Many myths may be relatively innocuous, but when you are making retirement-planning decisions based on myths the consequences can be dire. As such, today’s article identifies five “pervasive retirement myths Americans must stop believing” and seeks to counter them with a dose of reality. What do the majority of studies say about whether spending increases or decreases in retirement? Is the oft-cited 80% replacement rate for pre-retirement income too little? Or too much? Is Social Security sufficient to live off of in retirement? For that matter, will Social Security even be solvent much longer? To find out what’s myth and what’s fact in regards to these retirement matters and more, CLICK HERE.
It may be a nice place to visit, but do you want to live there (in retirement)? Today’s article provides some cautions and considerations for those wishing to join the ranks of retirees living abroad from Dan Prescher, the senior editor for retirement lifestyle magazine International Living. How long does Prescher advise spending on the ground in your foreign retirement locale of choice to get a true sense of the day-to-day living and become aware of any deal breakers? What does he believe should be the driving factor in the decision to retire abroad? (It’s not lower costs!) And what about tax and health care considerations? To read more, CLICK HERE.
For Social Security recipients looking to supplement their check with some defensive, low-risk divided stocks, today’s article identifies three such stocks to consider. Specifically, the author highlights three stocks representing companies that are expanding, whose products and services are in demand regardless of the state of broader economic conditions, and which are picks of the likes of Warren Buffett and the Gates Foundation Trust. To find out what these stocks are, as well as for an analysis of each, CLICK HERE.
When contemplating where you will live in retirement, have you considered a cruise ship? Should you? Today’s article argues that “depending on their home city and income level, retirees may find living aboard a cruise ship makes financial sense when compared to other retirement living options, especially in expensive locales” and cites a study finding that “when considered over a 20-year span, cruises were comparably priced to assisted living centers and offered a better quality of life.” To read more about how the costs compare, as well as about additional considerations for this retirement lifestyle, CLICK HERE.
“Even if you were an incredibly well-informed investor and paid a great deal of attention, it’s very hard to succeed in this system.” This is the assessment of law professor William A. Birdthistle, who has penned a new book on the perceived failures of the United States’ do-it-yourself retirement system, specifically mutual funds and 401(k)s. To read what Birdthistle sees as the problems with funds and 401(k)s, what he considers to be a “perverse” system of fees, and why he believes that employees should be required to get licenses before being able to invest in their 401(k)s – as well as his thoughts on exchange-traded funds, target-date funds and more – CLICK HERE to read today’s article, which features a comprehensive interview with him.