How Do You Tell When It’s The Right Time To Retire?

TimeToRetire-Flickr-AmericanAdvisorsGroup

By Walter Updegrave, RealDealRetirement, @RealDealRetire

Ask Real Deal Retirement

How will I know when it’s the right tie to retire? Is there a barometer that experts rely on to know when it’s the right time to go?

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Suze Orman Says You Shouldn’t Retire Even A Month Before 70. Here’s Why She’s Wrong

By Walter Updegrave, RealDealRetirement @RealDealRetire

Suze Orman Wikimedia Commons

In a recent column, personal finance guru Suze Orman laid down the law about when we ought to retire: “Seventy is the new retirement age,” she let us know us in no uncertain terms. “Not a month or year before.” Apparently she realized that such a pronouncement might be hard for some people to swallow because immediately after making it she added, “Don’t ‘Oh, Suze’ me just yet. Please hear me out.” More»

When Playing It Safe With Your Money Can Actually Be Risky

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I’m in my early 60s and have about $400,000 in savings. I tend to stick to bank money-market accounts and CDs, as I was scammed in the past. What’s the safest way for me to invest this money? More»

3 Ways To Prevent Higher-Than-Expected Expenses From Spoiling Your Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

BudgetWorksheet

You’ve saved diligently, built an impressive nest egg and now you’re ready to call it a career. Great, just one question: Do you know how much you’ll have to shell out each year to cover your expenses after you retire? It’s an important question because unless you have a good idea of what it will actually cost to live the lifestyle you envision, you run the risk of running through your nest egg too soon. More»

How To Prevent Inflation From Squeezing Your Lifestyle In Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Inflation-Wallet Vise

Ask Real Deal Retirement

I don’t think most people appreciate how much inflation can affect their retirement plans. Can you explain how inflation can erode purchasing power during retirement and tell us what do to deal with this threat?

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How To Overcome Your Biggest Retirement Fear

By Walter Updegrave, RealDealRetirement @RealDealRetire

The Scream-Flickr-blackwhite

There’s no shortage of things to worry about when it comes to your retirement security: inflation eroding your purchasing power; health care costs breaking your budget; market slumps wreaking havoc with your investing strategy. But one concern looms especially large: depleting your nest egg prematurely. Indeed, when Allianz recently asked some 3,000 people as part of its 2017 Generations Ahead study which they fear most, death or outliving their money in retirement, nearly two-thirds chose running out of dough over meeting the Grim Reaper. More»

What’s The Best Way To Invest $100,000 In Today’s Market?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Overdiversifying-TooManyChoices

Ask Real Deal Retirement

I have $100,000 sitting in cash that I’d like to invest. What’s the best way to do that in today’s market? More»