Saving for Retirement

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

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

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

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

Your Biggest Retirement Challenge—And How To Master It

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

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

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

3 Steps You Can Take To Have A Happier Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

How Much Income Will You Actually Need In Retirement?

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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»

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

By Walter Updegrave, RealDealRetirement @RealDealRetire

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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

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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

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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»