What the experts say

Funds for boomers, Student loans feel the squeeze, Tax relief from phantom income

Funds for boomers

Many boomers fear they won’t have enough money to last through retirement, said Rob Wherry in SmartMoney, even though collectively they’ve “socked away a whopping $7.6 trillion in various investments and accounts.” Funds designed to put portfolios on autopilot, often known as “asset allocation” or “target date” funds, have attracted many baby boomers’ investments. “Now, several fund families are taking that idea a step further,” promising to combine the investing philosophy of target-date funds with the monthly payouts of annuities. Fidelity’s “income-replacement” funds and Vanguard’s “managed payout” funds factor in payments retirees will receive, based on the funds’ performance. The question for boomers is: Are these funds “just the latest fad” or will they actually “deliver on their hype”?

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