Retirement Savings and Investments News, Information and Guidance

The Biggest Retirement Planning Mistakes Boomers Made and How to Fix Them

Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are completely busted and busted up about their retirement prospects.  Boomers have made some big retirement planning mistakes — even beyond giving away their record collections. The results of the IRI survey reveal that Boomers have an extremely dismal view of their future prospects. …

transition to retirement

More than 8 Esteemed Experts Offer Smart Strategies for the Transition to Retirement

The transition to retirement is exciting and scary.  Like all big events — graduations, relocations, marriage, childbirth and more — life will never be the same again. To make your planning for this transformation easier, here is advice from retirement and personal finance experts. Go for Risk and Reward You have a lot of choices…

RMD

No Laughing Matter: Minimize the Impact of Required Minimum Distributions (RMD)

When we reach the age of 70 ½ we must — in order to avoid tax penalties — take Required Minimum Distributions (RMD s) from IRAs, 401ks and other types of tax advantaged accounts — all  retirement accounts funded with pre-tax contributions. So what exactly is a “Required Minimum Distribution?” Let’s break it down: Required —…

retirement income

How to Build a Retirement Income Plan

“The most important thing you can do for your retirement is have a plan — specifically a retirement income plan. A plan covers far more than what investments to pick. Investments are the last part of the plan; the icing on the cake. They should come only after you have the main meal menu in…

How Much Should You Save for Retirement? Financial Gurus Answer

Saving for retirement doesn’t have to be difficult. Retirement savings can seem like a very complicated matter. But some of the most well-known and respected financial minds say it’s really not that hard. The difficult part is the saving; sorting out how much to save is simple. The younger you begin, the easier retirement saving…

debt and inflation

Trick or Treat? The Frightening Truth About Debt, Inflation and More…

Most of us are kind of horrified by personal finance.  It can be mystifying and intimidating. However, there are also a lot of ways to profit from basic economic concepts. The problem is that sometimes the bad is good.  And, other times the good is bad. Is Halloween a horrifying holiday or a cute community…

best retirement investments

What is the Best Retirement Investment? Target Date Funds or a Managed Portfolio?

What is the best retirement investment? A target date fund or something else? This content was originally published on RealDealRetirement by Walter Updegrave, RealDealRetirement @RealDealRetire Ask Real Deal Retirement… I’ve been putting my retirement savings into a target-date fund but want to know whether that’s a good idea or if I should consider other investments….

Should you own stocks in retirement?

Should You Own Stocks in Retirement?

This content was originally published on RealDealRetirement by Walter Updegrave, RealDealRetirement @RealDealRetire Should you own stocks in retirement? Is it worth the risk? Are we crazy to avoid stocks? My husband and I are retired and living comfortably on income from Social Security, a pension and other sources. We own government bonds and have FDIC-insured…

how to invest for retirement

6 Simple Tips for How to Invest for Retirement

We all know that we need to save for retirement, but that is hard.  However, it might be even harder to figure out how to invest for retirement. Investments are important for your future. Investing requires some level of expertise and a way of thinking about money that is not innate for most people.  Furthermore,…

retirement income

10 Expert Retirement Income Strategies: Get Ready to Play a Whole New Ballgame

If creating retirement income feels impossible, it might be because it’s a whole new ballgame for you. Learn the new rules and you can hit the retirement income home run! We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too.  When we retire, everything we have ever experienced…