Strange times call for strange measures. With Congressional hearings becoming commonplace, the White House under constant siege, and financial markets hard to predict, perhaps it is time to think differently. We are really quite consistent here in our guidance on retirement. Save as much as you can, starting as early as you can. Watch fees in everything you do, and maintain a balanced portfolio to protect against downturns. When you near and enter the distribution phase, start thinking about income products: annuities with lifetime guarantees and dividend champions. In keeping with current events, though, feels like a good time to pick up a whole slew of unusual ideas. Depending upon how sophisticated you want to be some of these may be worthy adventures for you. If nothing else, you may pick up some new lingo for your next meeting with your advisor.
Strange Times: Some alternative approaches to containing risk.
Whether you believe it, or not, this incredible bull run since the bottom in 2009 will eventually correct. Some of the greatest investing minds of the last 50 years seem to think it is sooner than later. Jim Rogers: The worst crash of our lifetime is coming and Here’s Why Bill Gross is Worried About Markets So, you can/should use some of the approaches we have already covered, or consider some of these ideas.
Whether you are heading into (or in) the distribution phase, or not, read this. Retired or Retiring in the Next 15 Years? Better Get Defensive.
Strange Times: Since we are stepping outside the box …
Having led several life insurance companies, I came to appreciate the hidden attributes of many oft derided products. Here’s a great article on one of these. Don’t scoff until you read it, please. What’s Your Safe Money Plan for Retirement?
Strange Times: A little dose of reality …
Separating Retirement Fact from Retirement Fiction