People invest in stocks to provide for their retirement. TRUE FALSE

Question

Social Studies

Margaret Faulkner

8 September, 15:15

People invest in stocks to provide for their retirement. TRUE FALSE

+1

Answers (1)

Know the Answer?

Colton Franklin · Answer 1

True

Explanation:

True

Most people tend to invest in the stock market while they are younger to provide for their retirement. Mutual funds are the main source of retirement funds from companies. As they get older, less of their fund go into the market. When they reach retirement age, most of their funds go into less risky investments. There are always exceptions. A few people use real estate or other investments to finance their retirement.