“Your financial life, like climbing a mountain, does not end when you reach the summit, your retirement. Getting down safely, or making your retirement income last, requires a set of different strategies. How can you withdraw your money without depleting it?” Today’s article outlines four tips relating to withdrawing retirement assets (e.g. set a cash bucket aside) with the aim…
“One of the most dangerous positions to be in financially is when you’re rolling over a 401(k) plan into an individual retirement account (IRA). Any number of financial services providers would love to get their hands on your money, but may trap you into lousy deals.” Today’s article stresses that some 401(k) education is essential if one wishes to avoid…
When should you claim your Social Security? How much do you need to save for retirement? When should you retire? Today’s article argues that there is no simple and quick answer to these types of questions. Rather, “when planning for retirement we must avoid the pitfall of making isolated decisions without considering the impact on one’s entire comprehensive retirement plan.”…
Uncle Sam wants (to help) YOU! Today’s article highlights several ways in which the federal government, “mindful that a lot of people are falling behind in financial matters, or never really got started, … has been making efforts just to get more Americans to Square One” in terms of retirement readiness. From new tools (e.g. myRA accounts) to established programs…
Retirement for two! “What could be more romantic than planning for your future together?” asks today’s article, which goes on to outline five considerations that should be part of the retirement conversation for couples. While the topics – and the related discussions they require couples to have -may not, in fact, be the stuff of romance (e.g. planning for potential…
Something in the financial world is surging. Unfortunately that something is electronic tax scams. Today’s article highlights a recent IRS consumer alert stating that “email and texting scams designed to trick U.S. taxpayers into providing personal data have surged 400% so far this year….” In fact, “the 1,389 incidents reported to date represent more than half the…total for all of…
The maker of pretty much everything in your house is looking to make some major cuts. Today’s article reports on statements from P&G executives at a recent investors conference, indicating that the company “will cut another $10 billion in costs during the next five years” as part of a commitment “to delivering both sales and profit-margin growth.” What changes does…
“Some investors see trying times like this as their glass starting to empty, while others see the current turmoil as an opportunity to refill their glass so that it overflows when the good times are here again.” Today’s article highlights three stocks that may be worth considering if one is in the latter camp. More specifically, the three stocks outlined…
Is your risk radar honed in to global risks? Today’s article outlines “4 global risks that should be on U.S. investors’ radar”. Among the risks identified is a spike in oil prices, which the author states would hit the economies of Europe and Asia hard, “and the problems they face now would be much worse….” Which two countries (one European…
Everyone knows 65 is an important age when it comes to retirement, but do you know the importance associated with age 59 ½? Today’s article outlines “the six most important ages you’ll reach on the road to your retirement, and what you need to know about each one”. To make sure you don’t miss any important pit stops along the…