4 Lies We Tell Ourselves That Can Sabotage Our Retirement

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By Walter Updegrave, RealDealRetirement, @RealDealRetire

We like to think it’s things beyond our control—job layoffs, market downturns, big unanticipated expenses—that undermine our planning efforts and make achieving a secure retirement such a challenge. But the truth is we often inflict the most serious damage on our own by deluding ourselves into believing we’re making reasonable decisions when we’re not. Here are four examples of the kind of lies we tell ourselves (or, for a more charitable spin, the excuses we make) that can can dramatically sabotage our chances of retirement success. More»

Should I Take Monthly Pension Payments Or A Lump Sum For Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m retiring and my company has given me the choice of receiving a monthly pension check or a lump sum. Which should I take?

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3 Ways To Be Smarter About Drawing Retirement Income From Your Nest Egg

By Walter Updegrave, RealDealRetirement @RealDealRetire

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A new survey from New York Life shows that retirees and pre-retirees are more savvy about spending down their savings than they were a decade ago, with more than twice as many today saying that annual withdrawals should be held to less than 5% of one’s nest egg to avoid prematurely depleting it. But despite the improvement, far too many people still don’t have a clue about the right way to draw down their savings.

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Where Can I Find Safe Retirement Investments That Yield 7% A Year?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m 65 and looking to retire this year. Where can I find safe investments that will give me an annual return of 5% to 7% in retirement?

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How Does The 4% Rule Work—And Should You Follow It?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I hear people refer to the 4% rule for withdrawals in retirement, but I don’t know how you actually follow it. Do you just withdraw 4% of your nest egg’s value and increase that amount by inflation each year? What if the market drops and your nest egg’s value falls? Do you take 4% of the lower value or continue increasing the original withdrawal by inflation? I’m confused. More»

Why You Shouldn’t Take Those Financial Literacy Tests Too Seriously

By Walter Updegrave, RealDealRetirement @RealDealRetire

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In case you haven’t been paying attention, April is Financial Literacy Month. Which means you’ll likely be invited in the next few weeks (if you haven’t been already) to try your hand at any number of tests theoretically designed to gauge your financial acumen. But if you take one of these exams and don’t ace it—or manage even a passing grade—I wouldn’t get too worked up about it, as they don’t necessarily measure all the skills that count when it comes to making sound financial decisions. More»

How Can I Find An Honest Financial Adviser?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

My husband and I would like to retire in the next few years. We have substantial savings, but we’re still not sure whether we’ll have enough to live on. Where can we find an adviser who can sit down with us, advise us but not give us a sales pitch and try to sell us a lot of things we don’t need? More»