The Dow Jones Industrial Average dropped 2% last week, amidst renewed concerns about the looming fiscal cliff after President Obama’s re-election. The same market sentiment seems to have prevailed among Baby Boomers.

While more than a third of Baby Boomers said they expect Social Security to be a major source of income in retirement, nearly 40% were not confident that the system will have money to pay benefits throughout their retirement, according to a recent survey by MFS Investment Management.         

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