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U.S. retirees try to keep cool as stocks tumble

January 5, 2019

From the Reuters website

Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of anxiety over the biggest December stock market rout since Herbert Hoover was president.

“I have not looked at my numbers. I’m afraid to do it,” said Farrington, who recently moved to Charleston, South Carolina, from Boston. “We’ve been conditioned to stand pat and not panic. I sure hope my advisers are doing the same.”

Retirees are worrying about their nest eggs as this month’s sell-off rounds out the worst year for stocks in a decade, and some fear they are headed for a day of reckoning like the 2008 market meltdown or dot-com crash of the early 2000s.

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