Treasury Secretary Jack Lew says it's time for Congress to deal with International Monetary Fund reforms and US government debt limits. "Congress needs to act or we could be faced with a crisis," Lew said. "We have the capacity, but do we have the will?"
Elizabeth MacBride extols the virtues of "investing regularly and consistently inside and outside of your retirement plan," something that far too few people actually do. She discusses three advantages of following this approach.
Stock market turbulence tends to be a good thing for long-term investors, writes Mitch Tuchman. "Short-term declines don't affect your long-term outcome, and that goes a long way toward smoothing out what can be a rough ride," he writes.
Hillary Clinton has suggested that if she is elected to the White House, she will support the Labor Department's proposed fiduciary rule. Her proposal for reform of the financial system mentions the rule favorably, although it doesn't go into detail.
Women face special challenges when it comes to saving for retirement because they live longer and tend to earn less than men. According to one recent study, women must save $126 for every $100 saved by men, a 26% gap based on gender alone.
Robo-advisers boosted their assets under management by 57% between December and July, Corporate Insight says. The market volatility seen this summer apparently did not discourage customers, said Joe Ziemer of robo-adviser firm Betterment.
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