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An Analysis of Investment Advice to Retirement Plan Participants
Zvi Bodie via the Pension Research Council 
Oct. 2, 2002 27 pages; working paper. Excerpt: This chapter examines the investment advice currently provided to participants in self-directed retirement plans (401k, 403b, etc.) by financial service firms and investment advisory services. It finds much of the advice to be logically flawed and dangerously misleading. There exists a strong bias in favor of investing retirement savings in the stock market without insurance against a market decline. [WP2002-15] MORE >> |
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