Retired

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

“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… 

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

When 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… 

Meet The New ‘Bonds’ For Retirement

With 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… 

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

Can 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… 

“The Biggest Lie In Personal Finance”

The author of today’s article calls it “the biggest lie in personal finance” – and sees it as pervasive among articles on how to achieve early retirement. What is this lie, how does the financial media feed it, and what does the author argue is the only real “secret” to getting rich? CLICK HERE.

What Type Of Retirement Saver Are You?

The 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… 

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

If 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… 

The Paradoxes That Can “Bedevil” Financial Decision-Making

The 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… 

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

“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… 

REITs And Other Investments Right For Retirees

“Don’t let retirement stop you from earning money,” advises the author of today’s article, who proceeds to outline some of the best investments for retirees who want to see their retirement savings grow – and ideally generate some dividend income. For what she sees as the best investments in this regard – including what makes REITs right for retirees –…