Early retirement only works if you continue to make money in retirement…right? The author of today’s article challenges this belief, arguing that “it IS absolutely possible and in fact very easy, to make a chunk of money last through your lifetime. There is no magic or unusual risk or hope involved, it’s just plain math.” So, once you’ve accumulated a fixed chunk of money, how do you go about converting it into a safe stream of lifetime income? What don’t you need to worry about with this strategy? And what does the author point to as being “the absolute key to success in early retirement”? CLICK HERE.
Think financial planning and retirement planning are one and the same? Think again. “Understanding the difference between financial planning and retirement planning can be critical to developing a retirement income strategy,” explains the author of today’s article, with one financial adviser cited describing the difference between the two as “the difference between people at work versus money at work.” So how does retirement planning differ from financial planning, why is making this distinction important to your retirement – and how can you benefit from retirement planning software? CLICK HERE.
“Every aspect of life is affected by the decision to retire, including relationships, health and wellness, and of course finances,” notes the author of today’s article, who proceeds to provide an overview of what couples nearing retirement need to do in regards to each of those aspects of life, including budgeting, Social Security, drawing down of assets, health care (and long-term care), relationship maintenance, and lifestyle expectations. For more, CLICK HERE.
More people than ever are working side gigs – and a major reason they report doing so is in order to grow their nest eggs. Today’s article acknowledges that side gigs “can offer…more opportunities to save for retirement and even help…make up for lost time” – that is, if approached correctly. What does one retirement savings expert say should be the first priority of those using side gigs to help save for retirement – and what are some other important considerations? 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.
The author of today’s article describes it as “the one surefire way to retire rich”: harnessing the power of compounding. Or, to be more specific, harnessing the power of compounding using dividend stocks – and amassing a multi-million dollar nest egg in the process. What does the author outline as some of the best strategies in this regard? For more on harnessing the power of compounding using dividend stocks to grow your wealth – and nest egg – over time, CLICK HERE.
“Although dividend stocks are a mainstay of a retirement portfolio, they are not the only stocks you should have,” advises the author of today’s article, who proceeds to highlight three stocks offering income and growth to consider for retirement. For these three stocks, as well as the author’s advice regarding the right amount of portfolio diversification in retirement and his answer to the question “Is any risk allowed in a well-designed retirement portfolio?”, CLICK HERE.
Despite being very conservative and diversified, the author of today’s article’s retirement portfolio did slightly worse than the Dow last year, with every single one of his holdings (other than cash) posting a loss – his worst return since 2008. Having lost 10% of his net worth, and believing that 2019 could be even worse for the markets than 2018, how is this early retiree coping? For his current holdings, his second thoughts on 2018, and how he’s responding to warning signals for 2019, CLICK HERE.
Far more retirees are afraid of running out of money before they die than are afraid of dying, at least one survey finds – and the author of today’s article notes that “This ever-present background fear is especially rearing its ugly head right now, given the bear market that to many came out of nowhere.” But is this fear overblown? The author outlines one reason why fearful retirees should not give up hope – and cautions against a move that “is far more likely to make the current bear market devastating…” For more, CLICK HERE.
You may have already established some resolutions for 2019 (and perhaps broken some – or all – of them already), but it’s not too late to make some critical resolutions involving your retirement planning – especially considering that, as a recent survey found, fewer than half of retirees believe that their nest egg is large enough. Given this finding, today’s article suggests three financial resolutions to make (and actually follow through on) for the sake of your retirement. For more, CLICK HERE.