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Our daily roundup of retirement news your clients may be thinking about.
Asset allocation advice for older retirees
An 80-year-old client will be better off keeping 70% of her investment portfolio in stocks and not changing her asset allocation if her Social Security benefits and pension payments are enough to cover her needs, according to this article on Kiplinger. Although she has a few years to live, taking on considerable risks to get better returns may still be appropriate if she intends to leave her investments to her children, who have a long life ahead of them. –Kiplinger
Can robots close the retirement savings gap?
More retirement investors are relying on robo-advisers for portfolio allocation advice as these online...