To continue our series on different types of risks faced by today’s retirees, we need to also spend some time talking about “business risk.” In our context, business risk simply means that a company you rely on for some form … Continue reading
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A Hassle-Free, Well-Balanced Investment Strategy for: IRA Investors 401k and 403b Savers Retirees Who Need Retirement Income The 4 × 14 Retirement Portfolio™ One of the most important decisions to make as a retirement investor is the … Continue reading
[Author's note: This article is from a column I wrote a few years back. But with the latest Powerball lottery prize in late 2012 estimated at about $425 million, it seems like an appropriate time to re-run this info. The … Continue reading
I want to remind you about the retirement tax credit for lower/middle-income working families. Assuming you meet the eligibility requirements, you can claim a tax credit for your retirement plan contributions for 2012. Eligible retirement plans include 401(k)s, 403(b)s, a … Continue reading
For many small business owners, the business is also their retirement plan. The plan is to sell the business at some point and then retire. The trouble is often in the timing. When you want to sell may not be … Continue reading
What really motivates people to save for retirement? Well, it’s not linear thinking, which is how most of us think when figuring out a math problem off the top of our heads. What can really motivate someone to save is … Continue reading
A study from earlier this year found that 401k investors sometimes follow what I call a “naïve” investing strategy. These workers evenly divide their 401k money among their mutual fund choices. Thus if a plan has 5 investment choices, a … Continue reading
When it comes to generating retirement income, conventional wisdom says to spend down/consume your taxable assets first, then your tax-deferred assets (like 401k and traditional IRAs), and then tax-free assets last (like Roth IRAs). After spending all your taxable assets, … Continue reading
Annuitization is a fancy word for starting a lifetime stream of income, typically from an annuity. I ran across an academic study that tried to answer one simple question: why don’t more middle-income retirees annuitize? In other words, how come … Continue reading
Poor Prince Harry. Caught with his pants down while in Las Vegas. But how many of us are going to be caught with our financial pants down when we reach retirement? To avoid future financial embarrassment, start making good choices … Continue reading
