The difficulty in retirement planning is that no one knows the answer to “How much do I need to retire” much like no one knows the answer to where the stock market will be 5 years from now.
But there are definitely ways to make predictions about retirement planning more accurate.
Also, today’s environment does give retirement savers some clarity about how to plan for retirement spending.
Much like Mint.com transformed personal finance from boring budgets to beautiful charts and graphs, Bettermint is hoping to make investing exciting again. Using exchange traded funds, the site allows investors to select asset allocation models that fit their retirement and savings goals.
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Investors face a new reality that they have to prepare for their retirement by investing in the best possible investments with reasonable risk to reward ratios, but they’ll also need to be tax code savvy.
Few things change as much as the tax code, but one thing certainly hasn’t changed: the necessity of tax strategies and their relationship with your 401k and IRA. Read more…
While few investors can pick stocks that beat the market, almost everyone can beat the risk-free returns. In this day and age, with computers scouring the markets with electronic eyes faster than that of humans, it makes a lot of sense to start targeting an ideal asset allocation instead of market-beating returns.
Did you know that Uncle Sam wants to pay YOU to save to retire? Yes, you! He wants to give you $1,000.
As the baby boomer generation starts hitting retirement age not only are they going to put a drain on social programs, the new worry is that they might drain wall street. Read more…
