How to Protect Your Retirement Savings from Market Losses

protect your retirement savings

Since the 2008 meltdown, adults of all ages have been justifiably concerned about their retirement plans and wondering what they should do if the markets head south again as they approach retirement age. While volatility in the markets is inevitable, there are ways to protect your retirement savings even if there’s a downturn (or even a recession) during your retirement years. If you’re currently saving for retirement but haven’t fine-tuned your portfolio’s asset allocations to pre-emptively shield yourself against a market downturn, then here are some of the best strategies to protect your retirement savings you’ll want to discuss with your financial advisor. Adjust Portfolio Allocations Based on Your Age Saving for retirement in your 40s and 50s is quite … Read more

How Long Will My Retirement Savings Last?

Note – The following post is the 2nd in a series of retirement education blog posts on Money Q&A and sponsored by USAA. Be sure to check out the 1st article, “Am I Saving Enough for Retirement?”. Like always, all opinions are my own. If you’re worried that you’re doomed when it comes to retirement, then you might be surprised by how many options there are for supplementing and stretching your retirement income. Now that you’ve put a great deal of thought and planning into your retirement investing, as you start to look at retirement as it comes closer, now is the time to consider how you are going to start withdrawing your money from your retirement plans. Your withdrawal strategy … Read more

Am I Saving Enough for Retirement? Here’s How to Find Out

401k Retirement Plans

Note – The following post is part of a series of retirement education blog posts on Money Q&A and sponsored by USAA. But, like always, all opinions are my own. There’s a lot of doom and gloom reporting these days about Baby Boomers not saving enough for retirement. The lack of savings is only expected to get worse for Millennials, who are saddled with comparatively more student loan debt and struggling with slower rates of wage growth compared to their parents and grandparents’ generations.  Whether you’re trying to save for retirement in your 20s or you’re in your late 40s or early 50s and on the verge of retiring within the next decade, the issue of saving enough money for retirement … Read more

How to Return to the Workforce If You’re Running Out of Money in Retirement

running out of money in retirement

Millions of Americans are reaching retirement age each year, yet a majority of them feel financially unequipped to handle the potential costliness of long-term care combined with a permanent loss of earned income. Some folks barely have anything saved for retirement by the time they reach their 50s and 60s, which means they’ll likely be working well into their 70s and possibly 80s to pay the bills. If you’re concerned about running out of money during retirement, then rest assured, you’re not alone. Many older Americans – retired and end-of-career alike – are worried about the possibility of rising healthcare costs, longer lifespans, and inflation derailing even the most perfectly laid retirement plans. This means that seniors should consider other … Read more