What to do instead You’ve probably heard of traditional “rules of thumb” in finance that are supposed to make retirement planning simple. After all, if they’ve worked for decades, isn’t that the safest bet? Unfortunately, some of these have outworn their usefulness. The 60/40 portfolio is one of them. Even though it is still widely used in financial planning, it may endanger your future. That’s because it doesn’t consider one of the most significant issues today: longevity risk. Let’s look at the rules, the risks it presents, and what you can do to help protect your long-term finances. What is […]
Thursday, Sep 21, 2023
