Financial Planning News
Tue, 2 Jul 2013
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Recent studies have found retirees' health-care expenses have decreased while their account balances have moved higher, but there's still a generational divide in terms of savings.
Vanguard founder Jack Bogle warns of the significant problems in the defined-benefit and defined - contribution spaces and suggests solutions to get retirement planning back on track.
Many retirees are creating hybrid withdrawal plans--with ceilings and floors--to adjust for market volatility, but a balanced portfolio is key amid fluctuating rates, says Vanguard's Maria Bruno.
The 401(k) is really a thrift plan that we've tried to redesign into a retirement plan , and it needs to change, says the Vanguard founder.
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