We've highlighted some recent articles that point to retirement realities, to help you sort through the confusion given the new economic paradigm we find ourselves in. Enjoy!
Resources
NYTimes Editorial:
When Will You Retire?
The wide swings experienced lately in the market do not inspire confidence. Especially if you are interested in retiring any time soon. This article explores what's on everyone's mind, and that is the question, "how can I not lose what I have worked so hard to save?" And we'd add another important question, "What does a "sustainable portfolio" look like in the new economic paradigm?"
NYTimes:
Make The Most Out of Less
The baby boomers will be the first generation to earn less than their parents in retirement. Wow! A wake up call to the new economic paradigm, and the realities of planning for your retirement today.
U.S. Department of Labor:
Taking The Mystery Out Of Retirement Planning
Written by the U.S. Department of Labor, this article and it's accompanying worksheets may help you evaluate where you are and know whether you're going to arrive at retirement in the way that you'd like to. While a balanced portfolio is highly recommended, the new economic paradigm questions our view of the viable options included in the "balanced" portfolio moving forward.
Wall Street Journal:
When Benefits Bite Back
“The Supreme Court is set to answer a question with huge implications for workers: Are employers' promises of benefits such as pension payments and health-care insurance worth the paper they are written on?” Today, in 2011 hundreds of US city, county, federal, and state governments are all running on empty. They suffer from historical unfunded liabilities* (*when what you earn is far less than your mandatory bills) that threaten government bankruptcies on such a wide scale it is unfathomable to the individual consumer. This article is helpful to spell out how to make yourself aware of potential pitfalls and how to examine your pension or retirement plan’s real benefits.
Smart Money Wall Street Journal:
10 Things Social Security Won't Tell You
“Worried about the future of Social Security? You're far from alone.” This article is helpful to review the solvency of our Social Security system, a current review of the status and issues. To read the entire article at once on your screen, it is helpful to hit the “print” button first.
Wall Street Journal:
Retirement Strategies for Older Singles
“A growing number of Americans are heading into their retirement years as single adults. With no spouse to rely on, these individuals need to take extra precautions to ensure a secure retirement.” Advisers say it's especially important for single individuals to take steps to safeguard their nest eggs from creditors and the prospects of unemployment or disability.
It's time to take control
Begin by reading our recently published eBook,
"Your Retirement in the New Economic Paradigm - Are You Prepared?"
7 Questions Every High Net Worth Investor Must Ask Themselves
You will learn what you need to consider when planning for retirement in today's economy.
It's Time To Take Control
Begin by reading our recently published eBook,
"Your Retirement in the New Economic Paradigm -
Are You Prepared?"
7 Questions Every High Net Worth Investor
Must Ask Themselves
You will learn what you need to consider when planning for retirement in today's economy.