How much money will you need in order to keep living like you live today in retirement? Various formulas for coming up with this number have been devised, but today’s article outlines one particularly simple rule of thumb that can be used in making this determination: the Rule of 300. How does the Rule of 300 work, how much does it indicate you will need for financial freedom – and what are some caveats to keep in mind when it comes to this mathematical shortcut? CLICK HERE.
When it comes to assessing risk, the author of today’s article argues that “most people don’t really understand what their true risks are.” He proceeds to identify what he believes is the greatest risk most retirees face – one that is not getting the attention from retired (and retiring) baby boomers that it warrants. The risk in question is associated with longevity – and is an internal risk rather than an external market risk. What is this risk – and how can retirees protect themselves from it? CLICK HERE.
Health savings accounts. More employers offering a Roth option in their retirement plans – and reducing the overall number of investment options employees have to choose from. The growth of index funds – and workplace financial wellness programs. These trends – as well as some additional developments – have the author of today’s article declaring that “it’s a brave new world of retirement planning.” What are the implications of these trends – and are you prepared to take advantage of them? CLICK HERE to read more.