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.
Whether you’re accumulating for retirement or spending down your accumulations in retirement, a plethora of financial tasks await you this year. Noting that “The myriad tasks associated with maintaining an organized financial life seem daunting in list form, but more manageable when spread throughout the year”, the author of today’s article outlines a month-by-month approach to tackling these tasks that can be customized to suit your needs – as well as some important financial dates to remember. 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.
If you want to arrive safely at your destination, you need to check your blind spots along the way – and this remains true even when the “destination” in question is financial independence. In today’s article, the author outlines several common “financial blind spots” he has observed which can, if not checked, have significant repercussions for your journey to financial independence. For more – including a potential “double blind spot” that can impact retirement – CLICK HERE.
The average household run by a retirement-age person (someone 65 or older) spends only $1,000 less each month than the average U.S. household. Surprised spending does not decrease more in retirement? In order to help you better plan your retirement finances today’s article breaks down the monthly spending of the average household run by a retirement-age person into seven categories. For more, CLICK HERE.
As the House of Representatives prepares to change hands in the new year, both the outgoing Republican chairman of the Ways and Means Committee and the presumed incoming Democratic chairman of the committee are proposing changes to retirement regulations – including changes pertaining to the risk of retirees outliving their savings. For more on these potential changes, how they could benefit retirement savers, and some of the potential issues with them, CLICK HERE.
The findings of a recent study suggest that “retirees tend to reduce spending once they realize they are unprepared for how quickly expenses add up.” However, the study also found that certain subsets of retirees – such as retirees with pensions – spend considerably more than average, which the author of today’s article points to as reflecting “the power of predictable income”. Where does that leave retirees without pensions? The author highlights one strategy they can use to harness this power. CLICK HERE.
The problem with investing and saving for retirement, according to the author of today’s article? “People are “psychologically ill-equipped” to invest in risk assets, even if they need to do so. They also don’t save very much for retirement, possibly because they don’t think they need to yet or because they can’t afford it.” This is where behavioral finance can make a difference. What is behavioral finance, how are behavioral finance concepts important to retirement planning, and what can behavioral finance teach us about how to better plan for retirement? CLICK HERE.
When it comes to utility stocks, the author of today’s article notes that “Retirees have been favoring these stocks for years…and they have been handsomely rewarded.” But is it time for retirees to adjust their stance on utility stocks and look elsewhere for income? That’s the recommendation of the man behind a top-ranking newsletter. Why? And, if not utilities, which stocks does he recommend instead for “yield-hungry retirees”? CLICK HERE.
Are you better off retiring in a bull market or a bear market? For those who have the option of retiring now while the good times are still here or waiting until things go south, this is an especially salient question. In today’s article, the author runs the numbers on retiring during a raging bull market versus retiring in a bear market, and shows why the latter may be better. For more – including some insights on retiring during times of uncertainty when there is neither a bull market nor a bear market – CLICK HERE.