This week has seen plenty of new articles all having to do with the best ways to generate the income you need in retirement. Here are just a few that caught my eye.
How to meet robo-advisers head on
There has been a lot of attention paid to so-called “robo-advisers” and the response of the major financial players, like Schwab and Vanguard, to these start-ups.
While getting good advice at lower fees is a good thing, getting incomplete advice is problematic.
When it comes to retirement, none of these firms, robo or not, integrate income annuities into their retirement portfolios. As a result they’re only a part of the solution.
Single Female Baby Boomers Not Interested in Retirement
Single or married, male or female, most Baby Boomers are not interested in that old-style retirement.
However, to pursue that encore career they hope for, they’ll need income – steady and dependable income – without requiring full-time management. Create a plan for yourself and your money.
With the right retirement tools, an American dream is still possible
Great to have a plan, even better that it’s written, and even better still that’s it’s delivered by an adviser.
But is it the right plan? Does the adviser use all the products and tools available in the market?
Most importantly, is there a standard against which your plan is measured?
Getting 3 hits out of every 10 at-bats may get you into baseball’s Hall of Fame, but 3 baskets in 10 shots will get you traded or worse.
So, what’s your plan’s average? Is it heading for the Hall of Fame or does it need to be traded?