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Our daily roundup of retirement news your clients may be thinking about.
Best target-date funds? Fidelity vs. Vanguard
Fidelity and Vanguard’s target-date funds had almost the same investment portfolios, but Vanguard shareholders get greater returns, according to MarketWatch. Fidelity charges more than Vanguard, and shareholders who had higher expenses often yield lower returns. Four funds from Vanguard have an average expense ratio of just 0.17%, with a five-year return of 10.4%, compared to 9.3% for more expensive Fidelity Freedom K funds. --MarketWatch
Do a retirement dress rehearsal now so you don't blow it later Clients should try to live only by their projected retirement income for at least two months to see...