The author of today’s article describes it as “the one surefire way to retire rich”: harnessing the power of compounding. Or, to be more specific, harnessing the power of compounding using dividend stocks – and amassing a multi-million dollar nest egg in the process. What does the author outline as some of the best strategies in this regard? For more…
“Although dividend stocks are a mainstay of a retirement portfolio, they are not the only stocks you should have,” advises the author of today’s article, who proceeds to highlight three stocks offering income and growth to consider for retirement. For these three stocks, as well as the author’s advice regarding the right amount of portfolio diversification in retirement and his…
Think you need $1 million to retire? The author of today’s article calls that belief the “million-dollar myth” – and shows how, using a “4-pack” of closed-end funds with an average dividend of 8.5%, you can retire on less than half that amount. For the four funds in question – and what the author sees as a big reason for…
Despite being very conservative and diversified, the author of today’s article’s retirement portfolio did slightly worse than the Dow last year, with every single one of his holdings (other than cash) posting a loss – his worst return since 2008. Having lost 10% of his net worth, and believing that 2019 could be even worse for the markets than 2018,…
What makes the stock examined in today’s article “a dream investment for retirees” in the eyes of the author – and one of their favorite high-yield picks right now? Among other things (including an attractive valuation and first-rate management team), the author notes the fact it’s “the most dominant blue-chip in its industry and has a recession-proof business model makes…
You may have already established some resolutions for 2019 (and perhaps broken some – or all – of them already), but it’s not too late to make some critical resolutions involving your retirement planning – especially considering that, as a recent survey found, fewer than half of retirees believe that their nest egg is large enough. Given this finding, today’s…
Whether you’re accumulating for retirement or spending down your accumulations in retirement, a plethora of financial tasks await you this year. Noting that “The myriad tasks associated with maintaining an organized financial life seem daunting in list form, but more manageable when spread throughout the year”, the author of today’s article outlines a month-by-month approach to tackling these tasks that…
“Today, we are at peak FIRE, perhaps similar to peak crypto reached in December 2017. Unfortunately, when you’re at the peak, there’s usually nowhere to go but down,” laments the author of today’s article, who warns that the FIRE (financial independence, retire early) movement “is in for a rude awakening” — and poised to be overtaken by a new retirement…
How do you keep your retirement from becoming compromised due to a decline in the stock market close to your retirement? This is the question the author of today’s article gave some thought to after his uncle, who is planning on retiring in 2019, lost around 30% of the value of his portfolio in a matter of weeks thanks to…
As the House of Representatives prepares to change hands in the new year, both the outgoing Republican chairman of the Ways and Means Committee and the presumed incoming Democratic chairman of the committee are proposing changes to retirement regulations – including changes pertaining to the risk of retirees outliving their savings. For more on these potential changes, how they could…