That time of year so had to include some helpful ideas about new year resolutions. According to Google, saving more for retirement is the 3rd most common resolution. Most of us create these new goals for the year but only 30% of us stick with them after 3 months. Why is that? Self-Discipline! Let’s make this year different! Use the ideas and the case studies in this article and apply today.
Very well written article on how to view a year like 2017 where the S&P returned 22%. After years like this, most start to ask ‘should I sell’ or ‘is the market ready for a crash.’ If you have a longer time horizon, first step is to make sure your allocation (stocks vs bonds/cash) meets your risk tolerance. If it does, let it go and just “ignore market forecasts”.
Question for you: if you were offered $500,000 in a lump-sum payment or $2,700/mo of guaranteed income to start your retirement, which would you take??? The answer may shock you. This article dives into why planning on income should be at the forefront in retirement planning.