Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about.
Why advisors may urge retirees to load up on equities
Retirement savers will be better off boosting their equity allocation if they have a safety net in the form of assets that provide guaranteed income, such as Social Security, pension and annuities, according to CNBC. “If you have a safety net, the consequences of risk aren’t as severe for you,” says a wealth manager. “If you have significant guaranteed income, your portfolio is more skewed toward safety.”
Think 3% is small […]
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