What’s the state of your financial health? To make this determination, it can help to check – and track – one or more of the five “vital signs for financial independence” outlined in today’s article. For these five financial vital signs, how to calculate each of them, and why each is an important indicator of your financial health, CLICK HERE.
The worst fear of retirees is coming to the end of their money before they come to the end of their lives, and yet, as the author of today’s article observes, “few choose the financial product that is purpose-built to solve that problem”. This is just one of many paradoxes that can “bedevil” financial decision-making, and while there’s nothing we can do about these paradoxes, the author advises that “there is great value in being aware of them, so we can approach them with the right tools and the right mindset.” For more paradoxes to be cognizant of, CLICK HERE.
Most Americans are not saving sufficiently for retirement. But even those who have been diligent retirement savers during their working years may encounter difficulties when they reach retirement, with the author of today’s article cautioning that many in this financially fortunate group “find it hard to flip the switch from saving to spending.” For his advice on how ardent retirement savers can make it easier to start “opening the spigot” on their savings, CLICK HERE.
Most of the provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act go into effect this year, and the author of today’s article points out that a number of the SECURE Act’s provisions are relevant to those who are not yet even at or near retirement. Noting that “They can have a profound effect on the way we all save for retirement”, the author outlines the major takeaways from the SECURE Act, starting with some bad news. For more, CLICK HERE.
If faced with stock market volatility or a downturn in retirement, would you reduce your investments in stocks? In one survey, a third of pre-retiree respondents indicated that they would do just that – but this may not be the best (or even a good) strategy. What does the author of today’s article point to as being “The key to successfully riding out stock market volatility or a downturn in retirement”? CLICK HERE.
High-yield exchange-traded funds can be attractive to retirees seeking current income or to any investor seeking diversification. However, the author of today’s article reminds us that “handsome yields always come with a cost in either higher risk or diminished growth” – and so, in order to help navigate the world of high-yield ETFs, he highlights what he sees as the best high-yield funds from seven different categories, including high-yield domestic stock funds, junk bond funds and preferred stock funds. For more, CLICK HERE.
How can investors – especially retired investors – beat the market without fail? The author of today’s article outlines “a simple step-by-step common sense-based strategy” to do just that, with the following caution: “What I will be presenting may not be what you are expecting, particularly if you have a narrow notion of what beating the market means. In other words, one of my primary objectives will be to expand your mind and attitudes regarding what investment performance is truly all about.” For more, CLICK HERE.
Americans could require savings of anywhere from $666,000 to $2 million to retire, according to a recently released analysis. The key factor underlying this wide range? The state in which one chooses to retire, with the $666,000 figure representing the amount potentially needed to retire in Mississippi (the cheapest state to retire in) based on the estimated average annual expenditure of a typical retired person outside of Social Security checks, and the $2 million figure representing the same amount for Hawaii (the most expensive state to retire in). What about the state you plan to retire in? CLICK HERE.
“It’s easier than you think to identify Warren Buffett’s top retirement stock. Don’t overthink it. It’s his own company: Berkshire Hathaway,” declares the author of today’s article, who identifies the “secret” that allows Berkshire to deliver such impressive returns – and which makes it “the single best retirement stock out there today.” For this – and more reasons why Berkshire is a perfect stock for retirees – CLICK HERE.
“It may be nice to look back at the gains of the last year, several years or decade, but it’s the look out into 2020 and beyond that will matter the most for any investor who is not yet in retirement,” notes the author of today’s article after reviewing the strong stock market gains of 2019. So can those gains continue? In order to assess this, he provides “a review and preview of issues impacting 2019 and looking into 2020”, examining the risks and opportunities involved in the stock market in general as well as in specific companies. For more, CLICK HERE.