Worsening Social Security Finances & You
Over 70% of retirees get half of their income in retirement from Social Security, which is predicted to run out of money between 2032-2034. In this week’s Dollars and Sense segment, we talk about worsening Social Security finances and what the projected Social Security Trust Fund exhaustion date means for retirees.
Are Roth IRA Conversions Advisable After Age 70 ½?
Are Roth IRA conversions advisable after age 70 ½? What are the five things you need to be thinking about? I’ve talked often about how Roth conversions can be a very effective strategy when you’re in your 60’s, in that sweet spot between retirement age and age 70 ½ (when you have to do your […]
Low-Cost Index Funds or Managed Mutual Funds?
Should you be using low-cost index funds or managed mutual funds in your portfolio? There’s a new study by the Journal of Financial Planning and the FPA Research and Practice Institute™ showing that more and more advisors continue to use exchange-traded funds. According to the survey, 87% of advisors say they recommend or use exchange-traded […]
Creating Increasing Income in a Bond Bear Market
How can you create increasing income in retirement in a bond bear market? How critical is it to have a strategy to address that? You know, interest rates are rising. We all see it in the short term and the more medium- and longer-term rates. Car loans are more expensive, mortgages are more expensive. The […]