“Let me put it this way: you wouldn’t not take your mortgage interest deduction because… you didn’t feel like it? Or it was hard?” points out the author of today’s article. And yet a surprisingly large number of Americans are not taking advantage of major tax breaks available to them – including what the author refers to as “The one retirement plan that goes completely overlooked”. For more on how to become more tax aggressive, CLICK HERE.
Believe it or not, Democrats and Republicans in Congress might actually get something done on a bipartisan basis in the coming weeks, and as today’s article notes, that something “has the potential to be a big win for individual investors”. More specifically, there’s a real chance that Congress could pass bipartisan retirement savings legislation that would be signed into law – and enhance retirement savings opportunities. For some of the key provisions of the two Congressional bills that any final compromise bill would be based on, CLICK HERE.
In a new survey conducted by Fidelity Investments, 75% of respondents reported feeling only somewhat confident to not confident at all about their retirement finances. Ultimately, those that lacked a financial plan for retirement lacked confidence, while those that had a plan also had confidence. As such, today’s article lays out “five small, practical steps you can take to boost your confidence in your retirement finances by creating a financial plan for retirement”. For more, CLICK HERE.
When it comes to periods of extended market weakness, the author of today’s article notes that “Retirees…tend to experience [them] differently, and more viscerally, than their still-working counterparts” as they are living off the finite balances of their portfolios. So while those who are still working may be able to ride out – or even take advantage of – market weakness, what are retirees and those nearing retirement to do? The author outlines “some key steps to take in the event of serious market volatility–or better yet in advance of it.” For more, CLICK HERE.
Stress tests aren’t just for banks – they’re useful for retirement plans too! And a comprehensive stress test of your retirement plan involves more than just stress testing your portfolio: the author of today’s article advises that “you should stress test your venue, your retirement and income portfolios, and anticipated leisure pursuits.” For more on carrying out a comprehensive stress test of your retirement plan – including how to test whether your portfolio can survive a market shock and how many times it may be prudent to visit prospective retirement venues – CLICK HERE.
“Gaming companies are a tough group of stocks to own,” acknowledges the author of today’s article, pointing to, among other things, how sensitive casino profits are to changes in economic conditions. For those looking for gaming related income stocks, however, gaming-focused real estate investment trusts may be a lucrative investment – and the author highlights three specific gaming REITs to consider. For more, CLICK HERE.
“Social Security is what it is — and it isn’t what it isn’t,” states the author of today’s article who argues that, while Social Security is an asset, it is not a bond – and thus investors are ill-served by considering Social Security part of their retirement portfolio’s bond allocation. What is Social Security, what isn’t Social Security – and how does the author recommend fitting it into an overall retirement portfolio? CLICK HERE.
“The bottom line is that generating secure income to meet our retirement goals for an uncertain period of time is extremely challenging,” acknowledges the author of today’s article, who likens this task to “trying to hit a moving target in the wind.” He proceeds to outline one approach to doing so – the so-called flooring approach. How does the flooring approach to retirement income planning work, who is this strategy suited for, and what are some important flooring “flipsides” so consider? CLICK HERE.
Strategies for accumulating wealth receive much more attention than strategies for decumulating wealth despite the fact that, as the author of today’s article points out, nowadays the decumulation phase of one’s life can be just as long as the accumulation phase. He also acknowledges problems with safe withdrawal strategies, including the fact that there’s a good chance you’ll end up leaving money on the table when you die. Instead, he states, “If that’s not what you want — if your goal is only to spend as much as you can in your lifetime without running out — my calculations show that there’s a much better way.” For more, CLICK HERE.
When it comes to annuities, the author of today’s article has some very strong (negative) feelings, asserting that “Whatever you think an annuity can do for you, it can’t. Or there is likely a cheaper, better, more flexible way to do it.” What kinds of annuities does he declare are “bogus” (and why)? What kinds of annuities does he describe as “the slow-killer cigarettes of investing” (and why)? And what does he outline as a better approach when it comes to retirement income? CLICK HERE.