When it comes to how to approach investing in retirement (where retirees face several different kinds of risk, including the risk of running out of money due to insufficient portfolio growth and “sequence of returns” risk), the author of today’s article notes that “you need to balance the risk of too little growth with the risk of too much equity exposure at the wrong time.” So how much stock is the right amount of stock to own in retirement? While there’s no magic number, the author offers some suggestions and strategies to consider. For more, CLICK HERE.
“Because the average retirement length in the country is 18 years, we can project that the typical retiree will need an $828,000 nest egg to pay the bills upon leaving the workforce,” notes the author of today’s article. But if you find that number daunting, he proceeds to outline the major expenses one can expect to encounter in retirement and some tips for keeping them under control. For more – including how much the average retiree spends on each of those major expenses – CLICK HERE.
If you’re one of the (too) many Americans that have too little – or nothing at all – in the way of retirement savings, a simple strategy that could boost your savings by $800,000 (and possibly even more) sounds like something worth having a look at – and that’s exactly what the author of today’s article outlines. And while getting the maximum benefit from this strategy requires having many years until retirement, it can still make a significant difference for those close to retirement. For more on this “win with small steps” strategy, 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.
When it comes to the top three reasons that retirement withdrawal strategies fail, the author of today’s article sees them as (1) sequence of return risk, (2) sequence of return risk and (3) sequence of return risk. How might sequence of return risk be a greater problem for retirement withdrawal strategies than even low average returns, how can you “get screwed twice” by sequence of return risk if you’re especially unlucky, and what are some ways to alleviate sequence of return risk? CLICK HERE.
How much of investment advisers’ annual returns is due to luck versus genuine ability? One attempt at measuring this, outlined in today’s article, concluded that 92% of advisers’ annual returns is due to luck! “This isn’t to say that ability plays no role in beating the market. But a healthy respect for the far larger role that luck plays is a key prerequisite for devising an appropriate retirement investment strategy,” advises the author – and he proceeds to outline some lessons that retirees can take from this finding. For more, CLICK HERE.
In today’s article, the author shares some of the investment-related issues that he sees being most commonly misunderstood by those in – or approaching – retirement. Which “all-time classic” retirement funding strategy does he state “unfortunately…has never really worked, at least over any substantial period of time”? Why does he argue that dividends are not income, even if they feel like income? For more on these common misconceptions – and others – CLICK HERE.
Today’s article describes it as “The single most important retirement strategy” – and how much of an impact it can have on your standard of living in retirement may well surprise you. That strategy, according to a new study? Working a little bit longer – maybe even just an extra few months. For more on the surprisingly large impact working a little longer can have, why this is the case – and what it says about the importance of focusing on what matters most when it comes to retirement planning – CLICK HERE.
Americans on the whole are not contributing enough to their 401(k)s to fund retirements that will not require a reduction in their standard of living. As such, the author of today’s article looks at “how you can meaningfully begin saving more today for your retirement”. For his insights – including what he identifies as “the simplest and most effective way to significantly increase the amount you save” and some strategies for gig workers – CLICK HERE.