Your Retirement Game Plan

Labor Day Weekend seems like the ideal time to think about Your Retirement Game Plan. What better thought for the holiday weekend than considering when you no longer have to work? So, this time we give you as much current thinking as possible on the most vital steps to take in planning for your future, long, healthy retirement: Your Retirement Game Plan.

Your Retirement Game Plan – doing the right things during the accumulation phase.
Active vs. passive, stocks or bonds, self-serve or advisory, there are many choices. Robo-advisors are the latest wave, and this article gives good insight into the implications. Wealthfront vs. Vanguard: Which is the Better Choice for Retirement Investors
You have read here before about the power of compounding. It never hurts to reiterate, the more you can save, the earlier … the better. The Power of Compound Interest
Of course, you should also invest wisely. Use all the tools at your disposal to get the best possible outcome. Why you might want more than one IRA

Your Retirement Game Plan – generate income during your retirement.
If you choose to be a more active investor, dividend stocks are a good way to generate income and maintain capital.  The nice thing about this one is it gives a way to set a portion of your savings here. Setting Up a Solid Dividend Portfolio with Only $10,000
Not only that, there is a constant stream of analysis out there to help. This one is a bit dated, but gives you a good idea of what you can find. Dividend Stock Yields 19%, Way Below Book Value, Major Growth, Reports This Week
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Stay up to date on developments in the retirement industry, too. Try this on for size: “The first person who will live to be 150 years old already has been born.” – Michael Kazanjian, Lincoln Financial Group’s vice president for annuity and retirement plan services marketing. Retirement income innovations aim to ease longevity’s strain on assets

Your Retirement Game Plan – know your future expenses.
We discuss the “4% Rule” and other ways to consider managing your savings during retirement, i.e. the distribution phase. Lately the literature is turning to a more enlightened view, that expenses change over time in retirement. It makes sense, right?  It is worth a good, hard look as a preferred alternative to boilerplate ideas. Investing in Retirement
This is the tricky part, unusual expenses. Imagine, while 28% never see one, 19% get hit with four or more. 17 unexpected expenses in retirement

Your Retirement Game Plan – understand what you are up against.
Sometimes it is worth looking back. This entertaining article shows how we just don’t know what we don’t know. The One Factor to Explain Them All

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