Here’s a disturbing reality highlighted in today’s article: “As our ability to make sound financial decisions decreases with age, our self-confidence in this area actually increases.” So what steps can both adult children and their parents take to protect the latter from making bad financial decisions (including becoming the victims of fraud) as a result of them being unaware of…
Americans are living longer. In fact, many may end up spending more years in retirement than they did working – and the author of today’s article warns that this new reality demands a new approach to retirement planning if Americans don’t want to “run out of money before they run out of life.” Specifically, the author advocates for a shift…
The specifics of the Republican healthcare plan that will replace Obamacare remain unknown (including – apparently – to Republicans themselves). However, President Trump has stated that a key component of the plan will be expanding the use of Republican-favored Health Savings Accounts. As such, the author of today’s article advises that now is the time to become familiar with the…
Are your retirement savings slipping away without you even noticing? That’s what was happening to the aunt of the author of today’s article – until he drew her what he believes is “the most important 401(k) chart” to show her what was happening. What does this chart show and what simple steps does the author state you need to take…
Leading up to retirement the goal is producing enough income to build a sizable nest egg. Upon retirement the goal shifts to spending what has been built up in such a way that you don’t outlive your nest egg. And while the general rule of thumb has been the 4% rule – that retirees could safely withdraw 4% of their…
When it comes to accumulating that $1 million figure often cited as the recommended amount for a retirement nest egg, the author of today’s article states there are two choices: “Either we can wait nearly half a century…or we can become millionaires faster if we can get a better return.” He proceeds to outline a basket of five funds which…
“Over the past 10 years a quiet revolution has been transforming the 401(k) landscape,” states the author of today’s article, who notes that employers are increasingly automating decisions relating to these accounts and offering additional services for 401(k) savers. She proceeds to outline five such innovations and how you can take maximum advantage of each – including when you (and…
From real estate to hedge funds to precious metals and more, at least half a million retirement accounts hold unconventional assets – and today’s article focuses on a new report from the Government Accountability Office which warns that “retirement savers choosing these unconventional assets in self-directed individual retirement accounts and solo 401(k)s face big risks….” How might investing in unconventional…
The ten stocks identified in today’s article may be nice stocks to trade for short-term profit, but you may not want to bet your retirement portfolio on them. Specifically, the author identifies ten stocks that he argues “are more likely to hurt your retirement than help it” as they lack what he sees as the critical feature for retirement stocks:…
A majority of Americans believe that their children will be worse off financially than they are and, as today’s article notes, this concern appears to have merit in at least one critical respect: Social Security. Specifically, the article looks at the findings of the most recent trustee’s report for Social Security that “almost nobody noticed.” What’s in the report, why…