When it comes to identifying the “best” retirement locations, the author of today’s article acknowledges that “the best place to retire will ultimately depend on the retiree”. Still, there are some key factors relevant to all retirees, including housing costs, tax rates and health care. As such, the author proceeds to highlight what may be nine of the smartest retirement locations in the U.S., most of which “have a moderate to low cost of living, and all are located in states that exempt all or a portion of retirement income from taxes, with the exception of one.” For more, CLICK HERE.
When it comes to generating retirement income, the author of today’s article advises that “Getting yield that’s at least twice SPY’s can make it worthwhile to take on higher costs and other risks” – and he proceeds to highlight several funds for retirement income, recommended by prominent financial advisors, whose yields at least double the yield of the broad market. For the details of these six funds – including the pros and cons of each – CLICK HERE.
Thirty-four percent of workers who have calculated how much they need to save for retirement concluded their magic retirement number is $1 million – and the author of today’s article has some encouraging words for those striving to amass $1 million for retirement on modest salaries: “building your nest egg to that size can be easier than you expect…All you have to do is follow some simple steps.” For more on what characterizes ordinary people with typical paychecks who become 401(k) millionaires, CLICK HERE.
If Social Security benefits replace approximately 40% of your pre-retirement income, where do you find the other 60% –and, of particular relevance today, where do you find the other 60% when interest rates are near historic lows? Today’s article outlines one “simple solution” to this challenge, noting that “It can be more volatile than a savings account. And it can require you to do a little homework. But it can offer the retirement income you want.” For the solution in question – which involves diversifying across three different types of investment vehicles offering yields up to 7% or more – CLICK HERE.
“Owning a home is wonderful, but don’t bank on real estate as your chief retirement investment,” advises the author of today’s article, which looks at the reality when it comes to looking to real estate as a source of retirement riches. What’s the problem with banking on homes for retirement income – especially given the fact that many people have seen big gains from buying starter homes? For more, CLICK HERE.
When it comes to funding his retirement, the author of today’s article intends to do it with the dividend income his equity portfolio generates, noting that “Dividend payments are more stable than share prices and the potential for capital gains, which makes them an ideal source of income for retirement. Historically, US dividend growth has exceeded the rate of inflation. This means that dividend income not only maintains purchasing power, but increases it over time.” As for how to go about creating a portfolio of dividend stocks to live off of in retirement, he lays out his process, which begins with having “the end goal in mind”. For more, CLICK HERE.
This retirement strategy is on the rise – and it also has a fancy name: geo-arbitrage. With geo-arbitrage, individuals accumulate retirement income in the U.S. and then relocate to locations around the globe with a lower cost of living. Noting that “it’s a big world, and every country poses unique opportunities and complications”, today’s article outlines “five practical questions” for individuals considering taking advantage of geo-arbitrage to ask themselves as they evaluate various locales. For more, CLICK HERE.
“Today, we are at peak FIRE, perhaps similar to peak crypto reached in December 2017. Unfortunately, when you’re at the peak, there’s usually nowhere to go but down,” laments the author of today’s article, who warns that the FIRE (financial independence, retire early) movement “is in for a rude awakening” — and poised to be overtaken by a new retirement movement: DIRE (Delay, Inherit, Retire, Expire). CLICK HERE for more.
How do you calculate how much income you will need in retirement (and how much you need to save for retirement given that figure)? What kind of retirement account is right for you? What makes a good 401(k) plan (and how can you make the most of your 401(k) plan)? What about fees, asset allocation, and retirement income streams? And how can you retire early? Today’s article tackles these questions and more as part of a “comprehensive guide” on saving and investing for retirement. For more, CLICK HERE.
How do you keep your retirement from becoming compromised due to a decline in the stock market close to your retirement? This is the question the author of today’s article gave some thought to after his uncle, who is planning on retiring in 2019, lost around 30% of the value of his portfolio in a matter of weeks thanks to the stock market’s recent volatility. For his insights regarding both portfolio allocation and cash flows, CLICK HERE.