There’s no question that the wealthy have a major advantage when it comes to retirement – but that doesn’t mean that the less affluent can’t learn a thing or two (or three) from the rich about how to achieve a financially secure – and overall fulfilling – retirement. Today’s article looks at some retirement planning lessons that can be gleaned from the findings of a new UBS Wealth Management Americas survey of wealthy investors – lessons that can benefit pre-retirees of all income levels. To read more, CLICK HERE.
“Over the past 10 years a quiet revolution has been transforming the 401(k) landscape,” states the author of today’s article, who notes that employers are increasingly automating decisions relating to these accounts and offering additional services for 401(k) savers. She proceeds to outline five such innovations and how you can take maximum advantage of each – including when you (and your retirement) may be better off – by tens of thousands of dollars – by overriding automatic settings. To read more, CLICK HERE.
“Getting rich begins with the way you think and what you believe about making money.” This assertion comes from Steve Siebold, a self-made millionaire and author of “How Rich People Think”, which he penned after studying millionaires for over 25 years and conducting hundreds of interviews. Today’s article highlights six “psychological tricks rich people use to make more money”, as identified by Siebold. One such mental trick? Rich people “tell themselves there’s no shortage of money, even when they don’t have enough” – what matters to them is whether something is worth buying/investing in, not whether it’s something they can personally afford. To read more about this mental trick – and to see what the other five are – CLICK HERE.
Think that the retirement lifestyles of the rich are completely out of reach? You may be wrong! According to today’s article, many high-net-worth people are living more modest retirements than we may envision: “High-wealth retirees may not necessarily be using their money to buy luxury yachts and gold-plated dishware, but their money does buy them something else: freedom.” What can retirees of lesser means learn from wealthy retirees? What retirement dream do advisors say people are often surprised to find is more affordable than they expected? What retirement budget killer ends up costing significantly more than expected? CLICK HERE to read more.