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Thursday, March 9, 2017

This week’s retirement strategies and news


March 09    
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  Personal Finance
 
Half of age 50-plus pre-retirees say they do not have a positive role model when it comes to financial planning, according to the Bank of America Merrill Lynch study.
 
  How to improve your readiness for retirement  
  Saving for retirement isn't easy, especially given the cost of basic living expenses and debt payments.  
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  nation-now      
  A common question many people ask are should I open a traditional IRA or a Roth IRA.   When is a Roth IRA better for you than a traditional IRA?
The debate over Roth vs. Traditional IRA comes down to 2 things: Flexibility and taxes.                              
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  Personal Finance      
    A way for women to narrow the retirement savings gender gap
One big reason is that women, in particular, spend more time out of the workforce in order to care for children or other members of the family, which means they spend years with little to no income.                              
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  Personal Finance      
    Here's how the rich use their IRAs
Two strategies that the wealthy use maximize the tax savings from IRAs.                              
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  Personal Finance      
  According to a 2016 Retirement Income Strategies and Expectations survey by Franklin Templeton Investments, 70% of Millennials are stressed and anxious about saving for retirement.   50 things Millennials can do now so they can retire at 65
We've got 50 easy-to-digest ways that can get you on the right track today so you're ready to celebrate in style once your 65th birthday rolls around.                              
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  Personal Finance      
    3 serious problems with the 4% retirement rule
As you plan for retirement, the famous "4% rule" can help. But it's not without some flaws.                              
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  Personal Finance      
  However, eight years of temporary living is pretty intense. You can do it, but you must be on the lookout for mistakes that don't look like mistakes.   Short-term frugality till full retirement is risky, but doable
Eight years of frugal living can be done, but you must be on the lookout for mistakes that don't look like mistakes.                              
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  Personal Finance      
    10 stats that prove Baby Boomers are in retirement trouble
The majority of Baby Boomers are not ready to retire -- are you?                              
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  Personal Finance      
    3 proven ways to boost your retirement income
Want more money in retirement? Here are a few ways to get it.                              
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  Personal Finance      
  Robert Powell is editor of Retirement Weekly, contributes regularly to USA TODAY, The Wall Street Journal and MarketWatch.   Q&A: Social Security withdraws must start at 70-ish and they can be taxed - to a point
Q: I retired in February and, though it might be obvious, stopped contributing to my 401(k). When will I need to start mandatory annual withdrawals? I am 75.                              
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  The Day In Pictures Gallery
After working through the night, House Energy and Commerce Committee member Rep. Tony Cardenas, D-Calif., stretches while members of the committee argue the details of the GOP's 'Obamacare' replacement bill, March 9, 2017, on Capitol Hill in Washingt

After working through the night, House Energy and Commerce Committee member Rep. Tony Cardenas, D-Calif., stretches while members of the committee argue the details of the GOP's 'Obamacare' replacement bill, March 9, 2017, on Capitol Hill in Washingt
 
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