Question

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

Answer 1

Answer:

True

Explanation:

While the means to why they invest can be different, most people invest in stocks to provide for their retirement. When you retire, it doesn't mean you suddenly don't have to pay for anything. You'll have to either save a large amount of money or have an investment to draw upon when you retire.

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Answer 2

Answer:

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.