“The bottom line is that generating secure income to meet our retirement goals for an uncertain period of time is extremely challenging,” acknowledges the author of today’s article, who likens this task to “trying to hit a moving target in the wind.” He proceeds to outline one approach to doing so – the so-called flooring approach. How does the flooring…
When it comes to de-risking your retirement portfolio, the author of today’s article suggests thinking of it as being akin to de-icing your car, noting that “de-risking is important. It helps insulate your future retirement income from a market plunge that could occur near, or soon after, your retirement date.” In terms of how to de-risk, however, she advocates taking…
A recent study found that three in five Americans are very likely to work longer than desired – an additional two years on average – to meet their retirement goals. Having to work longer than expected is just one of the many surprises that those approaching (and those in) retirement encounter. In today’s article, a number of financial planners reveal what…
“The goal of every dividend investor is to generate a sufficient stream of passive dividend income, that would adequately cover their expenses,” notes the author of today’s article –who proceeds to outline a process by which someone looking to retire in 10 years could attain this goal “even if you picked average companies.” For the five guidelines to follow in…
Today’s article highlights three small steps you can take that can make a dramatic difference (or giant leaps) in the ultimate size of your retirement nest egg. Among these steps is one the author states “is often the epitome of small-step-but-big-leap planning, as it can have almost no impact on your current financial situation, but may have dramatic impacts on…
There are over 8,000 mutual funds and the average participant in a workplace retirement plan has 28 investment options to choose from. However, the author of today’s article advises that “you can create a smart, diversified portfolio with just a handful of mutual funds” – and she proceeds to highlight some model “lazy portfolios” to do just that. To learn…
Leading up to retirement the goal is producing enough income to build a sizable nest egg. Upon retirement the goal shifts to spending what has been built up in such a way that you don’t outlive your nest egg. And while the general rule of thumb has been the 4% rule – that retirees could safely withdraw 4% of their…
For investors in their 50s looking to both grow their retirement nest eggs and build a steady stream of passive income, today’s article highlights one stock which, “with its powerful wealth-building combination of increasing dividend payouts and share-price appreciation”, may be one of the best picks for achieving both of these goals. To find out what this stock is –…