Use retirement planning tools at your own risk

When it comes to retirement planning, it’s important to measure risk. But it’s just as important not to mismeasure it. Unfortunately, that’s what most Americans and financial-services firms do today. They tend to focus on the probability of risk and less, if at all, on the magnitude of the risk. The net result is that many retirees and retirement savers now have investment portfolios that are far too aggressive.

Or so says Richard Fullmer of Russell Investments, author of a just-published white paper "Mismeasurement of Risk in Financial Planning..."

Boston Herald: Use retirement planning tools at your own risk