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Retirement Crisis? Depends On Which Retirees You’re Talking About

By Walter Updegrave, RealDealRetirement @RealDealRetire

Despite all the talk of a retirement crisis and fears of people running through their savings too quickly, a new study finds that retirees who have spent nearly two decades in retirement have not only been able to maintain their pre-retirement standard of living after calling it a career, but have managed to do so while keeping their nest egg largely intact. Unfortunately, the study also warns that future retirees may find it much more difficult to achieve anything close to the same feat. More»

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How Should I Invest My Nest Egg For Safety And Income In Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

I plan on retiring within the next year or so with about $250,000 in my retirement accounts. How do I invest that money for monthly income without going through my assets too quickly? More»

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Your Biggest Retirement Challenge—And How To Master It

By Walter Updegrave, RealDealRetirement @RealDealRetire

I wrote in a previous column that when it comes to retirement security, one concern dominates all others: the fear of running through one’s nest egg too soon. That’s probably because many of us don’t have a clue about how to manage this risk. When actuaries in the U.S., U.K. and Australia surveyed nearly 3,000 working-age adults about the various issues they must grapple with in planning for retirement, they found that longevity risk was the least understood. Only a third of those surveyed knew how long their assets might last, and only half had actually planned for the possibility of a longer-than-expected life. More»

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Which Is The Better Investment For Retirement—A Managed Account or Target-Date Fund?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m trying to decide whether to invest my savings in a managed account or a target-date retirement fund. Which do you think I should choose? More»

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3 Steps You Can Take To Have A Happier Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Happiness, it’s been said, is like a butterfly. The more you chase it, the more it will evade you. The implication is that by actively pursuing a happy state you reduce your chances of achieving it. That may be very well be true in a philosophical sense. But when it comes to retirement at least, new research suggests that there may be specific steps you can take to enjoy a more rewarding post-career life. More»

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How Much Income Will You Actually Need In Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I always hear you need to replace 70% of your pre-retirement income in retirement. But now that I’m getting close to retirement, my income is a lot lower than it was earlier in my career, although my lifestyle hasn’t changed much as I’ve always lived pretty simply. So should I figure I’ll need 70% of my earlier, higher income or 70% of my more recent, lower income once I retire? More»