FallingChartwithMan

Is Dollar-Cost Averaging A Good Strategy If You Think The Market Will Tank?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I have a substantial amount of cash on the sidelines I want to invest in a diversified portfolio of funds. But I believe we’re in for a market correction sometime soon. I know you’ve said that dollar-cost averaging isn’t a good strategy, but I was wondering whether in this scenario makes sense as a way to overcome my paralysis about investing my money while also reducing my risk?

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TrainTrack-OnTrack

How To Keep Your Retirement On Track Despite Lower Investment Returns

By Walter Updegrave, RealDealRetirement @RealDealRetire

Nearly 70% of the more than 1,000 401(k) participants polled for BlackRock’s latest DC Pulse Survey said they expected to be able to save enough to meet their financial goals in retirement. Problem is, those expectations may be based on overly optimistic assumptions about the rate of return their savings will earn. Indeed, two thirds of those surveyed said they believe future gains will be in line with that they’ve seen in the past and nearly 20% expect them to be higher. Which raises the question: Are you putting your retirement in jeopardy by being overly optimistic about the returns your retirement accounts are likely to generate? More»

AnnuityTarget

What’s The Best Annuity For Guaranteed Monthly Retirement Income?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m retired and thinking of buying an annuity to add to my monthly income, but I’m not sure which type of annuity might be right for me. Any suggestions? More»

moneybagman-dollarsign

Late In Your Career And Light On Savings? Here Are 4 Ways To Improve Your Retirement Prospects

By Walter Updegrave, RealDealRetirement @RealDealRetire

A recent study by the Insured Retirement Institute found that fewer than one in four baby boomers believe they’ll have enough money to support them through retirement. That’s not surprising when you consider the gap between how much people have saved and what they think they’ll need. For example, 80% of the workers polled for the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey who attempted to calculate how large a nest egg they’ll need estimated they’d require $250,000 or more in savings to live comfortably. Yet Vanguard’s latest How America Saves report puts the median 401(k) balance for 55-to-64-year-olds at less than $72,000. So what can you do if you’re getting towards the end of your career and your nest egg is well shy of what it should be to maintain your standard of living? Here are four moves that can help: More»

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Should I Invest My Retirement Savings In Gold?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

Is there a good reason I ought to include gold in my retirement portfolio? More»

Head-brain

The 5 Things You Need To Know To Be Financially Astute

By Walter Updegrave, RealDealRetirement @RealDealRetire

In case you forgot to mark your calendar, April is Financial Literacy Month, that time of year when you’re supposed to assess how much (or how little) you know about money and finances. If you want to gauge your financial acumen, there are all sorts of tests out there to help you do so, ranging from this six-question Financial Literacy quiz from FINRA to the National Financial Education Council’s 30-question National Financial Capability Test. But while having a grasp of how compound interest and inflation work and knowing how lenders calculate loan payments and make credit decisions can help you make sounder choices with your money, I’d argue that understanding these five big-picture principles is even more crucial to reaching your financial goals. More»