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August 28th, 2018 |
Unpredictable Retirement Age Calls for New PlanningResearchers are increasingly finding that people underestimate the age they will—or will need to—retire. Delaying retirement can have a significantly positive effect on the probability of an investor achieving retirement success; however, Morningstar found the uncertainty around retiring earlier than expected results in much lower probabilities of success for people planning to retire after age 61. Morningstar suggests individuals and their advisers must incorporate retirement age uncertainty in their retirement planning by focusing on saving.Read more > |
A Combination of Changes Can Improve an Individual’s Retirement OutlookFor both the general public and mass-affluent households, saving more, choosing to invest one’s savings, delaying retirement and lowering standard-of-living expectations have a far greater effect on one’s retirement outlook than asset allocation, reducing fees or achieving alpha, Morningstar found.Read more > |
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Loan Defaults and Non-Military Leaves of Absence“The cure period where a loan repayment was not made prior to a military leave, but a default has not yet taken place, is extended by the length of the military leave so that no loan payments are due even though the loan was not current when the leave commenced. Would the same extension apply for a non-military leave, or would a clock on the cure period keep ticking during a non-military leave of absence until a loan repayment was made?”Read more > |
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