Robots & Retirement: Assessing The Robo-Advisors

2017-11-19 09_15_19-Man's Face Greyscale Picture · Free Stock PhotoRobo-advisory services are increasingly getting attention from baby boomers looking for retirement guidance. As today’s article notes, robo-advisors now go beyond simply helping clients save for retirement, offering “tax-efficient strategies for turning nest eggs into steady streams of retirement income, as well as recommendations on Social Security, Medicare and long-term-care insurance.” To see what those in or approaching retirement can get out of robo-advisors, the author took robo-advisory products from four major firms for test-drives. For her overall impression of robo-advisory services – and the pros and cons of each firm’s offerings – CLICK HERE.

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When It Comes To Saving For Your Golden Years, These 3 Misconceptions Prevail

2017-11-12 08_09_47-Golden cup and basket with books · Free Stock PhotoWhen it comes to all the interconnected pieces of successful retirement planning (taxes, Social Security, health care, etcetera), the author of today’s article points out that, ultimately, everything goes back to one fundamental question: How much money do I need to retire? Unfortunately, when it comes to answering this question, there are a number of misconceptions that people are prone to – and the author outlines three such misconceptions “that outrank all the others” (and which threaten one’s freedom, comfort, and peace of mind in retirement). CLICK HERE.

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Will The ‘Tax Torpedo’ Blow A Hole In Your Nest Egg?

2017-11-05 19_19_25-Free stock photo of adult, beverage, breakfastHalf of retirees don’t need to worry about it at all. Others will have no way of avoiding it. And more and more retirees will fall victim to it in the coming years. It’s the ‘tax torpedo’, which the author of today’s article explains is “a name given to the unexpected way that Social Security can get taxed, depending on how much other income you have.” For more on the tax torpedo – including when it typically hits, why any action to keep it at bay needs to be initiated years in advance, and how exactly you can go about doing so – CLICK HERE.

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“Retirees In The Lurch”: Warnings From A New Government Report

2017-10-21 14_29_50-Free stock photo of black, business, computerA new report from the Government Accountability Office details the serious retirement challenges that Americans are facing, and – in an effort to ward off (or at least mitigate the damage from) an impending retirement crisis in the country, is urging lawmakers in Congress to form an independent commission to study – and come up with solutions to – these challenges. From Social Security, to workplace retirement plans, to personal savings, what issues is the GAO sounding the alarm over? CLICK HERE.

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This Little-Noticed Tax-Reform Provision Could Have Big Implications For Future Retirees

2017-10-20 19_10_06-Free stock photo of accounting, analytics, balanceThe Trump tax reform plan has gotten a lot of attention (both positive and negative) of late. One aspect of the plan that has not gotten much notice, however, is a provision that the author of today’s article notes “would mark a landmark shift in the way that the government handles a key issue” – and this shift could ultimately have significant implications for future retirees in the form of reduced benefits. To read more, CLICK HERE.

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Be On Guard Against These Retirement-Wrecking Mistakes

2017-10-01 15_40_56-Free stock photo of blur, business, close-upThere are many actions (and inactions) that can wreck retirement plans. As such, while the author of today’s article acknowledges that the $1 million figure frequently cited as how much one needs to amass for a comfortable retirement may be arbitrary, he stresses that “what is not arbitrary is it takes discipline and it requires avoiding mistakes and pitfalls to have a happy retirement.” He proceeds to identify 14 specific mistakes that retirement savers should be on guard against making – including failing to understand how Social Security works. For more, CLICK HERE.

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Fake News (Retirement Edition)

2017-07-23 19_56_50-Free stock photo of can, chat, chattingYou need $1 million to retire. Make that $2 million. Social Security will not be solvent much longer. Your expenses will go down in retirement. These are some of the prevalent retirement rumors the author of today’s article highlights that can have a detrimental effect on the retirement planning of those who subscribe to them. To read more – including why the worst retirement rumor may be “Everything will work out fine” – CLICK HERE.

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What’s In The Social Security Report Nobody’s Talking About?

2017-01-07 19_34_30-Morguefile free photographs for commercial useA majority of Americans believe that their children will be worse off financially than they are and, as today’s article notes, this concern appears to have merit in at least one critical respect: Social Security. Specifically, the article looks at the findings of the most recent trustee’s report for Social Security that “almost nobody noticed.” What’s in the report, why is it important, and what does it mean for younger generations? CLICK HERE to find out.

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