“Gut Check”: How One Man’s Extremely Bad Luck Is A Wake-Up Call For Retirees

2020-03-09 20_13_00-Window“This is very disconcerting and very bad timing,” says Tracy Donaldson, a newly retired Floridian who had the extremely bad luck of retiring the same week the Dow dropped significantly on coronavirus fears. But while Donaldson’s guaranteed pension and Social Security mean he’ll be fine even in the event of a lengthy downturn, many retirees may find themselves in a much more fragile position – and Donaldson’s bad luck should serve as a wake-up call. For more, CLICK HERE.

A Smart – And Little-Known – Spousal Social Security Strategy

2020-03-05 18_21_21-Person Using Black and Gray Laptop Computer Beside White Ceramic Cup on Brown WoWhen it comes to Social Security benefits, the author of today’s article points out an unfortunate reality: “Many retirees are depending on their benefits for a substantial source of income, yet they don’t fully understand how to maximize those monthly checks.” She proceeds to outline a little-known Social Security strategy for couples that, while perhaps not a pleasant one to think about or discuss, can help ensure a more comfortable retirement for you or your spouse. For more, CLICK HERE.

Meet The New ‘Bonds’ For Retirement

2020-02-20 23_21_23-Trees in Park · Free Stock PhotoWith longer life expectancies and lower interest rates, among other factors, the traditional 60/40 portfolio “just won’t be able to cut it anymore”, according to some financial experts. Instead, greater allocations to equities will be needed – and dividend stocks will become the new bonds for retirement. One place investors can look for higher yields for their retirement portfolios? Business Development Companies, which are averaging annual yields of nearly 10%. For more, CLICK HERE.

Opting In To (Or Not Opting Out Of) Higher Retirement Wealth

2020-02-12 22_21_18-WindowCan something as simple as how a question is asked have a dramatic impact on an individual’s retirement wealth? A just-published study finds that, indeed, it can! In fact, the authors of the study found that “How a deceptively simple question gets asked can lead to an improvement in retirement wealth of up to 50%”. What is this “deceptively simple question” – and how can how it gets asked lead to such a significant improvement in retirement wealth? CLICK HERE.

What Type Of Retirement Saver Are You?

2020-02-03 20_41_45-WindowThe author of today’s article outlines five types of retirement savers. Which type are you – and what does that mean for your retirement savings? What about those who can’t or don’t save at all for retirement? What five circumstantial variables does the author identify as generally having “the biggest impact on your retirement savings” – and how can you use those variables to your advantage, especially if you’re behind on your retirement savings? For more, CLICK HERE.

Retirement Savings: Is $3 Million The New $1 Million?

2020-01-29 09_05_22-Egg on Gray Stainless Steel Forks · Free Stock PhotoIf you’re on track to accumulate the oft-recommended goal of $1 million in retirement savings, there’s some potentially discouraging news: some financial advisers argue that a nest egg of $1 million is no longer sufficient, with one adviser cited in today’s article declaring that “The new rule of thumb is $3 million.” Why is this new $3 million savings target “simply a matter of mathematics” – and what does it take to achieve it? CLICK HERE.

The Paradoxes That Can “Bedevil” Financial Decision-Making

2020-01-25 09_10_24-Light Bulb · Free Stock PhotoThe worst fear of retirees is coming to the end of their money before they come to the end of their lives, and yet, as the author of today’s article observes, “few choose the financial product that is purpose-built to solve that problem”. This is just one of many paradoxes that can “bedevil” financial decision-making, and while there’s nothing we can do about these paradoxes, the author advises that “there is great value in being aware of them, so we can approach them with the right tools and the right mindset.” For more paradoxes to be cognizant of, CLICK HERE.

The Secret That Makes Berkshire Hathaway The “Single Best Retirement Stock Out There Today”

2020-01-08 20_46_17-White and Pink Flowers Beside A Canister · Free Stock Photo“It’s easier than you think to identify Warren Buffett’s top retirement stock. Don’t overthink it. It’s his own company: Berkshire Hathaway,” declares the author of today’s article, who identifies the “secret” that allows Berkshire to deliver such impressive returns – and which makes it “the single best retirement stock out there today.” For this – and more reasons why Berkshire is a perfect stock for retirees – CLICK HERE.