In today’s low-interest world, can a retiree still safely withdraw 4 percent from savings without running out of money?
Last week, Vanguard launched a Target Retirement 2060 Fund aimed at those people 18 to 20 years old who expect to retire 48 years from now. Most of the people reading this and I will be pushing up daisies by then, but for anyone just starting out in life, this is a great retirement planning
Not to belabor the whole investing in a recession topic, but Vanguard released a paper this week, “Recessions and balanced portfolio returns,” to address a common investor concern during economic contractions. “Given the rising risk of a renewed U.S. recession, investors may wonder about the merits of a more ‘defensive’ posture for their broad portfolio,”
Any congressional assault on 401(k)s in the name of deficit reduction seems particularly shortsighted as 72 million baby boomers rush toward retirement without much savings. Talk about the potential for economic meltdown. Fidelity Investments, which manages 401(k)s for 11 million workers, recently surveyed them about their retirement planning and discovered that 55 percent wouldn’t be
When I started saving for retirement, the credit union clerk recorded it in my passbook in black ink. Today, I downloaded my first retirement savings application, or app, to my iPad (or iPhone). It’s from Vanguard and it makes managing retirement savings ridiculously convenient. The app allows Vanguard customers to: View account balances, including those in