Our daily roundup of retirement news your clients may be thinking about.

How to make your savings outlive you
Retirees cannot simply rely on the 4% withdrawal rate to ensure their nest eggs will outlast them since risky investments do not guarantee a fixed-income stream, according to an article in The Wall Street Journal. Instead of sticking adamantly to this rule, retirees should adjust their investment portfolio annually to achieve a stream of inflation-indexed income, the experts say. Retirees may also put 75% of their savings to the annually recalculated virtual annuity if they expect to live longer, Siegel says.  --The Wall Street Journal

5 career checkpoints on the road to retirement
Clients are advised to take steps at different stages in their career to ensure they are on track with their retirement goals, according to an article on U.S. News & World Report. They need to start saving in their first job to take advantage of compounding and their employer's 401(k) match contributions, as well as put up an emergency funds to avoid tapping their retirement accounts when they are between jobs. They should also keep their retirement savings rate amid growing expenses during the middle of their career, save their bonuses and other rewards as they advance in their profession, and consult with a financial advisor when they are close to retirement.  --Yahoo Finance

3 Social Security myths you can't afford to believe
More often than not, workers are misinformed and confused about how Social Security works because the rules can be complicated, according to this article on Motley Fool. One of myths that people tend to believe is that they can find a perfect time to start receiving the benefits. Workers are also likely to believe that they need to file for benefits soon as Social Security funds will run dry and that their Social Security decisions will have no impact on other financial concerns.  --Motley Fool

Why I won’t own bond funds in my retirement portfolio
While investors are urged to own a good mix of stocks and bonds in their portfolios, those who are building a nest egg need to avoid investing in bonds, writes Ruth Davis Konigsberg, writer and director at Arden Asset Management. Bonds are no longer a safe asset, as bond yields are dwindling over the last thirty years, Konigsberg says. "The problem for investors saving for retirement is that the returns on such funds are so low that it’s hard to justify allocating anything to them other than savings you will need in three to five years."  --Time Money

How retirees can tend their mutual fund ‘garden’
Retirees need to manage their mutual fund investments carefully to ensure these assets will help them reach their financial goals, according to this article on MarketWatch. They will know that these funds need pruning when there is a change in fund management, the fund's performance is no longer impressive, or it is overperforming so that it exceeds the large-cap growth they set in their portfolio. Retirees also need to put their mutual fund investments in shape when the fund undergoes ‘style drift’ or the market is on a decline.  

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