How Can I Help My Daughter Plan For Retirement?

Overdiversifying-TooManyChoices

By Walter Updegrave, RealDealRetirement, @RealDealRetire

Ask Real Deal Retirement

My young daughter is just entering the work-a-day world, but isn’t very money savvy. I want to help her plan for retirement and have considered funding an IRA for her, but I’d like to do more. What’s the best way for me to help her?

More»

Confused About Annuities? (And Who Isn’t?) Here’s How Annuities Work

By Walter Updegrave, RealDealRetirement @RealDealRetire

RubeGoldberg

A recent TIAA-CREF survey found that 84% of Americans want guaranteed monthly income in retirement, yet only 14% have actually bought an annuity. One reason may be that most people don’t really understand how the damn things work. Here’s a plain-English explanation. More»

The Single Best (And Easiest) Way To Boost Your Investment Returns

By Walter Updegrave, RealDealRetirement @RealDealRetire

WringingDollar

Two financial services firms—Charles Schwab and Wealthfront—duked it out in public last week over whose automated investing service is a better deal. Some may see such sparing as unseemly, but I think it’s great, because such sniping will focus more attention on the surest way to boost returns—cutting investing fees. More»

Should You Bet Your Retirement On Warren Buffett?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Buffett-ppt

Ask Real Deal Retirement

Last year I invested $50,000 of my retirement money in Berkshire Hathaway shares. I’m now trying to decide whether I should put much more of my savings into Berkshire or create a diversified portfolio of stocks, funds or ETFs. What do you think?

More»

Drink That Latte! Or 3 Ways To Save And Still Enjoy Life

By Walter Updegrave, RealDealRetirement @RealDealRetire

Latte

You’ve heard of the Latte Factor approach to saving: Eliminate small nonessential outlays—like the $5 you spend daily on lattes or other treats—and you can end up with an extra $150,000 or so over the course of  30 years. Well, I have a better idea: Enjoy life’s little pleasures—your latte, Dunkin’ or other indulgences—and focus instead on more realistic ways to build a retirement nest egg. More»

Am I Paying My Adviser Too Much?

By Walter Updegrave, RealDealRetirement @RealDealRetire

OpenWallet

Ask Real Deal Retirement

My adviser moved all my savings into low-cost index mutual funds and ETFs. But I’m still paying him 1.5% a year for “investment guidance,” which seems a bit expensive. Can I get that guidance elsewhere for a lower fee?

More»

Want Your Money To Last A Lifetime? Take a Stroll Through New York City’s Grand Central Station

By Walter Updegrave, RealDealRetirement @RealDealRetire

GrandCentral

Forget the 4% rule, Monte Carlo simulations and lifetime consumption hypotheses. If you want a model for how to spend down your nest egg without running out of money too soon, visit Manhattan’s Grand Central Station at rush hour. More»