If your vision for your retirement includes starting a business, one financing option is a ROBS – a Rollover as Business Startup, where funds from eligible retirement accounts are rolled over and invested into a new business (or used to buy an existing business). One major advantage of a ROBS? There’s no need to get loan approval. But one critical…
Talk about a double-edged sword: the very mental habits that are advantageous when it comes to saving for retirement and building a nest egg can be harmful once in retirement and spending down that nest egg. The implication of this reversal, according to the author of today’s article? “It can lead to a much less satisfying retirement – one in…
When it comes to the assumptions your retirement is riding on, the author of today’s article warns that “abject optimism can be dangerous.” But not only do many retirement planners have overly optimistic expectations about rates of return in the coming years, many are also overly optimistic with their plans to work longer in order to help fund their retirements:…
The transition from building up savings leading up to retirement to spending down those savings once in retirement can be challenging, both strategically and psychologically – and thus mapping out an in-retirement financial plan is critical, notes the author of today’s article. To aid in this complicated endeavor, she lays out “the key tasks to tackle” when devising such a…
“The savings decisions you are making today have far more implications than you might be seeing,” warns the author of today’s article, who points out that many people decide to save the maximum allowable in their 401(k)s because “that’s what everyone does.” The problem with following the herd in this regard, according to the author? 401(k)s were not designed to…
Are you willing to give up an hour (actually less than an hour) of your time in the interest of helping to ensure that your retirement savings will be sufficient? If so (and who wouldn’t?), today’s article lays out three easy steps to complete in this regard. Those three steps? Estimate your life expectancy, determine the appropriate equity percentage for…
“It’s nothing less than a war they’re waging on retirement – and it’s going to cost you,” cautions the author of today’s article in regards to the shelving of the Department of Labor’s “Best Interest” rule, which aims to protect retirement savers and their nest eggs from shifty agents and unnecessary fees (to the tune of $17 billion) by requiring…
“Defined contribution plans like 401(k) accounts are great at helping employees save for retirement, but they provide no guarantee of income as pensions do,” notes the author of today’s article. While private sector pension plans have largely disappeared, the author highlights a pension-style retirement product that offers guaranteed lifetime income, but which only recently has entered the mainstream of retirement…
With 401(k) account balances rising, more employees are wondering how they can get their hands on that money. However, whether it’s from borrowing from their 401(k)s or pulling the money out when they leave jobs, the result is one of the biggest threats to Americans’ retirement savings: leakage. Today’s article notes that, according to one analysis, such leakage “threatens to…
“If you want to have an income-rich retirement, you’ve got to have a diversified basket of dividend stocks that will deliver both capital appreciation and income growth,” states the author of today’s article – and this assertion is backed up by a study that looked at the returns of S&P 500 stocks over a 33-year period. The author proceeds to…