Parents can help their college-age children monitor spending habits, avoid identity theft, and learn from their money mistakes.
Beware the dangers of complacency, remember the virtues of defensive holdings, and resist the temptation to overreach for yield, says Morningstar's Christine Benz.
Recent volatility should prompt investors to put their performance in perspective, check their exposures, and update their watchlists.
Investors can wring more yield from their cash by using online banks, says Gary Zimmerman, founder of cash-management solution Max.
Rules of thumb may be too high for affluent retirees with high savings rates, but health-care costs a major swing factor.
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