In the August 2011 issue of Ebony magazine, Roger Ferguson calls on people to “rethink and restart” their retirement planning. Ferguson encourages individuals to “Aim to replace at least 70 percent of your final salary in retirement. Reframe your thinking about retirement. Don’t just focus on accumulating wealth.”
Read the article here (PDF).
The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Diversification is a technique to help reduce risk. There is no absolute guarantee that diversification will protect against a loss of income. Rebalancing does not protect against losses or guarantee that an investor’s goal will be met.