Retirement planning is often overwhelming. With so many things to consider, it’s hard to keep the proper perspective. This week, we walk through some issues and solutions, with new ideas to consider.
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Seniors—For Whom Are You Investing? |
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By Jonathan Pond
While estate planning tends to focus on matters that arise after death, personal finance expert Jonathan Pond suggests a new way of thinking when setting up inheritances: Consider whether the way your money is invested now reflects the age of those who are likely to receive it later. All too often, retirees invest money that is likely to be passed on to younger-generation family members the same way they invest money that they’re going to need for retirement. But Pond wonders whether they should instead be investing this money not like, say, a 75-year-old, but more like a 45-year-old (an adult child) or a 20-year-old (a grandchild nearing adulthood) would be investing it.
Some of the topics covered in this enlightening article include:
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The importance of investing intended inheritances
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Why you don’t need to set up separate investment accounts for heirs
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Maximizing growth while minimizing income taxes
If you are planning to have an inheritance for family members, the article “Seniors—For Whom Are You Investing?” offers ideas that you may not have considered before.
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Solving the Problem of Retirement |
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By Paul Merriman
Retirement is often a problem for those who have not saved enough to live comfortably. For many people in their 50s and 60s, that problem suddenly looms large as they are forced to confront a variety of realities. Retirement places potentially unlimited demands on finite savings. Although there’s no magic bullet, in this article you’ll find that there are three actions you can take to mitigate the “problem” of retirement.
Some of the highlights of the article include:
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Why you should diversify widely and sensibly beyond the mainstream U.S. stock market
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How to adopt a flexible distribution system based on your portfolio value
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Protect yourself from the “edge” by saving considerably more money than you think you’ll need
Not everybody can do these things, of course. Plus, no matter what you do, the “luck” of the unexpected can always interfere with your plans. Yet the simple steps discussed in this article might just help you come a bit closer to “Solving the Problem of Retirement.”
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Member Question
Are you currently supplementing your Medicare coverage, or do you plan to?
A) Yes
B) No
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Be sure to vote on this week’s question for the opportunity to offer your insights on our open-ended question. |
Previous Question’s Results
The Consumer Financial Protection Bureau (CFPB) was set up in 2010 to be an independent financial regulator, and the bureau’s director cannot be fired by the president without cause. Do you think the Supreme Court should declare the structure of the CFPB unconstitutional?
No : 53%
Yes : 34%
Unsure : 13%
Poll results are as of 9 a.m. (Central) on Monday. 1,844 respondents.
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AAII Survey: Is the Structure of the CFPB Unconstitutional? |
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The U.S. Supreme Court announced that it will hear a case challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB), an independent financial regulator established in response to the 2008 financial crisis. Although a decision in the case is not expected until the end of June 2020, we aimed this week to see what AAII members’ thoughts were on the legality of the agency’s structure. More » |
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