While there seems to be a constant stream of news and market developments (and presidential tweets) that those nearing retirement need to keep up with today, the author of today’s article asserts that “to be successful in retirement today requires a much more holistic view of what you are facing and what the investment realities are” – and he proceeds to outline four such financial realities that retirees need to be cognizant of – and address – if they are to enjoy financially secure retirements. For more, CLICK HERE.
If someone saves nothing for retirement, enjoys their hard-earned money during their working years, and then unexpectedly inherits a windfall at age 60, was not saving a good decision? Conversely, if someone saves diligently for retirement, lives frugally during their working years, and then dies suddenly from a heart attack at age 60, was saving a bad decision? This type of thinking, the author of today’s article explains, reflects the concept of “resulting” – and he warns that “In personal finance and investing, resulting is dangerous.” For more on resulting and the danger it poses, CLICK HERE.
The author of today’s article – who is fortunate enough to have a pension – is concerned about the majority of Americans (including his own children) who are not so fortunate, and who will have to rely on Social Security and their investments to fund their retirements. His fear? “Even if these folks are saving regularly, they don’t really understand how to invest or how to manage their nest egg once retired.” He proceeds to outline everything involved in making a pension-less retirement work. For more, CLICK HERE.
If you’re an investor that is fortunate enough to have amassed a portfolio capable of producing the income you require to live off of comfortably in retirement, today’s article outlines some fundamental principles to consider when designing a dividend growth portfolio for retirement, with the author advising that “These principles can be utilized to reconstitute a portfolio that has previously been more growth oriented when in the accumulation phase. Additionally, these principles can be utilized to effectively manage the portfolios of already retired investors focused on income.” For more, 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.
“The riskiest day in your entire financial life is the day you retire,” declares one investment manager cited in today’s article, which examines the critical conundrum that retirees face today: “How to invest in retirement with enough risk to maintain your purchasing power for 30-plus years while not taking so much risk that you leave your underbelly exposed.” So what are some strategies for doing so – including one strategy that involves maintaining a specific constant equity exposure throughout retirement? CLICK HERE.
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.
How can you go about building a portfolio that would provide your loved ones with reliable income while requiring little to no maintenance? The author of today’s article lays out one option: A “three-fund portfolio [that] will hand us a diverse collection of investments built to hold up in any market, throw off a steady 8% dividend and pay dividends monthly, to boot.” For the three actively managed funds making up this “autopilot” dividend portfolio, CLICK HERE.
Robots and a smart fridge keeping you from having to go into a nursing home. Some new (and simple) math for retirement saving. New alternatives to purchasing long-term care insurance. The retirement community of the future. There are among what may be the best new ideas in retirement as, thanks to increasing longevity and the changing nature of work, traditional “institutions, financial instruments and even our vocabulary no longer seem adequate to cope with the challenges of retirement.” For more on these retirement innovations, CLICK HERE.
When it comes to retirement versus financial independence, the author of today’s article sees “both as interchangeable, because in essence, in both cases folks are having the financial flexibility to live life to their own terms, not being chained to a desk or a job they may dislike. In both situations, you have the option to leave one endeavor and focus on another one.” He proceeds to outline the three “main ingredients that allow you to reach financial independence” and the specific investing technique he has chosen to employ in his pursuit of financial independence: dividend growth investing. For more, CLICK HERE.