If you want to increase your chances of a financially secure retirement, new research indicates that one way to do so is to be dynamic…with your spending strategy. The study “measured the success rates of various strategies that adjusted withdrawal rates depending on whether your portfolio in any given year is ahead or behind of what your retirement financial plan had assumed it should be” – and suggests that you can significantly increase the likelihood of achieving your retirement financial goals with relatively modest adjustments. For more on dynamic retirement financing strategies, CLICK HERE.
You’ve heard of black swan events (events which are extremely rare and hard to predict but which can have severe consequences), but what about white swan events? As today’s article explains, these events can be just as devastating to financial plans, but, despite the fact that they are more common and foreseeable than black swan events, people spend little time thinking about them. The author proceeds to outline some white swan events that he failed to predict when planning his early retirement, making the first two years of his retirement extremely tumultuous. For more, CLICK HERE.
“The benefits of owning a Roth IRA are nothing short of amazing,” declares the author of today’s article, pointing in particular to the fact that money in a Roth IRA grows tax-free and is withdrawn tax-free. Of course, taxes are paid on money converted from a regular IRA to a Roth IRA, but, as the author proceeds to outline, with proper planning retirees and soon-to-be retirees can hit the “Roth sweet spot” and get the most bang for their buck from a Roth conversion. For more on this strategy, CLICK HERE.
If you’re looking to retire abroad, you likely want some place with a suitable climate and a low cost of living – including low health care costs. But another important consideration is health care efficiency. As such, in seeking to identify the best places for Americans to retire abroad, the author of today’s article factored in how contender countries rank in terms of health care efficiency – with all the countries that made the final list ranking higher than the U.S. For more, CLICK HERE.
Today’s article contains some good news and some bad news for retirees whose portfolios suffer substantial losses (such as the 17% loss incurred by one of the model portfolios from a top-performing newsletter over the first six months of this year). The good news? Even the worst performers are likely to eventually recover their losses. The bad news, however, has to do with how long eventually might be – and what that means for retirees’ standard of living. For more, CLICK HERE.
There was a time when people didn’t worry about retirement, because there was no such thing. Rather, with significantly shorter life expectancies, most people worked until they died. As the author of today’s article notes, “The average American now retires at age 62 while 100 years ago, the average American died at age 51” – and this development has some critical investor and market implications. For more – including the biggest risk retirees face, whether the baby boomer retirement wave could crash the markets, and “two simple solutions that can make your money go further to take advantage of the fact that people are living longer” – CLICK HERE.
When it comes to generating retirement income, the author of today’s article advises that “Getting yield that’s at least twice SPY’s can make it worthwhile to take on higher costs and other risks” – and he proceeds to highlight several funds for retirement income, recommended by prominent financial advisors, whose yields at least double the yield of the broad market. For the details of these six funds – including the pros and cons of each – CLICK HERE.
“Because calendars often become more cluttered between September and year-end, midsummer is a good time to take a closer look at your financial life,” advises the author of today’s article, who proceeds to outline a number of financial tasks that retirees may want to tackle now rather than later. First up on this to-do list? Making a preliminary assessment of whether you’ll itemize deductions or take the standard deduction – and why it may be best to think multiyear when making this determination. For more, CLICK HERE.
“If you’re retired or a conservative investor who cannot afford to lose money, your bank certificate of deposits are about to become worthless. Or close to worthless,” declares the author of today’s article as it appears the Fed is gearing up to cut interest rates. So what are fixed-income investors who want to make money on cash without putting that cash in the stock market to do? The author identifies their “one option in the conservative fixed-income space” – and what may be the best specific bet. For more, CLICK HERE.
Nearly 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.