“One matter has become even clearer than before: The financial circumstances facing retirees differ dramatically from pre-retirees. For this reason, traditional wealth management approaches do not sufficiently address a retiree’s needs.”
“Rational strategies to spend from a volatile portfolio suggest that we spend more when our portfolio grows in proportion to our spending and life expectancy and demand that we spend less when it shrinks.”
This is a rather sobering view of the state of America’s “Retirement Readiness” by John Mauldin of Mauldin Economics. One-in-three Americans have absolutely $0 in retirement savings, and 87% of us have less than $300,000.
Sean Williams of The Motley Fool provides a good overview of retirement plan options for folks who run a small business. Read the full article here >>
A wise Vulcan once said: “Live Long and Prosper!” Perhaps, he should have added: “and save ’til it hurts!” Are you ready for 30+ years of retirement?!? Read the full article here >> .
Ben Steverman notes that much of the hysteria surrounding the forthcoming retirement crisis is a sale-related scare tactic “that’s moved the tone of the U.S. savings and retirement conversation from a constructive call to action to an alarmist frenzy.” Read the full article >>