Cahill, Kevin E.; Soto, Mauricio - Center for Retirement Research (CRR), Boston College - 2004
retirement savings to the bull market of the late 1990s saw their portfolio shrink, often in dramatic fashion. Now that the stock … returns on their retirement savings? In spite of the large fluctuations in the market, most investment advisors still offer … based on widely-accepted results of economic and financial theory. In fact, theory emphasizes that the typical investor …