Saving for Retirement

This One Simple Exercise Can Dramatically Improve Your Retirement Prospects

By Walter Updegrave, RealDealRetirement @RealDealRetire

To Do List

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»

I’m 60 With Little Saved—What Do I Need To Do To Retire?

By Walter Updegrave, RealDealRetirement @RealDealRetire

To Do List

Ask Real Deal Retirement

I’m 60, earn about $80,000 a year, but have only $75,000 or so in retirement savings. What can I do to improve my retirement prospects? More»

It’s Time To Stress Test Your Retirement Portfolio

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

A Simple-But-Effective Strategy To Build A Bigger Retirement Nest Egg

By Walter Updegrave, RealDealRetirement @RealDealRetire

Nest Eggs

Ask Real Deal Retirement

Many young people simply can’t afford to put away the percentage of pay for retirement that experts often recommend. Seems to me it would be more realistic for them to start with whatever they can and then gradually increase that amount as their salary increases. What do you think?
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The Right Way To Put The Power Of Compounding To Work For Your Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

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recent Vanguard blog post on the benefits of compounding calculated that forgoing a $3.50 cup of java every day and investing that money in a diversified portfolio earning 6% a year, you would end up with more than $100,000 after 30 years. But while this example nicely illustrates how the compounding of investment gains can turn even small sums into big bucks over time, here are three more practical and effective ways to harness the power of compounding to build a bigger retirement nest egg. More»

How To Figure Out How Much Income You’ll Need In Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

Why is retirement planning based on replacing a certain percentage of your pre-retirement income after you retire? Wouldn’t it make more sense to plan on the basis of the expenses you’ll face in retirement? More»

4 Mistakes That Can Undermine Your Retirement Prospects

By Walter Updegrave, RealDealRetirement @RealDealRetire

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There’s no doubt given today’s rapidly evolving economy and constantly shifting markets that successfully preparing for a secure retirement can be a challenge. But several recent retirement surveys suggest that many of us may also make retirement planning more difficult than it has to be by engaging in self-defeating behavior. With that in mind, here are four ways many of us sabotage our retirement-planning efforts that you would do well to avoid. More»

How A Roth IRA Can Jump Start Your Retirement Plan

By Walter Updegrave, RealDealRetirement @RealDealRetire

Roth IRA Scrabble tile holder

Ask Real Deal Retirement

My 23-year-old daughter works part-time and plans to go to graduate school in the near future. I want her to get an early start on saving for retirement, so I’m suggesting she open a Roth IRA account. Is this a good idea? And if she opens a Roth, how should she invest the money? More»

How Many Funds Do You Really Need To Diversify?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

I have seven mutual funds in my retirement savings account that invest in a broad range of stocks (large-, mid-, small-caps, domestic and international) and bonds, plus real estate and gold. I’m now looking to add an eighth fund or ETF to my portfolio. Any recommendations? More»

How Much Investing Risk Should You Take In Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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Ask Real Deal Retirement

My feeling is that once you retire you should take only as much investing risk as necessary to get the income you need from your portfolio, even if your risk tolerance would allow you to shoot for higher returns. I don’t see the point of investing for bigger gains at that point if you don’t need them. Do you think this approach makes sense?

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