At the recent Boot Camp for Investors, a panel of experts discussed considerations when planning for the new retirement – one that could last 20 to 30 years. For what the panel had to say about income investing, cash flow control, the value of ETFs (“So they’re cheap, they’re diversified all good news, but there are also some potentially nasty surprises in some flavors in the marketplace.”), the biggest mistakes retirees make and more, CLICK HERE.
What does the current amount of your retirement nest egg translate into in terms of future monthly retirement income? In light of the fact that a recent piece of research found that more than half of U.S. workers aged 20 to 79 have difficulty figuring out this conversion, today’s article identifies two ways to estimate that monthly income figure – one way which is perhaps the simplest and another which is also simple (but perhaps less exact). For more – including one big benefit of learning how much your nest egg might produce in monthly income – CLICK HERE.
Despite a number of anxiety-inducing market routs, stocks have performed quite nicely this year. That impressive performance, however, brings with it some potential problems for investors, including off-balance portfolios and taxes on gains. As the author of today’s article notes, “a lofty market environment presents a lot of potential tax traps, as the appreciated winners in a portfolio that are most in need of trimming also carry the highest embedded gains.” As such, she proceeds to outline some strategies to minimize your tax bill in this lofty market. For more, CLICK HERE.
Given its recent moves, investors have reason to be anxious about the market – and none more so than investors who are at retirement’s doorstep. For those in that group, today’s article outlines a number of strategies to consider, as identified by top financial advisers. First, however, the author advises that “It’s critical that you…draft a retirement-income plan”, noting that “Those who have such a plan don’t worry about market declines. And those who don’t have a plan, worry.” For how to create a retirement-income plan – and for the aforementioned strategies for protecting your retirement portfolio from market volatility – CLICK HERE.
Whatever your planned retirement age, you’re likely to retire closer to age 61 than you think. This is one of the findings of a recent study of retirement data, which found that “planned and actual retirement ages align at 61, with those planning to retire earlier than that tending to retire later than expected, and those planning to retire after 61 tending to retire earlier than expected. In other words, actual retirement ages pull toward 61.” What did the same study find about predicting who will end up retiring earlier (or later) than planned – and what are some strategies for dealing with the challenges presented by the magic retirement age? CLICK HERE.
What’s the one thing most preventing you from building wealth? The author of today’s article makes the case that, when it comes to building wealth, “one financial decision in particular has been absolutely catastrophic for people at every income.” In fact, he outlines how taking a different course when it comes to this particular financial decision has the potential to generate hundreds of thousands of dollars by retirement. So what is this wealth-killing decision – and how can you change your mind set about it? CLICK HERE.
The author of today’s article notes that, while “most retirees can sail through the first nine months of each year without a lot of financial to-dos that carry hard-and-fast deadlines…once the fourth quarter kicks off, the calendar gets a little fuller and financial deadlines come up fast and furiously.” As such, she proceeds to outline the key fourth-quarter dates that retirees need to stay on top of – relating to Medicare enrollment, required minimum distributions, IRA conversions and more. CLICK HERE.
The ultimate success of your retirement plan may depend to a significant degree on moves made – or not made – during the final 12 months before your actual retirement date. Today’s article outlines a number of considerations, as identified by financial experts, for this critical period – considerations pertaining to investments, debts and homes, expenses, taxes and lifestyle. For more, CLICK HERE.
If you are in your 60s, retirement is nearing – and, however you may feel about retirement, the author of today’s article states that “it is important to think about what your dream retirement will look like. Equally important is determining whether or not your finances are up to the task of providing that retirement for you.” He proceeds to outline five tips for people in their 60s when it comes to making those determinations. For more, CLICK HERE.
What could be bad about the trend currently underway towards commission-free trading? A lot – especially for retirees. In fact, the author of today’s article describes zero brokerage commissions as “the latest Siren Song to tempt retirees into dangerous behavior.” So what exactly is the concern? It has to do with the effect that zero commissions have on trading frequency – and the pairing of two “toxic behavior patterns in retirement”. For more, CLICK HERE.