Investors should be aware that target-date mutual funds "allocate capital as if sequence-of-returns risk either doesn't matter or has no remedy," writes John Coumarianos. "If you're far from retirement, you get heavy stock exposure, and vice versa, regardless of valuation and expected returns." The ultimate effect on portfolios can be profound.
When children finally move out on their own, parents often respond by going on a spending spree that can last for several years, according to research from Boston College's Center for Retirement Research. They also tend to save more but only a little more.
Millennials seek workplace programs that help them pay down student loans at the same time they save for retirement, Marlene Satter writes. She notes that workplace programs to pay off student loans can help employers retain younger workers.
Victims of identity theft need to contact the companies involved, pull credit reports and file a police report to begin tackling the problem, Sheila Handrick writes. Notification of the IRS and protecting investment accounts also are important steps, Handrick writes.
Many baby boomers have an unrealistic view of how far their retirement dollars will carry them, Paul Hechinger writes. Advisers can help put investors' feet back on the ground when it comes to retirement planning, he writes.
Retirement investors are costing themselves money because of a lack of understanding about what they're due from Social Security, Brian O'Connell writes. He urges workers to use Social Security's educational tools to find out what they can claim.
Five percent of US households control 63% of US wealth, but some of these "superwealthy" families are growing anxious about passing on fortunes, and values, to younger generations, Peter Robison writes.
Many seniors believe relocating in retirement will help them reduce costs and prolong their savings, but the reality depends on factors such as price of housing, tax obligations and the cost of long-term care, Donald Korn writes.
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