RETIREMENT
There are many common traps that retirees or soon-to-be-retirees fall into. We’ve laid out the top 10 here to help you avoid these pitfalls. Don’t be surprised if you find yourself falling into some of these traps – many have. But it’s important to be aware of them and plan accordingly to make sure you have the retirement you’ve planned and worked for.
April 17, 2014 at 9:06 a.m.
Learn to Trust Your Own Financial Judgment
Keep this goal in mind as you read on: solid income and growth with minimal risk and no catastrophic losses. Just tuck it in the back of your head.
The Three Stooges Debunk myRA
The mention of a government-backed IRA in Obama’s state of the union address earlier this year may look like a good deal. After all, who wouldn’t want a retirement account with the full backing of the US government? But, despite its fanfare, myRA may not be the right choice for ...
Why Unemployment Rates Matter to Your Retirement
Undoubtedly, unemployment is important for retirees and soon-to-be retirees. Also important is understanding the inflation rate as it’s reporting by the US. Both numbers seem to have been improving over the past few reporting periods, but those measures may not be the most reliable. Read on to learn where these ...
Maximizing Your IRA: An Interview with Terry Coxon
Smart savers have a retirement account, but few understand the difference between the different types of retirement accounts available. It’s hard to know whether to keep money in a traditional 401(k) or move it into an IRA or Roth IRA or if there are other options available. To help clarify, ...
DUST OFF YOUR FINANCIAL PLAN
Well Spring is just around the corner, but before you get started with your spring-cleaning, perhaps another matter deserves some dusting off—that long-term financial plan.
The Ty Cobb Approach to Retirement Investing
Swinging for the fences isn’t always the best tact when you’re talking about investing. Income investors and savers prefer a little more steadiness, and a whole lot less risk. There are ways to allocate your portfolio to bring in the gains you need to live the life you want, while ...
The Lay of the Land
It’s murky times for income investors, or retirees struggling to live off of their nest eggs. The inability to place money in CDs has left many feeling lost. When “father always said…” advice no longer applies, and the old ways to grow robust portfolios no longer work, many are confused ...
Roth IRA + Legacy Trust: A match made in tax-free heaven
Leaving the Roth IRA to a “Legacy Trust” at death provides a one-two punch with incredible long-term benefits.
A Second Look at Bonds
Traditionally, bonds have been looked at as one of the safest investments around. To see whether this is really true, we first define safety and its counterpart risk. Then we look at the top 3 risks investments have to see if bonds pass all three categories. What we show many ...
65 Is Not a Magic Number
Just because you've reached 65 doesn't mean you have to retire - that is, if you don't want to. There are many people out there who stick with a job well past "retirement age" simply because they enjoy it. Unfortunately, there are also people out there who stick with a ...
Advancing to Level II: A Bulletproof Retirement
A truly balanced portfolio doesn't just ensure protection against any one investment going south - it also considers the day-to-day financial needs of the investor and their risk profile. The old adages we used to know about retirement no longer apply. Similarly, the vehicles that used to be safest now ...
Money matters: What to expect in your 90s
People are living longer than ever. This is a good thing, but it comes with some challenges such as planning for a much longer retirement.
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