The biggest Social Security change in 2017 that's not being advertised People who were born in 1960 and later can start collecting Social Security retirement benefits as soon as they reach 62, but their full retirement age has been increased to 67, according to this article on Motley Fool. Although raising the FRA is intended to encourage healthier older workers to stay longer in the workforce, seniors who are affected by this change will have to wait longer to get their full retirement benefits than those who came before them, or they will face reduced benefits if they file before reaching the age of 67.

Why clients should look beyond target-date funds Retirement savers should weigh other alternatives to target-date funds when building their 401(k) portfolio, writes an expert on The Wall Street Journal’s website. Designed for a specific retirement date with a "one-size-fits-all" approach to risk, a TDF is not meant for everybody, as personal circumstances vary among clients, the expert explains. 401(k) investors may be better off having a managed account, which is "an in-plan robo-advice solution that attempts to replicate adviser input using a rules-based approach," the expert writes. "With managed accounts, each person has a customized portfolio built using the investment options available in the plan. And the costs are typically far lower than those of a human adviser."

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