55-year-old Americans ‘critically underprepared’ for retirement: Survey

Americans with about 10 years to go before reaching retirement age are "critically underprepared," according to a new study by Prudential.The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with...

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How financial advisors are factoring for emotions in money management

Skynesher | E+ | Getty ImagesNew technologies have given people access to more information and new tools to manage their money.Robo-advisors can build and rebalance portfolios based on customer preferences. However, automation doesn't factor in people's emotional needs.Experts say adding behavioral science to investing knowledge can help financial advisors...

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