A Geezer Journalist’s Financial Advice For New College Grads

College Graduation

By Walter Updegrave, RealDealRetirement, @RealDealRetire

It’s that time of year again, when politicians, activists, business honchos and other luminaries don cap and gown to dispense sage advice to newly minted college grads in the time-honored form of commencement speeches. Somehow I didn’t receive a request to speak. Maybe my less-than-cum laude record as a student at Penn more than 40 years ago scared schools off. But I’ve never been one to let the mere lack of an invitation stop me from weighing in. So here, from someone who’s spent the bulk of his career writing about personal finance, are five tips and observations designed to help recent grads get onto the right financial path. More»

How To Enjoy A More Worry-Free Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

My wife and I are retired, have a comfortable income and a substantial nest egg. We have a nice home and no debt. Still, I worry constantly about our financial future. What can we do to better enjoy the retirement we’ve worked and saved for?

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Can You Pass The Retirement Quiz Most Seniors Have Flunked?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Anyone wondering whether people in or nearing retirement are as up to speed on creating a viable retirement income plan as they should be got an answer last week when the American College of Financial Services released the results of its Retirement Income Literacy Quiz. It was sobering: nearly 75% of the 1,244 adults aged 60 to 75 who were interviewed online for the test got a big fat F (a score of 60% or less), while less than 6% received an A (91% or better) or a B (81% to 90%). More»

4 Things You Need To Do If You Want To Retire Early

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m 48 years old and would like to retire by the time I’m 55. What do I need to do make that happen? More»

2 Smart-But-Easy Ways To Improve Your Financial Health

By Walter Updegrave, RealDealRetirement @RealDealRetire

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You may be financially fit—but are you financially healthy? It’s an important distinction. Achieving true financial health isn’t just a matter of saving money and building wealth. There’s also an emotional component that involves feeling positively about your finances and your ability to determine your financial future. Which means that in order to attain true financial health, you need to ensure that both the economic and emotional dimensions of your finances are sound. New research from Morningstar points to two techniques that can help. More»

What Rate of Return Should You Expect To Earn On Your Retirement Investments?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

My nest egg is invested in a relatively simple portfolio of stock and bond index funds. What’s a reasonable rate of return for me to expect in the future?

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Don’t Let These 4 Obstacles Stand In Your Way Of Becoming A Successful Investor

By Walter Updegrave, RealDealRetirement @RealDealRetire

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When Capital One Investing asked more than 1,000 people as part of its 2017 Financial Freedom Survey what undermined their confidence in investing, they pointed to four main impediments: lack of knowledge and experience (cited by 51% of respondents); distrust of the markets and/or financial industry (49%); lack of pricing transparency (45%); and, the complexity of investing (42%). (People could choose more than one issue, so the responses add up to more than 100%.) But while these are all certainly valid concerns, they’re hardly insurmountable. Here’s how you can overcome each of these stumbling blocks—or even turn them to your advantage—to become a more successful investor. More»