What with all the hoopla surrounding the stock market hitting new highs and a seemingly endless supply of drama and intrigue emanating from our nation’s capital these days, you may have gotten distracted from doing your mid-year retirement checkup. That’s understandable, but you don’t want to put if off too long. Here are the three things you should do now to determine whether you’re on track to retirement and, if not, improve your outlook. More»
Investing for Retirement
Ask Real Deal Retirement
If I leave my job now, I think I’ll have enough money to live comfortably the rest of my life. So is there any reason I shouldn’t stop working and retire?
“The rich are different from you and me,” novelist F. Scott Fitzgerald once supposedly confided to fellow writer Ernest Hemingway. To which Hemingway famously replied, “Yes. They’ve got more money.” Well, a new UBS Wealth Management Americas survey of more than 2,000 wealthy investors mostly age 50 or older with $1 million or more in investable suggests the affluent may also know a thing or two about preparing for retirement. To wit, here are three lessons I’ve culled from the survey that, wealthy or not, you can put to work in your own planning to boost your odds of achieving a more secure and fulfilling retirement. More»
Ask Real Deal Retirement
I’m 64 and would like to retire. Problem is, if I invest in stocks I risk losing money to a huge correction, and if I invest in safe fixed-income investments I earn only 1% to 2%. Either way, retirement seems elusive, if not impossible. What’s someone in my situation to do?
Wouldn’t it be great if there were a simple exercise that could help you better prepare for retirement and make you feel more confident about your prospects for a financially secure post-career life? Well, there is: Put your retirement plan in writing. More»
Between firing up the backyard grill and lazing on the beach, here’s another activity you should squeeze into your schedule this summer: Give your retirement portfolio a stress test. Not that I’m saying a crash is imminent. But as MONEY’s Ian Salisbury recently pointed out, there are plenty of reasons to be concerned about a possible market setback, including lofty stock valuations and excessive optimism on the part of investment pros. Which is why now is a good time to gauge how your retirement portfolio would likely hold up if the market slumps, and make any needed changes before a downturn occurs. Here are the three steps you should take to do that: More»