 09, 2012, 01:29 PM
CHICAGO — Cheryl and Jim Friedman, retirees in St. Louis, had two-thirds of their retirement money in the stock market in 2008. When the financial crisis struck that fall and stocks lurched up and down with nauseating speed, Cheryl, a former accountant, pulled the money out.
Market may be up, but the scars of 2008 are fresh
'People in retirement are having a heck of a time dealing with this volatility,' Fargo financial planner saysCHICAGO — Cheryl and Jim Friedman, retirees in St. Louis, had two-thirds of their retirement money in the stock market in 2008. When the financial crisis struck that fall and stocks lurched up and down with nauseating speed, Cheryl, a former accountant, pulled the money out.
By: Associated Press, INFORUM
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