My Retirement Blog
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Lower Fed Rate Drops CD Rates
The Fed dropped the federal funds target rate by a whopping 125 basis points in ten days, resulting in a variety of CD rates to fall way under 5%. For the income investor, Certificates of Deposit have always been a nice “base” onto which to build your income generating retirement portfolio so this past week’s…
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Retirement Saving Without a 401(k)
Many working Americans don’t have access to a 401(k). I don’t mean their employer doesn’t offer them any matching funds, I mean they flat out do not have the ability to contribute funds to a 401(k). Many of these employers are either too small, too disorganized, or otherwise find itself unable to stand up a…
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Have You Adjusted Your Retirement Savings?
Given the recent market turmoil, it’s understandable if you’ve gone back to review your retirement accounts and made some moves. While I personally haven’t done anything, I try to subscribe to the long term view and believe short term adjustments won’t help, I totally understand those who have made changes. That being said, the latest…
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2008 Tax Stimulus & Retirees on Social Security
As it stands, if the bill that was passed in the House were to be rubber stamped by the Senate (it won’t be, but let’s just say), then all the retirees that are living off Social Security would get absolutely nothing in the deal. That’s because, as I outlined in a discussion on the specifics…
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Putting Retirement Saving On Hold
In an ideal world, you would have enough money to fund both your retirement and everything else in your life. However, in reality, you often have to make decisions because your income rarely, if ever, satisfies every single need you have. For a lot of working Americans, the decision sometimes comes down to something you…
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Don’t Adjust Your 401(k)!
An AP article stated that many retirement investors had begun moving their money out of the stock market, something I see as a huge mistake. This is a big mistake when you’re talking long term, which most retirement investors are, because over the long run the market will give you solid returns if you let…
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Will Retiring Baby Boomers Tank the Stock Market?
That’s the question that’s been on the minds of many lately, ever since Kathleen Casey-Kirschling, the first baby boomer; became eligible for Social Security earlier this year. The idea behind the question is that when retiree Baby Boomers begin withdrawing funds from their retirement accounts, the funds will begin selling assets to pay out the…
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How To Become A Millionaire By 65
That’s right, follow the simple plan outlined by Kiplinger’s Personal Finance and you will be a millionaire by the age of 65 starting with $0 right now… guaranteed or your money back! You’re 25 Now Save $286 a month and you’ll be a millionaire by 65. Contribute to your 401k to get your company match,…
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Keep Investing In Your 401(k)
With all the turmoil in the stock market lately, you may be tempted to stop contributions or adjust them from your original plan – don’t! The thoughts going through your mind are typical, especially in times of crisis, but this when you should be staying the course or even increasing your contributions. Many of the…
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