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3 women in office looking at computer Asian American retirement savers are less likely to have taken a loan from their retirement plan. (Photo: Shutterstock)

More wary of making errors surrounding retirement investments and risk, Asian Americans are also more confident about the investments they’ve chosen and their overall risk tolerance.

That’s according to new research from Massachusetts Mutual Life Insurance Co. The MassMutual Asian American Retirement Risk Study finds that, although Asian American retirees and preretirees are more worried about taking on too much risk—69 percent compared with 44 percent of other Americans—or about making poor investment decisions—67 percent compared with 54 percent—within 15 years before or after retirement, they’re substantially more focused on their financial goals than other Americans.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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