Our daily roundup of retirement news your clients may be thinking about.
For safety and yield, where best to park your cash? Retirees who want to invest a portion of their cash holdings may consider short-term bond funds instead of money markets, according to an article in Morningstar. Short-term bond funds provide better rates compared with money markets, but clients may put their assets at greater risk with these funds. The average yield is about 1% with short-term bond funds and around 0.1% with money market accounts and funds. -- Morningstar
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