How Retirees Can Ready For A Recession

2019-09-19 13_08_23-WindowHow can retirees best ready themselves for a possible recession? Construct a sound financial plan if you don’t already have one, according to the author of today’s article. And if you already have an appropriate financial plan in place, his advice, “in short, is to do nothing.” Why does he recommend doing nothing in the face of a possible recession? Because, as he proceeds to outline, “a recession doesn’t automatically lead to losses in your portfolio”. For more, CLICK HERE.

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5 Small Steps To Solve A 75% Retirement Problem

2019-05-19 18_54_01-Low Angle Photography of Escalator · Free Stock PhotoIn 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.

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Safe Withdrawal Rates: Why 2.6 Doesn’t Have To Be The New 4

2017-12-14 20_00_32-Free stock photo of account, atm, bankIs 2.6 the new 4? When it comes to your financial plan’s safe withdrawal rate in the low-return environment that many institutions are forecasting for traditional asset classes going forward, that may be the case. However, rather than just accepting lower withdrawal rates, there may be things investors can do to overcome this situation. Today’s article offers a number of ideas in that regard – “a diversified set of marginal improvements that taken together can compound and have a large impact on investor results.” To read more, CLICK HERE.

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Emergency Fund 411: How Much, How and Where?

2017-10-01 15_43_51-Free stock photo of bank, banking, businessDipping into your 401(k), taking out a loan, or turning to high-interest credit card debt when life throws one of its unpleasant (and expensive) little surprises your way has its cost. As the author of today’s article notes, “any of these steps will set you back in growing your net worth and hinder your ability to reach your goals.” Thus the need for an emergency fund as part of one’s financial plan. But how much cash should an emergency fund contain? How do you go about building up an emergency fund from scratch? And where does the author state is the best place to keep an emergency fund – and why? CLICK HERE.

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Creating An In-Retirement Financial Plan

2017-04-23 12_35_01-Free stock photo of arm, desk, handThe transition from building up savings leading up to retirement to spending down those savings once in retirement can be challenging, both strategically and psychologically – and thus mapping out an in-retirement financial plan is critical, notes the author of today’s article. To aid in this complicated endeavor, she lays out “the key tasks to tackle” when devising such a plan – including deciding whether to annuitize a portion of your portfolio (and, if so, how much), determining your withdrawal sequencing, and coming up with a succession plan for your portfolio. To read more, CLICK HERE.

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