The lifecycle of professionals includes copious amounts of time working hard, saving money, planning for retirement, checking investments, and eventually – once amassing enough money – riding off into the sunset with the guarantee of a successful retirement transition. Sadly, this is often not the case. Society tells us that a fulfilling retirement is hinged… Continue reading Four Ways to Diversify Your Emotional and Psychological Portfolio for A Successful Retirement
Tag: retirement savings
Pre-Retirees and Retirees Can Beat Inflation and Reduce Risk by Splitting Savings
Financial planners agree that pre-retirees and retirees need investment growth to beat inflation. But while equities have outperformed fixed options in the long run, markets can plummet and take many years to recover. Retirees who have too much money tied up in the stock market take a big risk. If you need income and have… Continue reading Pre-Retirees and Retirees Can Beat Inflation and Reduce Risk by Splitting Savings
Are You Leaving Your Beneficiaries a Tax Time Bomb?
When it comes to retirement – and to passing on whatever wealth you’ve accumulated to a spouse or the next generation – you may think you’ve thought of everything. But despite your careful planning, it could be that Uncle Sam will be handing you a hefty tax bill while you’re living – or your beneficiaries… Continue reading Are You Leaving Your Beneficiaries a Tax Time Bomb?
How to Avoid Running Out of Money in Retirement
A New York Life survey found that 58% of Americans overestimate how much they can safely withdraw from retirement savings. More than three in ten believe they can spend ten percent or more of their savings each year, yet at that rate they would exhaust their savings in 11 years or less. Here’s why retirees should count on… Continue reading How to Avoid Running Out of Money in Retirement
The 6 Most Costly Retirement Plan Mistakes
The percentage of Americans who won’t have enough money in retirement has barely budged in several years despite rising stock and real estate markets. “That means far too many folks are going to be forced to choose between putting food on the table and paying for the medical care they need,” Pamela says. How is… Continue reading The 6 Most Costly Retirement Plan Mistakes
Eight Out of 10 People Don’t Know How Much They’ll Need for Retirement
Nearly 80 per cent of workers underestimate how much they will need to save for their retirement, according to new research. Carried out by deVere Group, one of the world’s largest independent financial advisory organizations, the study found that 78 per cent of all new, working age clients did not realize how much money they… Continue reading Eight Out of 10 People Don’t Know How Much They’ll Need for Retirement
Proposed Regulatory Changes Could Boost Retirement Savings
Investors who count on their retirement accounts to see them through their golden years sometimes find that those savings add up to less than anticipated. One reason: Broker fees they either didn’t realize they were paying, or which were higher than need be. But that could be changing. The Obama administration has proposed tougher regulations… Continue reading Proposed Regulatory Changes Could Boost Retirement Savings