Forget Rules Of Thumb – And Calculate Your Individualized Income Replacement Rate

2018-09-16 13_47_04-40+ Beautiful Reminder Photos · Pexels · Free Stock PhotosWhile there are some general rules of thumb for retirement income-replacement rates (e.g. 75% to 80% of working income), pinning down your individualized retirement cash flow needs can be difficult. As the author of today’s article notes, “higher-income, higher-saving households may well need just 60% (or even less) of their pre-retirement income during retirement, while lower-earning, lower-saving households may need closer to 90%.” So how can you come up with as realistic a figure as possible for yourself? The author outlines seven steps to take. CLICK HERE.

Rising Rate Retirement Rules

2018-06-19 06_31_57-1000+ Engaging High Photos · Pexels · Free Stock PhotosThe Federal Reserve just raised interest rates once again and another two rate hikes are now likely before the end of the year. Against this backdrop, the author of today’s article acknowledges that “many market participants, especially retirees with fixed-income-heavy investment mixes, are reasonably concerned about what a period of rising interest rates could mean for their portfolios and for the rest of their financial lives” – and outlines a number of rising rate do’s and don’ts for retirees to consider. For more, CLICK HERE.

Financial Blasphemy: Why This Adviser Questions The Wisdom Of Maxing Out 401(k) Contributions

2017-06-04 06_46_20-Free stock photo of bridge, feet, railingsThe number one rule of saving for retirement is to max out your 401(k) contributions …right? The adviser cited in today’s article has a different take on this widely-accepted piece of financial wisdom, arguing that, for many, there might be better options. For whom does he believe maxing out 401(k)s contributions is not the best option, what does he recommend doing with that money instead – and what is the one situation where he endorses 401(k) plans as “too good a deal to resist”? CLICK HERE to find out.