When it comes to a rate hike by the Federal Reserve it is not question of “if” but “when” – with the “when” likely being December, if not this week. With a rate hike likely imminent either way, today’s article looks at what (if anything) this will mean for your personal finances – specifically your mortgage, your car loan, your…
“It’s like the conversational third rail.” This is how one investing specialist cited in today’s article describes couples’ avoidance of financial matters when discussing retirement, as seen in the findings of a new NerdWallet survey of Americans in a relationship. While couples do talk about “the fun stuff” – non-financial matters such as where they will live and what they…
“How can I avoid making poor decisions that seem right at the time but will come back to bite me?” This is the question the author of today’s article believes is the real question we should be asking ourselves as we get closer to – and enter into – retirement. As such, he outlines five don’ts for pre-retirees and retirees…
When contemplating where you will live in retirement, have you considered a cruise ship? Should you? Today’s article argues that “depending on their home city and income level, retirees may find living aboard a cruise ship makes financial sense when compared to other retirement living options, especially in expensive locales” and cites a study finding that “when considered over a…
While today’s article takes the position that stocks should still be a major part of the investment strategies of retirees, it acknowledges that “certain stocks work better in retirees’ portfolios than others.” As such, the three contributors each highlight one of their favorite stocks for retirement. To read more about these stocks – which include a real estate investment trust…
Are you in need of some financial therapy? Acknowledging the existence of an entire financial therapy industry (including a professional association of financial therapists and an academic journal dedicated to the subject), the author of today’s article emphasizes the need for every investor to factor the personal and subjective aspects of investing into their plan for success in the markets.…
With all the reports about Americans being largely financially unprepared for retirement, and the negative consequences that could have on their golden years, how about some happy retirement news? Today’s article highlights findings from a new Merrill Lynch/Age Wave report on retirement “showing that retirees are generally having loads of fun in their unstructured life, regardless of their income.” What…
When it comes to retirement planning have you given sufficient cogitation to your cognitive abilities down the road? Today’s article highlights a disturbing finding in this regard: “financial literacy tends to decline by about 1% per year after age sixty, but financial confidence remains the same.” As such, the author cautions that “with retirement, it is important to consider how…
Planning for a secure retirement is daunting. Planning for a secure retirement when you are single comes with its own additional concerns and anxieties. As such, in today’s article the author outlines three considerations for the solo retiree that may be “a good start to feeling better about facing retirement decisions all by yourself”. What sales pitch for financial products…
“The most studied species of today – after Donald Trump supporters – has to be the millennial…Of particular interest is their financial standing. Standard take: It’s grim.” In today’s article the author – a millennial herself – outlines why millennials need not necessarily subscribe to the commonly-held belief that they will be worse off in retirement than older generations. What…