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AARP Warns Senior about Pulling Retirement Funds

September 25th, 2008 by flanews

The AARP is asking seniors to be patient with their investments. Many seniors rely on retirement funds invested in the stock market as part of their income. The AARP says the trouble on Wall Street has caused some Florida seniors to panic and make bad investment decisions. AARP Spokesman Dave Bruns said some advisors are trying to cash in on worried seniors.

People who are under financial stress, it can make it really difficult to think clearly about investment options. The problem is there are unscrupulous advisors out there whod like to take advantage of that vulnerability right now, said Bruns.

Bruns said seniors should hold tight to their investment accounts and really consider the consequences before taking money out of their retirement fund.

Posted in State Budget, State News | 2 Comments »

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