“In the quest to generate retirement income, retirees are often looking for new and innovative ways to put more money in their pockets,” acknowledges today’s article which attempts to help retirees in that regard by outlining “four life hacks for retirement income”. Which popular investments make dividend payments monthly as opposed to quarterly? What well-known companies have two dividend payments left this year while others only have one? For more on these income hacks and others, CLICK HERE.
The United States is not #1 when it comes to retirement security – in fact it failed to even crack the top 10 on the recently released 2016 Natixis Global Retirement Index, which assessed and ranked 43 countries on the retirement security of their residents. Instead, the U.S. ranked “a middling No. 14, right after Luxembourg and several notches below No. 3 Iceland and No. 4 New Zealand.” When it comes to explaining this ranking, where did the U.S. score well? Where did it score poorly? Based on what appears to be working in the retirement systems of countries that ranked higher, what could the U.S. do in order to improve the retirement security of its residents? CLICK HERE to read more.
While we frequently hear and read about how most Americans are not saving enough for retirement, those fortunate enough to have lots of money to sock away in retirement accounts may be facing a problem of their own. Today’s article examines the increasing number of “proposals to stunt the growth of outsized retirement accounts”, including those contained in President Obama’s proposed budget for the 2017 fiscal year. So, in the event that any of these proposals come into being, what work-arounds exist for those who are flush with cash? The author outlines four such work-arounds – nonqualified deferred compensation plans, after-tax contributions to a 401(k), health savings accounts and backdoor Roths. To read about the ins and outs of each of these options, CLICK HERE.
“A good sign that people aren’t saving enough [for retirement] is if they run out of money once they’re retired. But that’s not happening,” points out today’s article which focuses on the finding that, despite the constant drumbeat of concern that Americans aren’t saving enough for retirement, wealth actually appears to increase for most retiree households over the course of retirement. What data supports this finding, what factors might explain it, and what does it mean for those planning for retirement? CLICK HERE to read more.
While today’s article takes the position that stocks should still be a major part of the investment strategies of retirees, it acknowledges that “certain stocks work better in retirees’ portfolios than others.” As such, the three contributors each highlight one of their favorite stocks for retirement. To read more about these stocks – which include a real estate investment trust that invests in retail properties with high-quality tenants with businesses that are resistant to economic downturns and an energy stock “with tremendous financial predictability, even when there are huge swings in energy prices” – CLICK HERE.
“Wall Street has done a remarkably thorough job of brainwashing investors into rolling their old 401(k) accounts into individual retirement accounts,” argues the author of today’s article which looks at why rollovers may be good business for financial services firms but a lousy choice for retirement investors. What does the author believe you should really be thinking when financial firms tout certain advantages of rollovers? In what circumstances does she believe a rollover is the right choice? What are the numerous disadvantages with IRA rollovers she identifies that you may not hear about from a financial services firm? And why does she foresee financial services firms making “a full-court press for your money in coming months”? CLICK HERE to find out.
“In many ways young millionaires are even more conservative than their boomer counterparts,” states today’s article which examines trends in the money management strategies employed by millionaires under 40, as identified in a recent report by Capgemini Consulting. One such strategy? Millionaires under 40 are more likely to hold onto cash than their older counterparts, although their reasons for doing so vary. To read more about the money management strategies of young millionaires – including their apparent rejection of traditional wealth management – and what lessons they may hold for those aspiring to such wealth, CLICK HERE.
How would a Hillary Clinton, Donald Trump (or Libertarian candidate Gary Johnson) win in November impact a current retiree or soon-to-be retiree? Today’s two-part article provides a retirement-focused overview of the candidates’ positions on Social Security, as well as Medicare and Medicaid. For the candidates’ stated positions on raising the retirement age and protecting Social Security, CLICK HERE to read part one. To read about the candidates’ positions on Medicare and Medicaid, CLICK HERE to read part two.
The good news? The length of time the average 65-year-old can expect to continue living is at an all-time high (20 years) and continues to rise. The downside? Having to ensure that one’s nest egg will last this longer period of time. One step towards success in this regard is investing in stocks that are well-positioned for long-term profit growth, and the three contributors to today’s article each highlight one stock they believe fits the bill. To see what stocks they selected – a real estate investment trust, a retail pharmacy chain and an automaker – as well as their analysis of why their pick is primed for long-term growth, CLICK HERE.
Are you in need of some financial therapy? Acknowledging the existence of an entire financial therapy industry (including a professional association of financial therapists and an academic journal dedicated to the subject), the author of today’s article emphasizes the need for every investor to factor the personal and subjective aspects of investing into their plan for success in the markets. As such, he provides a diagram of 20 cognitive biases that can negatively impact decision-making, and highlights those he believes represent some of the most common dangers for investors. Is your investing strategy falling prey to the “anchoring bias” or the “bandwagon effect”, among others? CLICK HERE to read more.