What if pre-retirement savers have been doing things all wrong? Instead of focusing on stocks, to grow money for your later years, advisors are looking, increasing, at current income guarantees. They’re asking how you’re going to pay your bills when your paycheck stops.
Traditionally, you’re supposed to keep 50 or 60 percent of your money in [...]
Is your employer blindsiding you with your 401(k)? You might think you’re on track to retirement because your company enrolled you in the plan automatically. What they didn’t say is that they set you up to fail.
Auto-enrollment has been a great step forward, because it catches people who otherwise wouldn’t save. But, left alone, your [...]
Are you confused about choosing investments in a company 401(k)? More than three-quarters of the plans try to solve the problem for you by offering target-date mutual funds – one-stop shopping for savers who want to simplify their lives. You can buy them for Individual Retirement Accounts, too.
I like these funds, but picking the right [...]
The popular target-date mutual funds shocked investors after the 2008 market crash. People close to retirement saw a quarter or more of their savings wash away, in funds they mistakenly thought were “safe.”
I consider these funds terrific choices for retirement savings and, by all accounts, so do you. They’re still the most popular funds in [...]
If you’ve been snubbing a reverse mortgage, or counseling your elderly parents against it, take another look. These notoriously expensive loans are now on sale for less
You’re right to be careful about the loans. If mis-sold, they can leave you poor – and the press tells plenty of tales about mistakes. On the other hand, [...]
