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Retirement Article

Retirement

5 Ways to Boost Your Retirement Income (One Could Make You Rich)

Saving for retirement is a difficult endeavor, especially for people struggling every month to pay their bills. If you're having trouble trying to boost your retirement income, you're not alone.

It's actually rather shocking just how many people are not financially ready to retire. A majority of Americans have less than $1,000 saved up. And according to the Economic Policy Institute, almost half of all families have no retirement account savings at all.

That's why we're bringing readers five ways to supplement your retirement income.

Retirement

Here's a Million-Dollar Retirement Investing Strategy from the World's Second-Greatest Investor

I caught an interesting shareholders' meeting last week – the Daily Journal Corp.

If you haven't heard of it, I'm not surprised. It's a sleepy little company, pulls in just $50 million a year in revenue selling newspapers and software products for the legal profession out in California and Arizona.

In other words, Daily Journal is about as far from the flashy FANGs or flavor-of-the-moment Dow movers as you can get and still be a listed company in the United States of America.

The meeting was packed to the rafters. A standing-room crowd of 1,000 people crammed into the hall.

Why such a crowd at a meeting like this?

Well, because the chair of Daily Journal is none other than Charlie Munger himself – the No. 2 guy at Berkshire Hathaway.

Easily one of the world's shrewdest, most successful investors, he's been Warren Buffett's compadre and partner in crime for decades now.

And I think every investor in America could make a mint if they heard what he had to say...

Wall Street

One Thing Every Investor Should Know About Their Broker

When it comes to building wealth, retirement planning, or any other endeavor involving money and investing, the person across the table from you – your broker – is not your friend.

He will tell you he is. She may even want to be your friend. This individual could be convinced they are helping people to achieve their lifelong goals. And they will almost certainly be friendly.

But, at the end of the day, the broker is a salesman, and his or her compensation is coming right out of your nest egg.

Now, I'm not going to tell you to "break up" with your broker or that they're a bad person; I'm not out to demonize the folks who sell investments for a living. Not at all.

In fact, it's in your best interest to continue your friendly association with your broker.

I'm telling you this because I want to level the playing field. So that next time you sit across from your broker, you're in control. Eyes open.

Ultimately, when you control that dynamic, you come out ahead.

Because you'll be able to go after the kinds of "unreasonably good" returns - 15%, 20%, or more - that can really make a difference in your life...