Approximately 10,000 baby boomers are retiring every day – and many may find that saving for retirement was actually the easy part, while the real challenge will be making sure that their nest eggs last as long as they do. Today’s article highlights one financial tool that may be of assistance to retirees who want to avoid running out of money – retirement income funds (also known as managed payout funds). What are retirement income funds – and what are their advantages and drawbacks compared to annuities? CLICK HERE to find out.
The FIRE (Financial Independence, Retire Early) movement is growing as more and more workers seek to save enough so that they can leave full-time work in their 30s, 40s or 50s – and those that have achieved early retirement have developed some tools to help those who aspire to do so. Are you on track to retire early based on your net worth? Where can you cut spending even further? And is early retirement even right for you? These tools can help answer those questions. CLICK HERE to read more.