“The benefits of owning a Roth IRA are nothing short of amazing,” declares the author of today’s article, pointing in particular to the fact that money in a Roth IRA grows tax-free and is withdrawn tax-free. Of course, taxes are paid on money converted from a regular IRA to a Roth IRA, but, as the author proceeds to outline, with proper planning retirees and soon-to-be retirees can hit the “Roth sweet spot” and get the most bang for their buck from a Roth conversion. For more on this strategy, CLICK HERE.
Of the $25 trillion held in U.S. retirement accounts, less than 2% of that amount is invested in alternative assets – and new research suggests that this low allocation to alternatives may be a mistake on the part of those approaching or in retirement as alternatives can reduce risk and enhance returns, thus helping to ensure that retirees don’t run out of money. For more on the strategic use of alternative assets in retirement portfolios – including how much of their portfolio individuals approaching retirement may want to have allocated to alternatives – CLICK HERE.
If you’re looking to retire abroad, you likely want some place with a suitable climate and a low cost of living – including low health care costs. But another important consideration is health care efficiency. As such, in seeking to identify the best places for Americans to retire abroad, the author of today’s article factored in how contender countries rank in terms of health care efficiency – with all the countries that made the final list ranking higher than the U.S. For more, CLICK HERE.
A financially secure retirement requires making a number of critical decisions – and if you want to ensure that you make the right decisions at the right time, the author of today’s article advises that you think of retirement as consisting of four phases, with Phase No.1 beginning at age 55. From opening a Roth IRA to buying long-term care insurance to Social Security and Medicare planning to purchasing an annuity, which decisions are best made in which retirement phase? For the author’s roadmap, CLICK HERE.
Today’s article contains some good news and some bad news for retirees whose portfolios suffer substantial losses (such as the 17% loss incurred by one of the model portfolios from a top-performing newsletter over the first six months of this year). The good news? Even the worst performers are likely to eventually recover their losses. The bad news, however, has to do with how long eventually might be – and what that means for retirees’ standard of living. For more, CLICK HERE.
Among the three stocks highlighted in today’s article as being strong candidates for a spot in your retirement portfolio is a stock that seems to possess everything a retiree could possibly want in a stock: a generous dividend, stability, a discounted share price and a respectable rate of earnings growth. For the stock in question – and the two other dividend-paying stocks singled out by the authors as potentially deserving spots in your retirement portfolio – CLICK HERE.
If someone saves nothing for retirement, enjoys their hard-earned money during their working years, and then unexpectedly inherits a windfall at age 60, was not saving a good decision? Conversely, if someone saves diligently for retirement, lives frugally during their working years, and then dies suddenly from a heart attack at age 60, was saving a bad decision? This type of thinking, the author of today’s article explains, reflects the concept of “resulting” – and he warns that “In personal finance and investing, resulting is dangerous.” For more on resulting and the danger it poses, 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.
If you’re one of the many Americans – particularly those in high-tax states – considering moving to a no-tax state like Florida, Nevada or Texas for your retirement, the author of today’s article cautions that successfully carrying out this tax-saving strategy is “not as simple as just buying a property and claiming that you are a resident.” He proceeds to identify five “primary domiciling factors” to be aware of – and outlines a real-world example of a zero-tax retirement relocation done right. For more, CLICK HERE.
If you accumulate a significant amount of company stock over the course of your career, how can you maximize the value of those concentrated stock holdings when you retire? Noting that “Selling a concentrated stock position can take many years because of tax considerations or restrictions on selling”, the author of today’s article highlights one strategy to consider to generate extra income: using covered calls. For some pointers on this strategy, CLICK HERE.