While analysts at Goldman Sachs believe that the S&P 500 will rise to 3,000 by the end of the year, they also caution that, despite the market having rallied in recent days, more pain lies ahead in the coming weeks and that the market has not hit its coronavirus-induced bottom yet. When can market participants feel confident that the market has indeed hit bottom? The analysts outline three criteria that they believe must be met. CLICK HERE.
“Instead of worrying about how far share prices will fall or how widely the coronavirus will spread, think about the opportunities,” advises the author of today’s article, who proceeds to outline four opportunities he sees currently – including an opportunity for retirees who need cash from their homes. For more, CLICK HERE
How can investors – especially retired investors – beat the market without fail? The author of today’s article outlines “a simple step-by-step common sense-based strategy” to do just that, with the following caution: “What I will be presenting may not be what you are expecting, particularly if you have a narrow notion of what beating the market means. In other words, one of my primary objectives will be to expand your mind and attitudes regarding what investment performance is truly all about.” For more, CLICK HERE.
Americans could require savings of anywhere from $666,000 to $2 million to retire, according to a recently released analysis. The key factor underlying this wide range? The state in which one chooses to retire, with the $666,000 figure representing the amount potentially needed to retire in Mississippi (the cheapest state to retire in) based on the estimated average annual expenditure of a typical retired person outside of Social Security checks, and the $2 million figure representing the same amount for Hawaii (the most expensive state to retire in). What about the state you plan to retire in? CLICK HERE.
The SECURE Act, which went into effect on January 1st, will change the way workers save for retirement, the way retirees spend down their retirement savings, and the way beneficiaries will receive money from inherited retirement accounts. But the various provisions of the SECURE Act aren’t the only ways that saving for retirement will change this year. As today’s article notes, “Other trends have been in motion over the last few years” – and the author outlines three trends that will impact how Americans save for retirement this year and beyond. For more, CLICK HERE.
While some argue it’s not enough – and others argue it’s needlessly high – the figure of $1 million is frequently cited as the amount to strive for when it comes to retirement savings. And with the average 401(k) and IRA accounts having balances of around $100,000, today’s article lays out scenarios to get from this starting point to $1 million in retirement savings, whether you have 30 years, 20 years, or just 10 years until retirement. For more, CLICK HERE.
Socially Responsible Investing (SRI) and Environmental, Social and Corporate Governance (ESG) have been gaining popularity as investment approaches, but are ESG/SRI funds good for retirees and soon-to-be-retirees? The author of today’s article believes that “The ensuing debate over SRI and ESG investing is potentially an existential one for retirees and soon-to-be retirees”, given the question as to whether these approaches lead to diminished – or superior – returns. What does the research have to say about the suitability of ESG/SRI funds for retirees? CLICK HERE.
What are the odds that the stock market will crash at some point (or multiple points) during the course of your retirement? Researchers have actually developed a formula for making this determination – and based on that formula, the author of today’s article warns that “the odds of a huge crash are…high enough that you should expect at least one, and perhaps more, during your retirement.” For more – including the number of smaller crashes the formula indicates one should expect over the course of a 30-year retirement and why, despite what many believe, government regulations and safeguards are unlikely to prevent future crashes – CLICK HERE.
Despite having “restricted” in their name, the ultimate benefit of restricted stock units (RSUs) is their flexibility. As today’s article explains, RSUs are a type of equity compensation for employees that offer “a new building block toward retirement, while also opening doors for investments, experiences and major purchases throughout the course of your life.” For more on the basics of RSUs and the many ways they can be used to help you achieve your short- and long-term financial goals, CLICK HERE.
While he acknowledges that it may seem like a trivial amount, the author of today’s article illustrates just how much of an impact 1% more can have on your earnings, savings, investing and, when combined, on your overall net worth. For more on the power of 1% more – including how you can go about getting that extra 1% in each of the aforementioned areas – CLICK HERE.