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The Great Recession Was Devastating To Retirement Savings – But This Common Occurrence Can Be Almost As Destructive

The Great Recession of 2007-2009 devastated many Americans’ retirement savings – and a new study finds that an experience many Americans face can be almost as devastating: divorce. Specifically, researchers found that “Divorce pushes up an individual’s retirement risk by 7 percentage points, [while] the 2008 financial crisis added 9 points.” What are the numerous reasons the authors of the… 

The “Stunning Amount” The Average Couple Will Spend On Healthcare In Retirement – And Why It Only Gets Worse

“I hate to be the bearer of bad news but in the real world, healthcare costs in retirement years can take a ridiculously large chunk out of your retirement income,” warns the author of today’s article, who cites a new study which found that the “average 65-year-old couple retiring this year will need about $280,000 to cover healthcare in retirement”… 

Why Picking Investments For Retirement Is A Separate Skill – And Some Safe Choices To Consider

Retirement investments are different – or, as the author of today’s article puts it, “Picking safe investments for retirement is a skill separate from making money in stocks, real estate, and other investment vehicles.” Given this, he proceeds to outline a number of options available when it comes to picking safe investments for retirement. For more – including a list… 

A Year-By-Year Plan To Navigate Retirement’s “Fragile Decade”

The five years or so before retirement – and the moves you make during those years – can be critical when it comes to what kind of retirement you end up having. As today’s article notes, this has led some to refer to these years as ‘the fragile decade’, “because your investment returns then are disproportionately important.” Given this, the… 

The “Hard Dollars (And Sense)” Of Retirement Catch-Up Contributions

If, like many Americans, you find yourself behind when it comes to having enough saved for a financially secure retirement, one potential way to increase your retirement savings is by taking advantage of catch-up contributions. The author of today’s article cautions “Don’t fall into the trap of underestimating how much these extra contributions can potentially benefit your upcoming retirement” –… 

Follow The Rich And Fund A “Dividends-Only” Retirement

“If you follow rich people, you’ll notice that they never actually sell any assets – they instead use them to generate more and more cash flow. We can – and should – do the same,” argues the author of today’s article – who proceeds to highlight five dividend paying (and dividend growing) stocks that have meaningful (above 5%) yields today… 

Whatever Your Time Horizon, These May Be Your Best Bet For A Prosperous Retirement

The author of today’s article calls them “the single best way to maximize the chances of a rich retirement” – whether one is still decades away from retirement or is quickly approaching (or already in) retirement. The “them” in question? Dividend growth stocks – and with Congress forever kicking the can down the road on fixing Social Security, they may… 

Why The Next Bear Could Shred Even Substantial Retirement Portfolios

Whenever the next bear market arrives, it may be an especially devastating one for retirees – even those who have managed to build substantial retirement portfolios. Why? The author of today’s article lays out the case, which includes some recent revelations by the U.S. government regarding Social Security and Medicare that he states “will surely have far-reaching consequences.” For more,… 

A “Sleepy” Way That Retirement-Bound Boomers Can Prepare For A Bear

Despite an awful lot of prognostications, nobody knows for sure when the next bear market will be. What is known, however, is that the five major stock bear markets of the past 45 years wiped out 40% of the stock market’s value on average – and, as today’s article notes, “in the two most recent bear markets, you would have… 

Benefit A Lot From A Little More With This “Most Important” Retirement Strategy

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…