Fewer investors are going all-in with their retirement savings.
Less than 10 percent of 401(k) accounts administered by Fidelity Investments were invested entirely in stocks last quarter. It's the latest step in a yearslong march toward more balanced nest eggs. Fidelity keeps records for 13.1 million 401(k) participants, and its figures reach back to 2001, when the dot-com bubble was deflating and 33 percent of 401(k) plans were entirely in stocks. The percentage has dropped every year since then.
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Putting all your retirement savings into stocks can be tempting. Stocks have the potential for much bigger returns than bonds or cash, particularly when bonds and money-market funds are offering such low interest rates. Last year, the Standard & Poor's 500 index returned 32.4 percent, catnip for aggressive investors looking to maximize their savings.