With the average savings account yielding a meager 0.11 percent – far less than the rate of inflation – one financial planner cited in today’s article describes using a traditional savings account for your emergency fund cash as simply being a way of “losing money safely”. As such, the author proceeds to outline other options for your emergency fund that can boost returns. To find out what these options are – as well as for the strategy one firm recommends using if you choose to risk your emergency fund in the market – CLICK HERE.
Americans are not saving enough for retirement – and if Republican lawmakers have their way (which they presumably will as they now control Washington), this crisis may only get worse. The author of today’s article goes so far as to call the GOP’s current actions and proposed plans a “war on retirement”. What does the author identify as the three flanks of the GOP’s war on retirement, and what does it all mean for retirement saving and retirement income? CLICK HERE to find out.
If you have a large sum of money that you want to invest for retirement, the commonly-held financial wisdom is that you should use the dollar-cost averaging strategy and move that money into the market gradually so that the entire amount is not at risk of a market setback. But, as today’s article explains, it turns out that this seemingly smart strategy may not be so smart after all and that “the smarter play is to take the plunge and invest all at once.” To read more, CLICK HERE.
Premium support. This is the term for the GOP Medicare reform plan in which retirees would receive an annual stipend or voucher to purchase private health insurance, and the author of today’s article notes that, after recently analyzing the GOP premium support plan, the AARP Public Policy Institute concluded that “it would imperil retirees.” For the main points from AARP’s report on which this conclusion is based – including what the author sees as “the cruelest part of premium support” – CLICK HERE.
The author of today’s article believes that, with the outsized dividend yields and predictable sources of income the asset class offers, income from real estate investment trusts “should be part of the retirement process.” However, noting that a dividend cut could be devastating to retirees, he cautions that it is important to properly evaluate REIT assets. He proceeds to highlight four REITs rated “SWAN” (sleep well at night) due to their high degree of dividend predictability. To find out what these four REITs are – including a “pure play” on Skilled Nursing buildings and the largest healthcare REIT – CLICK HERE.
Large, established companies with recognizable brand names. Dividend yields of at least 5%. Low volatility. Relatively cheap. These are four criteria that the author of today’s article believes make stocks well-suited for investors in retirement – and are thus the criteria that he employed in screening for stocks for retirees. Three stocks that fit the bill and which retirees may want to consider are highlighted. To find out what these stocks are – including a utility stock which the author notes “promises a more immediate payback for new buyers” thanks to a planned $5 billion in share buybacks and “special dividends” – CLICK HERE.
How much do you need to save in order to fund your desired standard of living in retirement? More than you think, according to a new study. Dramatically more. The reasons for this gap between the rates at which Americans are saving for retirement and the rates at which they should be saving? Low returns, longer lives and legacy goals. To read about what these factors mean for retirement saving – and for the author’s advice on what retirement savers should do in this “low-return, long-longevity world” – CLICK HERE.
Everyone everywhere is hypothesizing about what effect the Trump administration will have on everything – including retirement. But the author of today’s article cautions that, while “this unrelenting focus may be understandable (and even possibly helpful)…it can also be a bothersome distraction, perhaps even enticing you to make moves you later regret.” What, then, is the author’s advice for those in or nearing retirement – as well as for those for whom retirement is a decade or more away – in the face of this Trump-inspired uncertainty? CLICK HERE to find out.
The latest Retirement Confidence Survey from the Employee Benefit Research Institute found that 63% of workers express confidence in having enough money for a comfortable retirement. But with the average 401(k) having a balance of less than $100,000, the author of today’s article states that “you have to wonder how accurate their self-assessment is.” He proceeds to outline five things to look at in determining whether you are doing a good job preparing for retirement – or just fooling yourself into believing that you are. CLICK HERE to read more.
Here’s a disturbing reality highlighted in today’s article: “As our ability to make sound financial decisions decreases with age, our self-confidence in this area actually increases.” So what steps can both adult children and their parents take to protect the latter from making bad financial decisions (including becoming the victims of fraud) as a result of them being unaware of their own diminished financial competence? The author outlines several measures to consider. To find out what these are, CLICK HERE.