How can you go about building a portfolio that would provide your loved ones with reliable income while requiring little to no maintenance? The author of today’s article lays out one option: A “three-fund portfolio [that] will hand us a diverse collection of investments built to hold up in any market, throw off a steady 8% dividend and pay dividends monthly, to boot.” For the three actively managed funds making up this “autopilot” dividend portfolio, CLICK HERE.
“Never overlook the pernicious and toxic impact of inflation over periods as long as retirement,” warns the author of today’s article. He outlines why inflation over the next several decades could actually be significantly higher than currently assumed – and how, if that proves to be the case, it would make inflation-indexed annuities (or real annuities), generally considered very expensive, more valuable. For more – including why the author concludes that “you can’t avoid making an implicit bet on inflation no matter what you do” – CLICK HERE.
Given the fiscal state of the Social Security system, the author of today’s article advises that, when it comes to financing your retirement, “You have to assume you’re not going to get much help from our government, you’re not going to get much help from your employer, and your financial future is all up to you. And that means you need to save more and save a lot.” So what are some strategies that will allow you to retire rich – or at least retire comfortably – without relying on Social Security? CLICK HERE.
If you’re one of the (too) many Americans that have too little – or nothing at all – in the way of retirement savings, a simple strategy that could boost your savings by $800,000 (and possibly even more) sounds like something worth having a look at – and that’s exactly what the author of today’s article outlines. And while getting the maximum benefit from this strategy requires having many years until retirement, it can still make a significant difference for those close to retirement. For more on this “win with small steps” strategy, CLICK HERE.
“Owning a home is wonderful, but don’t bank on real estate as your chief retirement investment,” advises the author of today’s article, which looks at the reality when it comes to looking to real estate as a source of retirement riches. What’s the problem with banking on homes for retirement income – especially given the fact that many people have seen big gains from buying starter homes? For more, CLICK HERE.
The Setting Every Community Up for Retirement Enhancement Act – or SECURE Act – has been overwhelmingly approved by the U.S. House of Representatives as a purported means of improving retirement savings options. In today’s article, a financial planner with 20 years of experience looks at how the SECURE Act, which, among other things, raises the age for required withdrawals from retirement accounts, would impact retirement savers and how it differs from the retirement legislation being proposed in the Senate (The Retirement Enhancement and Savings Act). For more, CLICK HERE.
New research from well-known, Boston-based money management firm GMO has an important warning for retirement savers of all ages when it comes to their glide paths (the gradual reduction in one’s allocation to equities as they get closer to – and then enter –retirement). As today’s article outlines, the research indicates that “No matter how young you are, chances are that you are too heavily invested in equities.” What is the potential flaw in how glide paths have been determined up until now – and what might more appropriate glide paths look like? CLICK HERE.
Robots and a smart fridge keeping you from having to go into a nursing home. Some new (and simple) math for retirement saving. New alternatives to purchasing long-term care insurance. The retirement community of the future. There are among what may be the best new ideas in retirement as, thanks to increasing longevity and the changing nature of work, traditional “institutions, financial instruments and even our vocabulary no longer seem adequate to cope with the challenges of retirement.” For more on these retirement innovations, CLICK HERE.
When it comes to retirement versus financial independence, the author of today’s article sees “both as interchangeable, because in essence, in both cases folks are having the financial flexibility to live life to their own terms, not being chained to a desk or a job they may dislike. In both situations, you have the option to leave one endeavor and focus on another one.” He proceeds to outline the three “main ingredients that allow you to reach financial independence” and the specific investing technique he has chosen to employ in his pursuit of financial independence: dividend growth investing. For more, CLICK HERE.
It’s an important decision with potentially major consequences: how much do you take out of your portfolio each year when you retire. Take out too much and you risk running out of money down the line; take out too little and you are foregoing a better retirement lifestyle and experiences. In today’s article, the author runs some hypothetical numbers illustrating the potential impact of this tradeoff – and outlines some options for dealing with it. For more, CLICK HERE.