Wednesday , 23 May 2018


Retirement Planning

How to Retire With Less Than $1 Million in Savings

The sad truth is that many Americans are vastly underprepared when it comes to retirement savings with a 2016 GoBankingRates survey revealing that 33% of Americans have nothing saved for retirement at all and, in total, 56% have less than $10,000 saved. [That begs the question] "How much money does it actually take to retire comfortably?" It seems like one million dollars is the magic number many people think of but is it really necessary? Could some people could get by in retirement on less? Let's explore all the different ways you could live a happy retirement even if you don’t amass a million-dollar nest egg.

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You’re Probably Investing The Wrong Way For Retirement – Here Is A Better Way

In my view, most people who are selecting stocks for their retirement are doing it wrong. Most investors are picking “good companies,” stocks that have gone up a lot in the past, stocks of companies that are soon to release higher earnings, or stocks that have been selected because the technicals look good. All of these make for lousy long term investments. Here's a better path to retirement bliss, one that’s much more likely to work out if you are prepared to put just a little bit of time and effort into your portfolio.

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Constant-dollar Spending Strategies For Retirement: I’m Not a Fan – Here’s Why

The Sustainable Withdrawal Rate (SWR) strategy is based on the work of William Bengen whose research revealed that the order of market losses is more important than the average return sequence of returns risk. With all due respect to Bengen, though, I consider this strategy irrational and believe that it probably makes sense only for households with so much savings that they don’t need it. This article substantiates my conclusion.

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5 Mistakes Investors Make By Going Solo On Their Retirement

Many Americans have taken it upon themselves to do the vast majority of retirement planning without the help of a financial advisor. While that is perfectly fine and legal, it is not entirely wise considering the long-term margin for error. Plenty of things can go wrong, and they do, often leaving investors lost and confused about what they can do to better their circumstances. There are 5 major errors committed by solo investors that can greatly impact their ability to maintain wealth throughout their retirement. Here they are!

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5 Kinds of Insurance Every Retiree Should Consider

Your insurance needs don't remain constant throughout your life. You need different insurance coverage when you're single and in your 20s than you do when you're raising a family in your 40s. When you retire, your insurance needs will evolve once again...Here is a primer on the kinds of insurance that every retiree should consider.

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Make Your Years After Retirement Even More Rewarding Than Your Previous Work Years Were – Here’s How

Most boomers are painfully aware of how badly prepared they are for retirement. Almost half of them have saved virtually nothing for their golden years. The only solution for many is to work full-time to age 70 (and beyond for some) or to transition into part-time employment after their full retirement age. We may not have done a good job of planning for retirement, but we can make the next 15 or 20 years even more rewarding than our previous work lives were. Here's how.

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