When it comes to determining when to start claiming Social Security, the author of today’s article notes that “few decisions are as financially consequential…or as hard.” As such, he attempts to provide some Social Security claiming guidance based on the findings of some new studies. Why does one new study conclude that postponing claiming Social Security may be even more…
“Over the next several decades, baby boomers – the wealthiest and one-time largest generation in U.S. history – will pass down an estimated $30 trillion in assets to their children and grandchildren,” notes the author of today’s article which looks at the considerations this so-called “great wealth transfer” creates for boomers, their heirs and the financial industry itself. The first…
Based on the findings of a recent analysis conducted by human resources consultancy firm Aon Hewitt, half of 401(k) investors using target-date funds may be using them wrong. What exactly are people getting wrong when it comes to target-date funds? They “spread their dollars across other investments available to them in their plans” rather than using the target-date fund –…