Our daily roundup of retirement news your clients may be thinking about.
Vanguard Institutional Index ranked first in BrightScope's 101 leading mutual funds based on 101(k) assets under management, followed by PIMCO Total Return. American Funds EuroPacific Growth and Fidelity Growth Company also made the top 10. Kiplinger
Investor Benjamin Graham's 1963 lecture, which stressed the need of including good individual stocks in investor portfolios, remains apt in today's uncertain investing environment, according to MarketWatch. Graham also advised that stock market volatility and the lack of defined economic forecasting method should prompt investors should rebalance their portfolios and avoid moving their stocks in bear markets due to the market's volatility. MarketWatch
One way of rebuilding a retirement plan is through the use of an employer 401(k) match, according to this article on Yahoo Finance. The 401(k) is not always sufficient in making up one's retirement plan, but clients could support their retirement further by putting money on annuities and individual retirement accounts. Yahoo Finance
Clients must not overestimate income from their Social Security but do their part to invest and save. A high-wage earner retiring at 65 is likely to get a maximum of $30,000 only. Clients can use tax deferral retirement plans or those that avoid future taxes such as Roth plans together with a match 401(k) contribution that companies provide. The Wall Street Journal
Insurance for retirees should be considered carefully so coverage will be enough for health care needs, according to MarketWatch. Health care needs are the most difficult to contemplate but they are critical expenses that affect retirees. Clients can also choose to create health savings accounts, supplemental insurance and long-term care insurance to cater to their health care expenses. Daily Finance