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Help! The Saver In Me Won’t Let Me Spend My Nest Egg

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m retired, have a good pension and no debt. I also have about $350,000 in an IRA account that I may never need, but the saver in me won’t allow me to spend. Any suggestions? And how should I invest my IRA money to earn a low-risk modest rate of return?

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Don’t Have A Pension? Here’s How To Build One On Your Own

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I had a choice to take my pension as a lump sum or lifetime annuity payments and I opted for the lump sum. Now I feel like it was the dumbest decision of my life. I think I’m looking at a long retirement, and I’m just not very confident about investing in today’s market. Any advice for what I should do now?

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More Than 40% of Americans Are Wrong About Their Retirement Preparedness. Are You One Of Them?

By Walter Updegrave, RealDealRetirement @RealDealRetire

A new study by the Center for Retirement Research at Boston College (CRRBC) says that more than half of working-age Americans are at risk of seeing their standard of living drop in retirement. No shocker there. Many surveys and studies show that many, if not most, workers are well behind when it comes to preparing for retirement. What is surprising, though, is the number of people the researchers identified who believe they’re on track to a secure retirement but aren’t and, conversely, how many are worried they’re falling short but are actually doing fine. More»

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What Size Nest Egg Do I Need To Support Myself For A Long Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

How large a retirement nest egg do I need if I want to draw $60,000 a year from it and have my money last 30 years?

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How To Figure Out How Much Can You Safely Withdraw From Your Savings In Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

It’s one of most important questions you face when you retire: How much can you withdraw from savings each year without running out of money too soon yet not spend so cautiously you feel you’re skimping on retirement. Unfortunately, it’s also a daunting query that many retirees have a hard time answering. Here’s what you need to know to manage withdrawals from your nest egg. More»

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Vanguard (Yes, Vanguard!) Says Investors Can Beat The Market—But Should You Even Try?

By Walter Updegrave, RealDealRetirement @RealDealRetire

While surfing the web the other day I came across an article on Vanguard’s website titled “Beat the Market Long-Term? Yes, It Can Be Done.” At first I thought I must have stumbled into some bizarre reverse universe, an upside-down world where everything you thought you knew has been turned on its head. After all, this was Vanguard, the Emperor of Index Funds, saying that investors can identify in advance actively managed funds that can outperform their benchmarks over long periods, and then suggesting ways to improve one’s chances of identifying the funds that can pull off this feat. But can individual investors apply this advice in hopes of selecting funds that can beat the market? I’m dubious. More»