Saving for Retirement

How To Build A Simple-But-Effective Retirement Portfolio

By Walter Updegrave, RealDealRetirement @RealDealRetire

ManWithPortfolios

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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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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Why Dow 20,000 Is A Meaningless Milestone You Can Largely Ignore

By Walter Updegrave, RealDealRetirement @RealDealRetire

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The press release from S&P Dow Jones Indices made me feel as I were being briefed on a matter of great historical significance: “Good morning. The Dow Jones Industrial Average is within striking distance of 20,000. The 120-year-old benchmark of U.S. stock market performance is in territory unlike ever before in its storied history.” And for a second I was almost sucked in. But then I thought, wait a minute. Is this really a big deal? Does it affect the way people should invest the money they have in IRAs, 401(k)s and other retirement accounts—or any money at all, for that matter? No diss to the storied Dow, but I think we can hold the confetti on this one. More»

Should I Invest $1 Million Of My Retirement Savings In An Annuity?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m 59 years old and plan on retiring within the next year. My adviser is recommending that I invest $1 million, about 25% of my nest egg, in annuities to generate retirement income. That percentage seems high to me. Is there a rule of thumb about how big a role annuities should play in one’s retirement strategy?

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The Big Lesson From 2016 You Should Apply To Your Retirement Planning

By Walter Updegrave, RealDealRetirement @RealDealRetire

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In a year that witnessed one of the most divisive and wackiest presidential election campaigns in U.S. history, it’s not hard to find lessons that can apply to various aspects of your life. But when it comes to takeaways that can improve your retirement planning and investing, I think there’s one big lesson we should all draw from 2016: Don’t let the constant flow of predictions and prognostications about the markets and the economy—no matter how prescient they may seem—divert you from a comprehensive plan designed to achieve success over the long-term. More»

What Size Nest Egg Do I Need For A Secure Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Nest Eggs

Ask Real Deal Retirement

My husband and I are retired, but aren’t sure whether we have enough in savings to see us through retirement. Is there a specific amount we should have? How can we tell how much is enough? More»

The 2 Retirement Planning Resolutions You Really Need To Make For The New Year

By Walter Updegrave, RealDealRetirement @RealDealRetire

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When it comes to New Year’s financial resolutions, saving more is a perennial favorite, as Fidelity’s 8th Annual Resolutions Study shows. And that’s fine, except resolving to save ore may not be very effective if “more” still falls far short of being “enough,” or if you aren’t investing your savings properly. Which is why if you want to be really serious about making sure you’re doing all you can to achieve a secure retirement, I recommend you put these two key resolutions at the top of your list. More»

A Geezer Financial Journalist’s Advice To Millennials On The Best Way To Achieve Financial Success

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Dear Millennials: You’ve no doubt noticed that you’re the financial services industry’s new best friend forever. It seems hardly a day goes by that some investment firm doesn’t release a study or survey purporting to offer keen insights into your financial behavior or suggest astute ways you can improve your prospects (that not-so-coincidentally involves buying that firm’s products or services). But while having an entire industry tripping over itself to woo you can be a heady experience—I know because my fellow baby boomers and I received similar treatment for years—the unrelenting attention can also be a distraction that can interfere with making good financial decisions. So as someone who’s been there, done that—and who’s been covering financial topics as a journalist for more than 30 years—I’d like to offer three tips that can help you sort through the hype and hoopla and improve your odds of attaining financial security. More»

Pension Dilemma: Lump Sum or Lifetime Annuity Payments?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m getting ready to retire from the company where I’ve worked for many years.  I keep hearing conflicting answers as to whether I should take my pension as a lump sum or monthly lifetime annuity payments. What’s your advice?

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Should You Put Some of Your Retirement Savings Into An Annuity?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Annuity

Ask Real Deal Retirement

I’m retired and have about 40% of my nest egg in stocks and 60% in bonds. I’m wary of the stock market, so I’m considering moving part of my savings into an annuity. Do you think that’s a good idea?
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