Of all the stocks currently listed on the U.S. market, is a simple basket of just five of them all that is needed for a lucrative retirement? Yes… or at least that is the case the author of today’s article makes. But doesn’t holding just five stocks mean that a portfolio would not be sufficiently diversified? To the contrary, the…
High fees are eroding Americans’ retirement savings to such an extent that one study found that, for some, the deleterious effects of fees actually outweigh the benefits of using a retirement account in the first place. And, to make matters worse, half of Americans don’t even know how much they are paying in fees! Today’s article depicts how even the…
There was a time when a million dollars would have seemed like a mythical amount of money. Today, however, despite the fact that many retirement savers have arbitrarily set $1 million as the amount they need to amass for a secure retirement, many financial advisors caution that a nest egg of this size could still leave people short in retirement.…
Will they or won’t they…destroy the stock market? One theory making the rounds in the investment world is that, as a result of a combination of a mass movement from stocks to bonds and taking required minimum distributions, baby boomers will be huge stock sellers in the coming years, with devastating implications for the stock market. But how likely is…
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…
The best piece of advice for those who want to retire early? “Save early and save often”. But beyond the obvious, today’s article highlights advice for those who want to retire early from people who have actually done so. From resisting the herd mentality, to learning to be content with less, to putting your money to work, CLICK HERE for…
To lump or not to lump? When it comes to how they want to receive their pensions or 401(k)s, many Americans are choosing lump sums over guaranteed monthly installments – and proceeding to deplete that money within 5 ½ years on average, according to one survey. Why are so many people choosing lump sums over annuities, and where is that…
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…