If your goal is to become a millionaire retiree, the author of today’s article recommends seeking out “stocks that consistently generate strong returns, and allow your gains to compound for decades” – and points to real estate investment trusts as being particularly good picks in this regard, noting that, due to their tax benefits, “REITs work twice as well in…
He became determined at an early age to achieve financial independence by age 37 – and now, at age 26 and with a net worth of approximately $150,000, he is on track to do just that. In today’s article, the so-called Money Wizard shares his savings strategy that he expects will result in $750,000 by the time he is 37,…
It’s a nice problem to have, but a problem nonetheless: What do you do with your windfall if you have received – or are expecting to receive – a large inheritance? Today’s article tackles the complexities of this issue, noting that “even if you have a lot of investing experience, there are plenty of tax and legal pitfalls that can…
Income investors who bought Mattel stock due to its attractive 6% yield were crushed when the company recently announced a dramatic 61% dividend cut. For those who want to avoid becoming the victims of such “dividend disasters” themselves, the author of today’s article outlines a 3-step test to employ when it comes to dividend-paying stocks. To learn more about this…
As Republican lawmakers haggle over the details of their Obamacare replacement plan, one thing that is certain is that, whatever the final product ends up being, health savings accounts (HSAs) will be a major component. And with them offering a “tax trifecta” of pre-tax contributions, tax-free growth and tax-free withdrawals (for qualified medical expenses), the use of HSAs has already…
Lawmakers in Washington seem determined to make it harder – not easier – for Americans to save for retirement, including possibly eliminating the tax-exempt status of 401(k) contributions. But today’s article outlines how Americans can regain control of their retirement using options: “By using two very basic options trading strategies – call buying and put buying – you can take…
“One of the trickier decisions of saving for retirement is determining which accounts to prioritize with your savings,” notes the author of today’s article. As such, he proceeds to outline a general recommended order when it comes to saving for retirement. Number one in that order is, of course, investing enough in your 401(k) to at least get any employer…
Your tax-advantaged retirement accounts are funds for retirement, so you should tap those funds once in retirement…right? The authors of today’s article argue that those accounts shouldn’t be relied on to fund the early part of retirement, but instead advocate a “two-phase retirement” where the first phase is funded by taxable funds and the second phase is funded by 401(k)/tax-advantaged…
Whether you are in your 20s, 30s, 40s, 50s, or 60s and beyond, today’s article has some tailor-made investing guidance for you – including some specific funds for those in each decade of life to consider. In addition, the article examines whether – contrary to conventional wisdom – a 50-50 stock/bond split may be appropriate for retirees, as has been…
If you think you’ve put off saving for retirement way too late, all hope may not be lost. Today’s article highlights research from the American Association of Individual Investors (AAII) showing that, “even starting at age 50, it is possible to save more than $1 million for retirement”. How? AAII identifies five different scenarios where, by saving from age 50…