Much has been written over the last several weeks about the big change in the world of retirement planning – the fiduciary standard which will require financial advisors making retirement investment recommendations to act in their clients’ best interests. However today’s article points out that, in addition to this new standard, “there have been several other tweaks to [retirement] accounts…
Aiming for an early retirement? You might want to reconsider. Today’s article outlines the findings of an Oregon State University study, which indicate that retiring after age 65 may help lengthen one’s life: “The risk of dying from any cause over the study period was 11% lower among people who delayed retirement for one year – until age 66 –…
“Most baby boomers do not have much in common with professional athletes on the playing field, but when it comes to financial planning, they might consider thinking like one.” Today’s article outlines two key ways in which baby boomers might be wise to think like athletes when it comes to their retirement savings. What can baby boomers learn from athletes…
“Generally, the right retirement plan is all about timing, opportunity and avoiding making major retirement mistakes. However, it’s so easy to make a mistake while planning for retirement that you’re bound to experience one or two.” Today’s article identifies “35 major retirement planning mistakes to avoid – and what to do if you end up making them.” From the (hopefully)…
“Consolidation of any accounts boils down to making it easier to coordinate your portfolio moves and do your asset allocating…The less your assets are spread around, the easier it is to keep track of them and assess what you’ve got.” Today’s article provides an overview of what you may – and may not – want to do when it comes…
“The most studied species of today – after Donald Trump supporters – has to be the millennial…Of particular interest is their financial standing. Standard take: It’s grim.” In today’s article the author – a millennial herself – outlines why millennials need not necessarily subscribe to the commonly-held belief that they will be worse off in retirement than older generations. What…
“As a freelancer, you are the boss. You have the flexibility to choose when you work and what jobs you take. You also have the sole responsibility of taking charge of your financial future. You’ll need to plan ahead for your retirement – even if you love what you do and want to work well into your late 60s or…
“In a world where most people aren’t saving enough, is it possible you’re actually putting away too much for your retirement?” Today’s article puts this question to David Blanchett, head of retirement research for Morningstar Investment Management, who argues “It’s not that you don’t need to be saving, but if you’re forgoing enjoyment in your life now because you feel…
Might the generation that is the furthest away from retirement – millennials – actually be the most retirement savvy? Today’s article argues that “despite the long time horizon, millennials recognize the importance of saving for their retirement” and outlines the specific ways in which this generation is “getting it right”. What can be learned from millennials about tacking expenses, saving,…
“In many ways, retirees seem perfectly positioned to succeed as entrepreneurs,” states today’s article – pointing out that, among other things, retirees have the wisdom that comes from experience, and are more aware of their strengths and weaknesses. However, it also points out that “what retired entrepreneurs don’t have is time…to recover if their entrepreneurial efforts fail.” As such, the…