Investing for Retirement

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A Geezer Journalist’s Financial Advice For College Grads

By Walter Updegrave, RealDealRetirement @RealDealRetire

[Editor’s note: This column originally appeared a year ago. The advice still applies today, so I’ve re-published it for 2018 grads. Enjoy!]

It’s that time of year again, when politicians, activists, business honchos and other luminaries don cap and gown to dispense sage advice to newly minted college grads in the time-honored form of commencement speeches. Somehow I didn’t receive a request to speak. Maybe my less-than-cum laude record as a student at Penn more than 40 years ago scared schools off. But I’ve never been one to let the mere lack of an invitation stop me from weighing in. So here, from someone who’s spent the bulk of his career writing about personal finance, are five tips and observations designed to help recent grads get onto the right financial path. More»

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How Should I Invest My Nest Egg For Maximum Retirement Income?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m in my mid 60s and have about $1.2 million I would like to invest for the maximum income possible for the rest of my life. I don’t care for stocks or bonds because I hate the idea of seeing the value of my savings drop if the market has a correction. And I don’t understand annuities. Any suggestions?

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Should I Get Out Of The Market Until It Returns To Sanity?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I own several stock index funds that were doing well until the market’s recent setbacks. I’m afraid that a trade war or some other catalyst will spark a big downturn and I’ll lose most of my money. Should I sell and stay out of the market until sanity returns? Or should I just hold on?

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The 2 Moves You Need To Make Now To Improve Your Retirement Prospects

By Walter Updegrave, RealDealRetirement @RealDealRetire

In case you missed the memo, let me to be the first to alert you: This is National Retirement Planning Week. Okay, maybe you’re not the kind of person who’ll mark this august occasion by taking to the streets carrying pro-401(k) banners while chanting slogans touting the virtues of target-date retirement funds. But given the stock market’s recent erratic behavior and concerns about the impact a trade war could have on the economy, you may at least want to set aside some time to see where your retirement plans stand and how well they might hold up if the prospects for the market and the economy turn south. Here are two steps you can take toward that end:  More»

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The Smart Way To Get Guaranteed Income For Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

People have long been conflicted about annuities. On the one hand, they like the guaranteed lifetime income that only an annuity can provide. When Greenwald & Associates and CANNEX queried people 55 and older for its 2018 Guaranteed Lifetime Income Study, for example, 73% said they considered guaranteed income a highly valuable addition to Social Security. But they don’t like having to give up access to their savings: 75% of non-retired investors polled last year for the Wells Fargo/Gallup Investor Optimism and Retirement Index said they want the freedom to spend their retirement savings however they choose, even if it means possibly running out of money too soon. More»

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Where Can I Find No-Risk Investments?

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I have money that I want to invest, but I also want to know that my principal will always be safe. So I’m looking for no-risk investments. Any suggestions? More»