Institutional investors (i.e. mutual funds) outperform the market before fees—at the expense of retail investors, who underperform after fees. This conclusion comes from several recent studies, as detailed in an…
Day: September 14, 2021
Laurence Kotlikoff: Most Retirement Planning is Wrong
In an interview with Barron’s, economist Laurence Kotlikoff doles out some practical advice for retirement planning. The focus should be on smoothing and protecting spending throughout a person’s lifetime and…