No Time Like The Present to Max Out Contributions
As the year draws to a close, it’s not too late to follow these tips to save money on 2017 taxes. Number 1 on the list? Make maximum retirement contributions! Click here to read more.
How Long a Retirement Can $1 Million Fund?
Well, that all depends on where you choose to live. Click here to see this state by state guide by Sally French of MarketWatch.
We’re Going to Tell You the Top 6 Things No One Tells You About Retirement
According to The Motley Fool‘s Chuck Saletta, “To make your retirement years truly golden, understand what may be coming your way. Many of us look forward to retirement as the reward for a lifetime of hard work. While the post-work years can truly be golden for those who plan for them, many retirees are caught off guard by the facts of their new life.”
Click here to read about six important issues you should know about before you leave the working world for good.
Ready for Retirement?
This is National Retirement Security Week: a great time to review & plan for your future. Learn more here, and give us a call to discuss! #NRSW17
Key to Long-Term Investment Success?
Sticking to a sensible strategy potentially beats market timing.
When the markets drop, sometimes investors panic, selling at or near a market bottom. Then they wait too long to get back in once the market recovers. More often than not, these investors make “market timing” decisions based more on emotion than logic.
Market timing usually fails as an investment strategy because it involves two decisions: knowing when to get out, and knowing when to get back in. Getting both decisions right is very tough, even for professional investors. Selling at the wrong time locks in actual losses, while staying invested only incurs losses on paper – they don’t really affect you until you sell.
Instead, you should establish a solid, long-term investment plan and stick to it. Contributing to your retirement plan each month imposes a certain discipline that has the potential to make you more money over time.1 This is because your regular investment buys fewer shares of a fund when prices are high, but more shares when prices are low. The result? Potentially, more money to spend in retirement.
How Much Might You Really Spend in Retirement?
It’s important to plan properly, but new studies show that retirees spend less than they anticipated in retirement. Estimating your future expenses can help determine how much retirement savings you need.
However, research indicates that retirees spend less than pre-retirees anticipate spending, and retirees spend efficiently and adjust their spending in retirement.
Read more from Troy Block, Research Specialist, and Wesley Phoa, Fixed Income Portfolio Manager of Capital Group.
