Retiring At The (Market) Peak: How Bad Is it?

2019-04-28 15_39_54-_ HD photo by Chantal & Ole (@pluto353) on UnsplashWhat happens if you have the bad luck to retire at a market peak, right before a brutal bear market (a scenario that many approaching retirement right now may be especially concerned about)? The author of today’s article runs the numbers to determine what effect this has on a portfolio’s value over the course of a retirement – and his findings may surprise you. For more – including what leads the author to conclude that “Retiring just before a stock market peak could be ruinous to your financial health but it doesn’t have to be” – CLICK HERE.

Read More

Mean Retirement: How Much The Average Retiree Spends Each Month (And On What)

2018-12-26 21_23_48-50+ Beautiful Wallet Photos · Pexels · Free Stock PhotosThe average household run by a retirement-age person (someone 65 or older) spends only $1,000 less each month than the average U.S. household. Surprised spending does not decrease more in retirement? In order to help you better plan your retirement finances today’s article breaks down the monthly spending of the average household run by a retirement-age person into seven categories. For more, CLICK HERE.

Read More

The Challenges Presented By – And Strategies For Dealing With – “The Magic Retirement Age”

2018-10-10 19_53_42-WindowWhatever your planned retirement age, you’re likely to retire closer to age 61 than you think. This is one of the findings of a recent study of retirement data, which found that “planned and actual retirement ages align at 61, with those planning to retire earlier than that tending to retire later than expected, and those planning to retire after 61 tending to retire earlier than expected. In other words, actual retirement ages pull toward 61.” What did the same study find about predicting who will end up retiring earlier (or later) than planned – and what are some strategies for dealing with the challenges presented by the magic retirement age? CLICK HERE.

Read More

The Major Crack In The Foundation Of Many Americans’ Retirement Plans

2018-08-21 19_00_42-100+ Amazing Plan Photos · Pexels · Free Stock PhotosThe foundation of any retirement plan is the age at which we plan to retire. Unfortunately, as today’s article highlights, “that foundation isn’t nearly as solid as we think. We often systematically misjudge when we’ll actually retire, and that can wreak havoc on our finances.” What does a new study – which found that roughly half of Americans retire earlier than planned – offer as the best formula for estimating the gap between our planned and actual retirement age – and what does the existence of this gap suggest some investors may need to do in order to hit their retirement targets? CLICK HERE.

Read More

Expectations Game: How Long Will Your Retirement Last?

2018-04-26 08_47_22-500+ Beautiful Old Age PhotosIt’s one of the most important numbers when it comes to devising your retirement plan – but also one of the most difficult to pinpoint: how many years will your retirement last? The author of today’s article notes that “for many people this number is basically a wild guess, if it’s considered at all. That’s a problem because getting this right can be the difference between having a comfortable retirement and not.” So what does the data indicate about how long your retirement will last based on your current age and your retirement age? CLICK HERE.

Read More

ETF Your Way To Retirement With These Strategies

2017-10-09 05_16_29-Free stock photo of adult, brother, childWhether you are still young and have high risk tolerance, are middle-aged with moderate risk tolerance, or are at retirement and need reliable income, today’s article seeks to answer the following question: “How can you buy ETFs to build a comprehensive, long-term retirement portfolio?” For each of the aforementioned life stages, the author outlines the types of core – and supplemental – exchange-traded funds to consider for your portfolio – and identifies some specific funds that may be the best picks in fulfilling these strategies. To read more, CLICK HERE.

Read More

Millennials: Retirement Saving Role Models?

2016-04-03 11_35_56-Microsoft Office Picture ManagerMight the generation that is the furthest away from retirement – millennials – actually be the most retirement savvy? Today’s article argues that “despite the long time horizon, millennials recognize the importance of saving for their retirement” and outlines the specific ways in which this generation is “getting it right”. What can be learned from millennials about tacking expenses, saving, and the benefits of Roth IRAs over Traditional IRAs, among other things? And what four “key retirement guidelines” does the author suggest be kept in mind “regardless of your age and retirement horizon”? CLICK HERE to find out.

Read More