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“Persons say the subsequent: We will get it done either by way of advantage cuts, tax will increase or elevating the entire retirement age,” Munnell told CNN. “There’s no 3rd possibility — you'll find only benefit cuts or tax raises. Raising the total retirement age can be a mechanism for reducing Advantages.”
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A portfolio asset allocation that fits your ambitions, time horizon, and—if correct—age is essential to the economic properly-currently being now and Later on.
Focus on-date money normally abide by allocation most effective techniques. They're diversified throughout and within just asset lessons, along with the allocation usually takes your age into account.
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