Income Investing in Retirement — The Pros and Cons

Income investing in retirement has a lot of initial appeal. Rather than selling shares of a mutual fund or stock, one can instead live off of dividends from stocks and interest from bonds. This approach feels much safer than actually selling part of your investment. The reality of income or dividend investing, however, is not […]

Published or Updated: November 24, 2015

What Percentage Of Your Income Do You Really Need In Retirement?

In planning for retirement, you need target numbers. Numbers such as how much money you’ll need to have saved by the time you retire, how much you’ll have to contribute each year in order to reach that goal, and how much you’ll have to earn on your money between now and then. But before you […]

Published or Updated: November 4, 2015

Maxing Out Retirement Accounts: How Rich Could You Be?

Everywhere you look, experts are telling you to contribute to your retirement accounts. Whether it’s advice from newspapers, blogs, financial planners, or friends, any advice that is worth taking must include planning for retirement. Why? Because it’s that important! Over time, setting aside a small portion of your monthly income can mean the difference between living a comfortable retirement and […]

Published or Updated: November 8, 2015

Is Early Retirement Still Achievable?

Retiring early is a dream held by many, but few people understand what it takes to make it happen. Even worse, many people don’t realize how much money they’ll need to retire early, so they hold out hope when their chances are slim. Still, it’s important to note that early retirement is absolutely achievable. With a commitment […]

Published or Updated: November 1, 2015

Can I Count on Getting Social Security When I Retire?

In response to the devastating and crippling effects of the Great Depression, the United States government promised to help its residents avoid poverty in old age. To this end, Congress passed the Social Security Act of 1935, and it was signed into law by President Franklin Delano Roosevelt in August of that year. The original […]

Published or Updated: September 4, 2015

5 Ways Early Retirees Can Avoid the 10% Penalty on Early Distributions

One of the conundrums faced by anyone who wants to retire early is the 10% additional tax on certain early distributions from many retirement accounts.  For example, if you retire at 50, you won’t be able to access pre-tax retirement accounts without incurring the 10% additional tax, unless you qualify for one of the exceptions […]

Published or Updated: August 26, 2015

How to Invest During Retirement – An Interview with Dr. Wade Pfau

Imagine you spend 30 or 40 years saving and investing for retirement. With a long investing horizon, you stick with an aggressive asset allocation of 70% or more in equities. Now it’s time to retire and start spending some of your wealth. How should you invest? It’s a tricky issue. On the one hand you […]

Published or Updated: September 2, 2015

The Ultimate Retirement Calculator (and it’s free)

Personal Capital first introduced what is by far the best financial dashboard I’ve used. It’s a free online tool that tracks everything from your bank accounts to your investments. It comes with great graphs and charts that show your asset allocation, investing costs, and cash flow. Now they’ve introduced an equally impressive retirement calculator. I […]

Published or Updated: October 19, 2015

Calculating the Value of a 401k or IRA Retirement Account

A reader named Jen recently sent me an email about 401k retirement accounts. James Altucher, a former hedge fund manager, had posted a video on Business Insider on why you shouldn’t invest in a 401k. When I first saw the video, I thought it was a parody. I didn’t realize he was being serious! Here’s […]

Published or Updated: June 22, 2015

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