Category: Investing for Retirement

How to ‘De-risk’ Your Retirement Portfolio So it Doesn’t Take a Big Plunge

How to ‘De-risk’ Your Retirement Portfolio So it Doesn’t Take a Big Plunge

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Published: March 7, 2019

We had some scary market moves at the end of 2018. But so far, in 2019, things are recovering quickly. Rather than wait for the next big bear market, why not start a de-risking strategy now? In this article, we correlate reducing portfolio risk with de-icing a car. Anybody who has lived in a cold climate knows what de-icing a car is like. If you’ve ever deiced a car you’ll get a chuckle out of this story and see how you can apply it to de-risking your retirement money. I was in my 20’s, living in Colorado (Grand Junction on the western

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Best Retirement Investments for a Steady Stream of Income

Best Retirement Investments for a Steady Stream of Income

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Published: August 16, 2018

As you near your 60’s, your prime earning and saving years will transition into a period of time where you get to enjoy the “fruits of your labor,” a.k.a retirement. We call this segueing from accumulation to decumulation, the period when you will be drawing from your accumulated nest egg. You need to find the best retirement investments so that you can generate regular income, without having to go back to work. Here’s an overview of the most popular income-producing retirement investments. 1) Immediate Annuities Immediate annuities provide guaranteed income immediately (hence the name). They are a form of insurance rather than

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How to Build a Retirement Portfolio That Will Stand Up Over Time

How to Build a Retirement Portfolio That Will Stand Up Over Time

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Published: July 5, 2018

When working and saving, the goal of your retirement portfolio is to earn as high a rate of return as you can while not taking so much risk that it will scare you into pulling out of the market during a downturn. Once retired, the goal changes. A different goal means a different portfolio. A retirement portfolio needs to produce reliable cash flows that last the rest of your life regardless of the variety of market conditions that occur over your retirement years. In other words, you need a retirement portfolio that remains standing under all conditions. There are four primary ways you

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IRA Rollovers, IRA Transfers and 15 Other IRA Basics

IRA Rollovers, IRA Transfers and 15 Other IRA Basics

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Published: January 5, 2018

Some financial terms have become so ingrained in the vernacular that people are embarrassed to ask about them. It’s as if everyone else is speaking a language you feel you should know, but don’t really. Such is the case with IRAs. When clients come to us to discuss their finances, they often reveal they aren’t clear on some of the IRA basics. Below I address some basic terms and concepts about IRAs. What is an IRA? An IRA is an Individual Retirement Account. When you contribute to an IRA, you are putting money aside for your future so you will have

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My 2017 Market Predictions

My 2017 Market Predictions

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Published: February 10, 2017

As a financial planner, my life is about projecting unknowns. I often tell clients the only thing I can guarantee is once we put the numbers on paper, they’re wrong. Life doesn’t work in a nice linear fashion the way projections do. But by using projections, we can establish a range of possible outcomes, and plan based on that range. As many unknowns as there are, I realize when it comes to the financial markets and human behavior, there are some things that are quite certain. Human beings want to believe someone out there knows the future. Normally, I shy away

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Investing Sanely in an Insane World

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Published: July 5, 2016

It was Thursday night, June 23rd. I was packed and ready to head out the next morning for the annual trip that I take with my significant other and his two boys to Rocky Point, Mexico. I glanced at my phone and saw a few Bloomberg alerts. “What?” I exclaimed out loud, as I started reading that the vote count was showing that Britain was likely to leave the EU. My next thought was, “Now what? Do I stay up until 2 a.m. trying to

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7 Basic Things You Should Know About Your 401k Plan

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Published: July 31, 2012

I recently spoke with a good friend from college who had the misfortune to lose his job. Did you have a 401(k)?” I asked him. “I think so,” he responded. “I see money coming out of my check going somewhere.” I continued to inquire. “Do you know how it’s invested? What about a company matching contribution?” My friend paused a moment before answering, “No idea. I think the company does contribute something but I don’t know how it works. We had some guy come and talk to us and show us the investments. I picked one he said

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