There have been a mounting number of class-action lawsuits of late over the retirement savings plans offered by corporations and institutions such as universities. Against this backdrop, today’s article examines some of the main allegations at the heart of many of these lawsuits, thus identifying ways in which plan sponsors can shortchange retirement savers in general. From excessive fees, to…
“This is a big deal and it will help a lot of people,” declares a certified public accountant in today’s article on the Internal Revenue Service’s easing of a rule that previously had retirement savers who exceeded the 60-day window for IRA rollovers face substantial taxes and penalties. Under the new relaxed guidance, retirement savers who do not roll over…
When it comes to traditional long-term care insurance, the author of today’s article acknowledges that “for the typical retired couple in the United States, $3,200 a year is a meaningful expense. Especially when they are paying for something that they might never use.” As such, he provides an overview of how the insurance industry has changed over the last several…
Of the retirement savings of American retirees and soon-to-be retirees the author of today’s article cites that “over half (54%) of “Boomers & Seniors” report savings and investments that fall far short of the typical yardsticks for their age group.” While the usual recommendations for individuals in this position are well-known (e.g. work longer), the author suggests a more “unusual”…
The author of today’s article highlights three ETFs that, together, he believes provide the perfect retirement strategy. How? One invests in short-term, investment-grade bonds, one invests in high-yielding dividend stocks, and one invests in the top growing companies in the S&P 500. Here’s what the author has to say: “With a three-pronged strategy of bond, dividend growth, and capital growth-focused…
“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…
Not excessively risky. Strong and growing dividends. The potential to appreciate over the long run. These are three of the characteristics investors look for when choosing retirement stocks and, as such, are true of the stocks highlighted in today’s article in which the three contributors each identify a retirement stock they believe readers should consider buying this month. To find…
There’s a new special on retirement – The Truth About Retirement – that begins airing on public television stations this month that the author of today’s article recommends tuning into. The program, from financial planner Ric Edelman, focuses on investing, Social Security claiming and estate planning strategies for a secure retirement. However, if you want a sneak peek (or just…
Many myths may be relatively innocuous, but when you are making retirement-planning decisions based on myths the consequences can be dire. As such, today’s article identifies five “pervasive retirement myths Americans must stop believing” and seeks to counter them with a dose of reality. What do the majority of studies say about whether spending increases or decreases in retirement? Is…
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…