How much of your income do you need to save for retirement? As little as 4% — or as much as 44%! That’s what’s revealed in a new chart posted by data visualization site FlowingData.com, with where you fall on the 4% to 44% saving spectrum depending on when you start saving for retirement and when you plan to retire. What does this chart indicate about your particular savings needs? CLICK HERE.
ZenMoney News
“Leverage The Power Of Investing” – And Make Your Retirement Savings Work For You
“Over the course of your lifetime — unless you’re making a lot of money or live extremely modestly on a reasonable salary — you’re going to find it hard to simply put away enough money to retire. The money you put away should, ideally, be working for you and growing at a pace (much) faster than inflation,” notes the author of today’s article, who proceeds to provide some “thoughts on how to leverage the power of investing to give yourself the best chance at a great retirement.” For more, CLICK HERE.
SRI & ESG Investing: An “Existential” Question For Retirees
Socially Responsible Investing (SRI) and Environmental, Social and Corporate Governance (ESG) have been gaining popularity as investment approaches, but are ESG/SRI funds good for retirees and soon-to-be-retirees? The author of today’s article believes that “The ensuing debate over SRI and ESG investing is potentially an existential one for retirees and soon-to-be retirees”, given the question as to whether these approaches lead to diminished – or superior – returns. What does the research have to say about the suitability of ESG/SRI funds for retirees? CLICK HERE.
Is Using Covered Calls To Generate Extra Retirement Income A Good Call?
With interest rates back on the decline and the bull market in stocks in its latter stages, the author of today’s article advises that those investing for retirement “should broaden their knowledge of the tools at their disposal” for generating retirement income – including “one somewhat obscure strategy”: selling covered calls. What are covered calls, what are the risks associated with them, and what are some ideal scenarios for selling covered calls? CLICK HERE.
Fixed Income Investing: It’s Not Just For Retirees!
While fixed income investing tends to be associated with retirees (and, indeed, retired investors are one of three investor profiles that the author of today’s article believes should consider devoting a significant part of their portfolios to fixed income), it’s an investing strategy anyone can benefit from, with the author noting that “The low-risk, predictable nature of this investment can add essential stability relative to the uncertain nature of stocks and commodities.” For more on fixed income investing – including different types of fixed income investments, the benefits (and risks) of fixed income, and the two other investor profiles that, along with retired investors, may want to consider a significant allocation to fixed income – CLICK HERE.
How Many Market Crashes To Expect During Retirement – And Why The Government Is Helpless To Prevent Them
What are the odds that the stock market will crash at some point (or multiple points) during the course of your retirement? Researchers have actually developed a formula for making this determination – and based on that formula, the author of today’s article warns that “the odds of a huge crash are…high enough that you should expect at least one, and perhaps more, during your retirement.” For more – including the number of smaller crashes the formula indicates one should expect over the course of a 30-year retirement and why, despite what many believe, government regulations and safeguards are unlikely to prevent future crashes – CLICK HERE.
“The Most Astonishing Fact” From the Finances Of The “Super Rich Elite”
Just how much money does the top 1% – the “super rich elite” – have? Apparently, more than they know what to do with! In today’s article, the author shares what he sees as “Probably the most astonishing fact [he] encountered while poring over the finances of the wealthy elite” – who own $730 of capital for every $1 of capital owned by the average family in the bottom half of households. What is it? CLICK HERE.
Making The Most Of A Million-Dollar Nest Egg
A $1 million nest egg may seem like a lot, but when you consider that the average 65-year-old today can expect to live to nearly 85 (i.e. another 20 years), there is still a real risk of a $1 million nest egg expiring before you do. So how long will $1 million last in retirement – and how can you make it last significantly longer than that (15, 20, or even more than 30 years)? CLICK HERE.
Restricted Stock Units: A New, Flexible Building Block For Retirement (And Other Financial Goals)
Despite having “restricted” in their name, the ultimate benefit of restricted stock units (RSUs) is their flexibility. As today’s article explains, RSUs are a type of equity compensation for employees that offer “a new building block toward retirement, while also opening doors for investments, experiences and major purchases throughout the course of your life.” For more on the basics of RSUs and the many ways they can be used to help you achieve your short- and long-term financial goals, CLICK HERE.
Hack Your Way To Free Travels
In today’s article, the author shares a hack that he has taken advantage of to travel for free – a hack that has to do with special credit card rewards programs, which he argues most people do not get the most out of because they fail to realize what the biggest windfalls associated with these programs are. For more on this travel hack and how to take advantage of it, CLICK HERE.
