Saving for Retirement

How Should I Invest If I Can’t Handle Another Downturn In The Market?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’ve always invested in stocks, but now that I’m nearing the end of my career I find the stock market way too nerve-wracking, and I just don’t feel I can handle another drop in stock prices. How I should invest?

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Don’t Let “Trump-O-Mania” Divert You From Your Retirement Strategy

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Trump, Trump, Trump, Trump. Trump. Everywhere you turn these days people are hypothesizing about ways a Trump administration might affect your retirement prospects. But while this unrelenting focus may be understandable (and even possibly helpful), it can also be a bothersome distraction perhaps even enticing you to make moves you may later regret. Here’s how to put “Trump-o-mania” in perspective and keep your focus on preparing sensibly for retirement. More»

Is A 15% Savings Rate Adequate For A Secure Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’ve heard that I should save 15% of salary a year, if not more, for retirement. Is that figure correct and does it include any matching contributions my employer makes to my retirement account? More»

5 Ways You May Be Fooling Yourself About Your Retirement Planning

By Walter Updegrave, RealDealRetirement @RealDealRetire

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According to the Employee Benefit Research Institute’s latest Retirement Confidence Survey, 63% of workers claimed they were very or somewhat confident of having enough money for a comfortable post-career life. But when you look at how little many people have stashed away for retirement—the average 401(k) balance is less than $100,000—you have to wonder how accurate their self-assessment is. So how can you tell whether you’re being realistic about your retirement planning efforts or deluding yourself? Here are five ways. More»

Should An Annuity Be Part Of Your Retirement Income Plan?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

My husband and I have nearly $1.5 million in savings and are nearing retirement, although he has some health issues that may force him to retire sooner than we’d hoped. We like the plan our adviser has put together for us, but we’re unsure of the markets and are considering using some of our savings to buy an annuity for guaranteed income. Our financial adviser says we’re fine without an annuity, but we’re still unsure since neither of us will receive a pension. What do you think? More»

Can A Roth Conversion Help You Pass On More Wealth To Your Heirs?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Most people think of a Roth conversion as a way to generate tax-free income for their retirement. But a recent Vanguard study shows that converting savings in a traditional IRA or 401(k) to a Roth IRA may also be able to help you leave a bigger legacy to your heirs. The rub: Determining the extent to which your beneficiaries will benefit from a conversion—or for that matter whether they’ll be better off at all—may be trickier than you think.

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Do You Have Enough Retirement Savings For Your Age?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m in my mid-40s and have about $700,000 in retirement accounts. Is that amount in the upper range for someone my age and does that figure put me on track toward a secure retirement?
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3 Ways To Avoid A Drop In Your Standard of Living In Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

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The main goal of retirement planning is to be able to maintain roughly the same standard of living after your career as during it. But achieving that goal can a challenge. For example, the latest Transamerica Retirement Survey of Workers found that 40% of baby boomers expect their standard of living will fall during retirement, 83% of Generation Xers believe they’ll have a harder time achieving financial security than their parents and only 18% of Millennials say they’re very confident about their retirement prospects. So how can you avoid having to ratchet down your lifestyle after calling it a career? Here are three ways: More»

How To Build A Simple-But-Effective Retirement Portfolio

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I like the idea of investing my retirement savings in low-cost index funds, but trying to pick them is exhausting. Any suggestions? More»

Is Now The Right Time To Invest My Retirement Savings In The Stock Market?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I pulled my retirement savings out of the stock market just before Brexit and then kept it out because I was worried about what might happen to stocks in view of the elections. I’d like to get back in but I’m not sure this is the right time. What’s your advice on how and when I should start getting back into the market?

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