What differentiates a good 401(k) plan from a bad 401(k) plan? Today’s article identifies four parameters that can have a significant impact – to the potential tune of hundreds of thousands of dollars – on your retirement nest egg: low cost, wide diversification, no fads and ‘best in class’ funds. In terms of diversification, how many choices does the author…
“They don’t have a clue.” This is what one certified financial planner and investment advisor declares in today’s article about people planning for taxes in retirement. In light of the fact that hefty tax bills in retirement can dramatically increase the odds of retirees – even those who saved prudently – running out of money, the author goes on to…
“Many people use retirement calculators to estimate whether they’re on track, but even the best calculator is subject to the universal rule of computer programs – garbage in, garbage out.” Today’s article outlines several common mistakes people make when assessing their financial preparedness for retirement that might produce a deceptively rosy picture of how on-track they are. By how much…
“Most baby boomers do not have much in common with professional athletes on the playing field, but when it comes to financial planning, they might consider thinking like one.” Today’s article outlines two key ways in which baby boomers might be wise to think like athletes when it comes to their retirement savings. What can baby boomers learn from athletes…
“Consolidation of any accounts boils down to making it easier to coordinate your portfolio moves and do your asset allocating…The less your assets are spread around, the easier it is to keep track of them and assess what you’ve got.” Today’s article provides an overview of what you may – and may not – want to do when it comes…
“When the Obama administration released its new investing regulations aimed at protecting retirement savers from conflicted advice, its name – “fiduciary rule” – doubtless flummoxed some. But behind the clunky term are new standards that could give you clearer information when making decisions about your retirement nest egg.” Today’s article lays out how the new “fiduciary rule” will impact the…
“Wall Street is in love with dividend stocks — maybe too much in love. In fact, dividend-paying stocks have performed so well in 2016 that many are starting to look pricey. That means that retirees, in particular, need to be careful about which dividend payers they’re buying if they’re trying to both protect and grow their nest egg.” Today’s article…
“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…