Weather Forecast

Close
Advertisement

Kohl says baby boomers making risky investments, proposes legislation to direct funds

Email

U.S. Sen. Herb Kohl, D-Wis., of Menomonee Falls says too many baby boomers have risky investments that could derail their plans to retire in the next couple years.

Kohl, a Wisconsin Democrat, chairs the Senate's Special Committee on Aging which found that many people who plan to retire next year have 401-K money in volatile target-date funds with sharp declines.

Kohl said one such fund lost 41 percent of its value last year.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Advertisement
Advertisement