May 21, 2016

AND PRIVATIZED SS WILL JUST BE BASED ON DOING THESE AUTOMATICALLY:

Robo-advisers are the hottest trend in investing, but for most there's a better way (Timothy B. Lee,  May 20, 2016, vox.com)

[F]undamentally there are three things you need to do to get the most out of your retirement savings:

Invest in low-fee index funds.

As you get older, shift your investments from riskier stocks to safer bonds.

Don't sell until you reach retirement age, even if markets crash.

A financial product called a target retirement fund makes this really easy. You choose the fund that corresponds to your expected retirement date (for example, I'm in my mid-30s so I would choose Vanguard's Target Retirement 2045 fund), and the fund does the rest, gradually shifting to safer assets as you get closer to your retirement date.

There are low-cost target retirement funds available from Vanguard, Fidelity, and State Street. Signing up only takes an hour or two, and once you've deposited your cash with one of these companies, you shouldn't have to think about it again until you reach retirement age.

Posted by at May 21, 2016 7:14 AM

  

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