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Retirement Article


The 5 Most Common Medicare Mistakes You Can Avoid

The most common Medicare mistakes are easy to avoid if you know what to look for. And it's important that you do. Here's why:

Millions of Americans are currently enrolled in Medicare – and more than 10,000 new members sign up every day.

Unfortunately, many of them make costly, sometimes irreversible filing mistakes. Here's a short list of some of the most common blunders people make...


What Are the Different Retirement Accounts?

According to the Federal Reserve, the average American has less than $60,000 saved in their retirement accounts.

With so many Americans ill-prepared for retirement, one of the most common questions we're asked at Money Morning is "What are the different retirement accounts?"

Here's everything you need to know now...


One Investment Could Save Two Generations' Retirements

The goal of a comfortable retirement is getting more challenging by the day.

That's overwhelmingly thanks to the Fed's Zero Interest Rate Policy (ZIRP).

A recent poll reveals Generation Xers, the next wave of retirees to follow the Baby Boomers, expect to be a whole lot more self-sufficient.

With Social Security considered bankrupt by many accounts, it's little wonder.

That leaves investors increasingly reliant on themselves to build their own retirement nest eggs to generate income.

And this investment does the job - and more...

Investing Tips

The "Pension Squeeze" Has Arrived, but You Can Escape…

With mid-generation baby boomers just entering the retirement wave, their ability to stop working is a hot topic that's getting hotter. Study after study questions the ability of public and private pensions to meet the needs of retirees.

Financial repression through the Fed's Zero Interest Rate Policy (ZIRP) has compounded the problems of underfunded plans and retirement accounts.

And that's on top of publicly funded plans that already face massive shortfalls.

It's all pointing to one clear solution for hopeful retirees...

Your Money

Retirement Planning: How to Cope With "Boomerang Kids"

It's bad enough that freshly minted college graduates can't find jobs, but when that forces them back home to Mom and Dad, it can also have an impact on retirement planning.

What this means, Keith said, is that parents need to figure out a way to help out struggling offspring without completely derailing their retirement savings.

In this video, Keith explains why this is happening and how parents should handle it…

Read More…

Your Money

Time to Act: Pension Funds are Drying Up

On numerous occasions, I've told you to remain on lookout for threats to your savings, including the proposed new MyRA account.

If you've been counting on your pension, whether from work or even Social Security, you may want to revise those plans, as most are way underfunded.

Research by Bridgewater Associates, the world's largest hedge fund, estimates that 85% of public pensions could go bust within 30 years.

Public pension funds currently have about $3 trillion in assets, but will need to pay out nearly $10 trillion over the next several decades.

That would require average annual returns around 9%, but Bridgewater estimates they'll only earn about 4%, leaving pensions severely underfunded as paid benefits exceed contributions and returns.

Here and elsewhere, governments have bought votes by overpromising benefits that will never be honored...

Your Money

Prepare Now for When the New MyRA Becomes "TheirRA"

In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA."

Something immediately felt wrong about the proposal… but I couldn't put my finger on it.

So I researched the new MyRA and found details to help you understand just how it works.

But I also saw some potential dangers there that you need to prepare for now...

Your Money

America's Bestselling Retirement "Plan" Is Jeopardizing – of All Things – Your Retirement

I recently received a call from "Russ," a client of mine. He was wondering why the investments he holds at my money management firm have gone up so much more than the money he's entrusted to a major fund broker.

I'd be wondering, too.

That's because, in a year filled with hundreds of 52-week highs and a broad market that climbed roughly 25%, they've managed to "grow" Russ' money all of… 2%?

It didn't take long to find out why.

It's estimated that by 2020, nearly $3.85 trillion will be invested in the same "one-click" mutual fund industry's bestsellers that Russ did: "Target Retirement Funds."

In fact, these "solutions" are more dangerous than they've ever been...

Investing Tips

The (Simple) Secret to an Early Retirement

In my early career, I was fortunate to do well financially while working at Goldman Sachs. I also made the decision to live below my means, and to invest intelligently. By my late twenties, I had amassed a seven-figure nest egg, and in my early thirties, I actually took an extended vacation for about five years.

What I came to learn, however, is that you don't have to work for Goldman Sachs – or be a multi-millionaire – to be able to retire comfortably or early.

You don't even have to figure out your "number"...