If Social Security benefits replace approximately 40% of your pre-retirement income, where do you find the other 60% –and, of particular relevance today, where do you find the other 60% when interest rates are near historic lows? Today’s article outlines one “simple solution” to this challenge, noting that “It can be more volatile than a savings account. And it can require you to do a little homework. But it can offer the retirement income you want.” For the solution in question – which involves diversifying across three different types of investment vehicles offering yields up to 7% or more – CLICK HERE.
Given the fiscal state of the Social Security system, the author of today’s article advises that, when it comes to financing your retirement, “You have to assume you’re not going to get much help from our government, you’re not going to get much help from your employer, and your financial future is all up to you. And that means you need to save more and save a lot.” So what are some strategies that will allow you to retire rich – or at least retire comfortably – without relying on Social Security? 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.
How are so-called “super savers” – people who save 20% or more of their incomes – able to be super savers? New research has identified “the single biggest difference between what super savers spend less on, as compared to the rest of us” – something super savers spend just 14% of their incomes on compared to 23% for non-super-savers. To find out what this critical thing super savers do differently in terms of spending is, CLICK HERE.
This retirement strategy is on the rise – and it also has a fancy name: geo-arbitrage. With geo-arbitrage, individuals accumulate retirement income in the U.S. and then relocate to locations around the globe with a lower cost of living. Noting that “it’s a big world, and every country poses unique opportunities and complications”, today’s article outlines “five practical questions” for individuals considering taking advantage of geo-arbitrage to ask themselves as they evaluate various locales. For more, CLICK HERE.
How do you calculate how much income you will need in retirement (and how much you need to save for retirement given that figure)? What kind of retirement account is right for you? What makes a good 401(k) plan (and how can you make the most of your 401(k) plan)? What about fees, asset allocation, and retirement income streams? And how can you retire early? Today’s article tackles these questions and more as part of a “comprehensive guide” on saving and investing for retirement. For more, CLICK HERE.
“The challenging task of getting decades’ worth of savings to last a lifetime can be made more manageable with a single product: an income annuity,” notes the author of today’s article. However, despite this, income annuities have yet to really catch on with investors. Given this, the author proceeds to outline who may benefit from an income annuity (and who likely doesn’t need one), how much of one’s savings to consider putting in an income annuity, when (and how) to consider buying income annuities, and more. CLICK HERE.
The findings of a recent study suggest that “retirees tend to reduce spending once they realize they are unprepared for how quickly expenses add up.” However, the study also found that certain subsets of retirees – such as retirees with pensions – spend considerably more than average, which the author of today’s article points to as reflecting “the power of predictable income”. Where does that leave retirees without pensions? The author highlights one strategy they can use to harness this power. CLICK HERE.
Despite the volatility associated with the oil industry – and the fact that oil prices have once again crashed into a bear market – the author of today’s article points out that there are still solid picks in this area for conservative investors, including retirees. He proceeds to highlight three blue-chip oil stocks with “attributes that make them high-yield retiree dream stocks, capable of delivering generous, safe and rising income even when oil prices crash.” For an in-depth look at these three stocks – and which one the author believes is the best of the bunch – CLICK HERE.
What’s the one thing most preventing you from building wealth? The author of today’s article makes the case that, when it comes to building wealth, “one financial decision in particular has been absolutely catastrophic for people at every income.” In fact, he outlines how taking a different course when it comes to this particular financial decision has the potential to generate hundreds of thousands of dollars by retirement. So what is this wealth-killing decision – and how can you change your mind set about it? CLICK HERE.