There are still a few weeks left of summer, but now may be time to start thinking about the end of the year – especially if you are in or nearing retirement. Today’s article outlines a number of ways that retirees and those planning their retirements can benefit by getting an early start on their year-end financial planning. For more…
In a recent study, 44% of retirees reported that healthcare costs in retirement were higher than they had anticipated – and the financial security expert cited in today’s article cautions that “Higher-than-expected medical and nursing home costs are only two of several ways people underestimate their retirement costs.” What are the three critical ways she sees people underestimate their costs…
The foundation of any retirement plan is the age at which we plan to retire. Unfortunately, as today’s article highlights, “that foundation isn’t nearly as solid as we think. We often systematically misjudge when we’ll actually retire, and that can wreak havoc on our finances.” What does a new study – which found that roughly half of Americans retire earlier…
With paltry bond yields on one hand and the risks associated with high-yielding funds and stocks on the other, generating enough income in a low interest rate environment can be challenging for retirees. However, today’s article highlights two “innovative” ETFs that the author sees as offering slightly higher yields while mitigating risks. The first of these two funds seeks out…
What does it take to have accumulated $1 million by retirement age (65)? The author of today’s article outlines how this seemingly Herculean task is “actually much easier–especially if you start saving early–to let your investments do as much heavy lifting as possible.” How can you have $1 million saved by age 65 – and is $1 million even an…
Noting that the two most important factors for those on the verge of retirement are income and stability, the author of today’s article states that “a soon-to-be-retiring person can maintain a perfect stock portfolio with the help of strong organizations that pay substantial dividends” – and he proceeds to highlight nine companies that fit this profile. For these nine dividend…
A recent study found that three in five Americans are very likely to work longer than desired – an additional two years on average – to meet their retirement goals. Having to work longer than expected is just one of the many surprises that those approaching (and those in) retirement encounter. In today’s article, a number of financial planners reveal what…
“Annuities often get a bad rap,” states the author of today’s article, who acknowledges some of the drawbacks associated with these products. However, he notes that all investments have drawbacks – and that annuities can be “the hedge against the emotion of fear that you will run out of funds before you die.” He proceeds to outline the numerous ways…
With the stock market of the world’s second-largest economy – China – having dropped by more than 20%, what does this mean for retirees in the U.S., who often hold significant positions in non-U.S. stocks? The author of today’s article notes that such a divergence between the U.S. stock market and a leading foreign market is increasingly rare – and…
If you’re a high-income earner, you might think that one popular retirement-saving vehicle – the Roth IRA – is not available to you due to IRS-imposed restrictions on who can contribute to these accounts. One strategy for high-income earners to get around these restrictions is the “backdoor Roth” – and while there has been concern about this strategy, the new…