If faced with stock market volatility or a downturn in retirement, would you reduce your investments in stocks? In one survey, a third of pre-retiree respondents indicated that they would do just that – but this may not be the best (or even a good) strategy. What does the author of today’s article point to as being “The key to…
Americans could require savings of anywhere from $666,000 to $2 million to retire, according to a recently released analysis. The key factor underlying this wide range? The state in which one chooses to retire, with the $666,000 figure representing the amount potentially needed to retire in Mississippi (the cheapest state to retire in) based on the estimated average annual expenditure…
“It’s easier than you think to identify Warren Buffett’s top retirement stock. Don’t overthink it. It’s his own company: Berkshire Hathaway,” declares the author of today’s article, who identifies the “secret” that allows Berkshire to deliver such impressive returns – and which makes it “the single best retirement stock out there today.” For this – and more reasons why Berkshire…
“It may be nice to look back at the gains of the last year, several years or decade, but it’s the look out into 2020 and beyond that will matter the most for any investor who is not yet in retirement,” notes the author of today’s article after reviewing the strong stock market gains of 2019. So can those gains…
The SECURE Act, which went into effect on January 1st, will change the way workers save for retirement, the way retirees spend down their retirement savings, and the way beneficiaries will receive money from inherited retirement accounts. But the various provisions of the SECURE Act aren’t the only ways that saving for retirement will change this year. As today’s article…
The author of today’s article believes a pullback is very likely this year – and when that anticipated pullback arrives (and other investors are fearful) there are five “top priority” stocks they will be greedily buying for their retirement portfolio, noting that “Each is a quality company growing at a rapid pace that should deliver strong double-digit returns over time.”…
“Don’t let retirement stop you from earning money,” advises the author of today’s article, who proceeds to outline some of the best investments for retirees who want to see their retirement savings grow – and ideally generate some dividend income. For what she sees as the best investments in this regard – including what makes REITs right for retirees –…
While some argue it’s not enough – and others argue it’s needlessly high – the figure of $1 million is frequently cited as the amount to strive for when it comes to retirement savings. And with the average 401(k) and IRA accounts having balances of around $100,000, today’s article lays out scenarios to get from this starting point to $1…
The long-awaited Setting Every Community Up for Retirement Enhancement (SECURE) Act has been passed by Congress and signed by President Trump – and several of its many provisions affecting 401(k)s, IRAs, annuities and more take effect as soon as 2020 begins. So what are the new rules of retirement saving? Today’s article outlines some of the most important provisions of…
You’ve probably heard of dollar-cost averaging (investing a fixed amount of money at regular intervals over a long period of time to minimize the impact of volatility), but what about “dollar-cost ravaging”? The strategist interviewed in today’s article sees dollar-cost ravaging as a problem that can cause a lot of damage to the portfolios of retirees – especially in the…