New data from Towers Watson shows many Americans' defined contribution plans suffer risky allocations when it comes to equities.
An all-or-nothing approach to stocks was seen in nearly 37 percent of the plans Towers reviewed: 22 percent were completely allocated to stocks, and 15 percent held no equity investments at all.
The extent of "extreme" investing has declined over the 10-year period beginning in 2004, but remains dangerously high, with some of the most troubling trends emerging in the retirement age demographic.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
