“There are factors threatening your plans for lifetime income security,” cautions the author of today’s article, who further observes that, while some of these factors are nothing new, “others are relatively new, or are becoming more significant.” He proceeds to detail the five trends and factors that he sees as the “paramount threats” to the income security of those in…
“Basically, retirees, whether they and their advisors realize it or not, are staring four problems squarely in the face: historically high stock valuations, low bond yields, increased longevity, and increasingly expensive health care,” states the author of today’s article in regards to the four problems that one financial advisor is calling “the four horsemen of the retirement apocalypse.” He proceeds…
According to the American College of Financial Services, Americans are not particularly knowledgeable about how to preserve their accumulated assets and create sustainable streams of income in retirement. As such, the central question of today’s article is “How do you convert your nest egg into a stream of retirement income that lasts as long as you do?” The author outlines…
With the average life expectancy in the U.S. approaching 80 years, the long-advised strategy of shifting away from riskier (but higher-returning) assets like stocks and towards safer (but lower-returning) assets like bonds as you near retirement is not without its own risk: the risk of running out of money. The trick to navigating this risk/reward quandary, according to today’s article,…
Qualified longevity annuity contracts (QLACs) are still a relatively new option on the retirement planning scene, but they may be an option worth considering when it comes to hedging against longevity risk, with the author of today’s article advising one to “think of [QLACs] as insurance against running out of money if you live to be very, very old, and…
Today’s article has a simple message: You should retire with buckets of money. This seems obvious enough – you want to build as large of a retirement nest egg as possible. The buckets of money referred to in this case, however, are figurative – part of a mental accounting strategy whereby retirement expenses are broken down into “buckets” and then…
2016 was a banner year for 401(k)-related lawsuits, as employees felt the need to take legal action in order to have issues with sub-par retirement plans rectified – and, as the author of today’s article acknowledges, the issues that prompted these lawsuits are unlikely to improve under the current regime in Washington. As such, he outlines three things to look…
The latest Retirement Confidence Survey from the Employee Benefit Research Institute found that 63% of workers express confidence in having enough money for a comfortable retirement. But with the average 401(k) having a balance of less than $100,000, the author of today’s article states that “you have to wonder how accurate their self-assessment is.” He proceeds to outline five things…