How Lottery Money Can Help Fund Your Retirement (But Not In The Way You Think)

2019-06-30 18_06_23-Documentary work for the UK National ... _ HD photo by dylan nolte (@dylan_nolteNearly 40% of U.S. consumers (and nearly 60% of millennials) see winning the lottery as a reasonable way to fund retirement, leading the author of today’s article to scoff that “You might as well bet on the tooth fairy paying off your credit card balance every month.” However, he also outlines how Americans’ lotto habit can actually help fund their golden years – just not in the way you think. For more, CLICK HERE.

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Is 16.4 The Critical (And Jaw-Dropping) Retirement Number?

2019-06-01 13_09_58-Girl holding American Dollar Bills _ HD photo by Alexander Mils (@alexandermils)A critical part of retirement planning is figuring out how much you will need to have accumulated to fund your golden years – and one common approach to calculating this figure is to use a multiple of your ending salary. Fidelity, for example, recommends retirement savers have 10 times their ending salary saved by age 67. And while different entities have put forth different numbers, one global professional services firm put forward a jaw-dropping finding in its recent report on the matter. Does the average retiree actually need 16.4 times their ending salary to fully fund their retirement? CLICK HERE.

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When It Comes To Outliving Your Money, This Is “The Single Biggest Risk You Face”

2019-02-22 07_13_53-WindowThe retirement expert cited in today’s article calls them “the single biggest risk you face in outliving your money”: out-of-pocket healthcare expenses and costs for long-term care. These expenses can now total over half a million dollars, “almost four times more than the typical couple nearing retirement has saved in their combined retirement accounts”. Given this, the author outlines several steps retirement savers can take to help avoid having their golden years torpedoed by this risk. For more, CLICK HERE.

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Considerations Before Lighting Your Retirement On FIRE

2018-09-02 18_57_36-Fire Pictures · Pexels · Free Stock PhotosThe FIRE (Financial Independence, Retire Early) movement has been gaining traction – but, as today’s article seeks to make clear, as wonderful as the prospect may seem, extra-early retirement isn’t for everyone. Specifically, the author outlines some of the financial and emotional consequences of early retirement – as well as some questions to ask yourself if you are still considering leaping into the FIRE. For more, CLICK HERE.

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These 3 Consistent Dividend Raisers Can Be Social Security Supplementers

2018-05-26 19_56_13-Working at home, digital device, connection and copy space HD photo by rawpixelThe average monthly Social Security benefit this year is just $1,404. Needless to say, most retirees will need to supplement their Social Security payments – significantly – in order to generate enough income to live comfortably in their golden years. And the three stocks highlighted in today’s article – with their consistently increasing dividend payouts – can play a part in that effort. For these three stocks worth considering for retirement portfolios – including one that has increased its payout for almost 60 years – CLICK HERE.

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The Case For A Little Gold In Your Golden Years

2018-03-18 15_51_09-Free stock photos of gold · PexelsCan a little gold help secure your golden years? The author of today’s article notes that “regardless of the cause, inflation can wipe out seniors and savers buying power very quickly” – and believes that one of the best ways for individuals to protect themselves against inflation is by owning precious metals. But what’s the best way to go about buying and holding gold for this purpose? The author goes to a precious metals analyst for his recommendations on what to buy, what not to buy – and how to store it. CLICK HERE.

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Some (Not So) Fun Facts About Retirement

2017-11-26 20_58_39-Scenic View of Beach · Free Stock Photo“While the post-work years can truly be golden for those who plan for them, many retirees are caught off guard by the facts of their new life,” warns the author of today’s article. He proceeds to outline several facts about retirement that, while not necessarily fun facts, are things that he believes those approaching retirement should be cognizant of before leaving the workforce for good. To read more, CLICK HERE.

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When It Comes To Saving For Your Golden Years, These 3 Misconceptions Prevail

2017-11-12 08_09_47-Golden cup and basket with books · Free Stock PhotoWhen it comes to all the interconnected pieces of successful retirement planning (taxes, Social Security, health care, etcetera), the author of today’s article points out that, ultimately, everything goes back to one fundamental question: How much money do I need to retire? Unfortunately, when it comes to answering this question, there are a number of misconceptions that people are prone to – and the author outlines three such misconceptions “that outrank all the others” (and which threaten one’s freedom, comfort, and peace of mind in retirement). CLICK HERE.

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