The 4 Biggest Retirement Planning Mistakes
by Steve Vernon, FSA
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Boomers face significant challenges to make ends meet in their retirement years, and they'll need to make every dollar count -- there isn't much margin for making mistakes. Here are four big mistakes that roughly half of all Americans are making -- and a few tips for avoiding these errors.
Please continue reading for this month's selections of helpful blog posts and articles on retirement.
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Planning Your Retirement: The Best Ways to Generate Lifetime Income |
How much retirement income can you get from your 401(k), IRA, and other savings? That's a critical question as you piece together your various sources of retirement income, which also includes Social Security, pensions, and continued work. Surveys show that many people struggle with the difficult task of generating lifetime retirement income; this post will help you tackle this challenge.
Learning how to generate lifetime income from your retirement savings is the sixth step in my series, 12 Weeks to Plan Your Retirement.
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Planning Your Retirement: The Best Investments to Generate Income |
Suppose you've done a good job investing and accumulating money in your IRA and 401(k) plan, and now you're deciding how to best deploy those assets to generate retirement income. Which investments might work best for you? The answer depends on how you generate retirement income, as discussed in the previous article in this newsletter. Read here for insights.
Learning about investing in retirement is the seventh step in my series, 12 Weeks to Plan Your Retirement.
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The Best Investments During Retirement: Gauging Risk |
How can you select investments during retirement that provide a potential for growth, to keep pace with inflation, yet protect you against getting wiped out by stock market crashes? Read here for some great ideas. This supplements the above article.
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The Smartest Things Ever Said About Beating the Market |
If you regularly read Larry Swedroe's blog on CBS MoneyWatch, you know the evidence shows that it's unlikely for someone to consistently beat the market. On top of that, some of the smartest people in investing have said the same thing. Here are the best quotes, plus how you can apply their advice to your own situation.
Just a quick note: This is a creative, multi-page, blog post from Larry Swedroe - please be sure to click through to read all the pages.
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U.S. Stocks Within 3 Percent of All-Time High |
The U.S. stock market closed on April 26 only 3.0 percentage points below its all-time high on October 9, 2007. Did CBS MoneyWatch blogger Allan Roth jinx the rebound when he wrote about it a few months ago and started his "Stock Market Watch"? Some might think so, but since he's not superstitious and therefore doesn't believe in jinxes, he's doing it again. Read here for his insights.
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What Does Passive Management Actually Mean? |
Many investors don't know what passive management actually entails. Others have a completely wrong view of what it means to be passive. Read Larry Swedroe's excellent blog post to learn what it really means to be a passive investor.
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Coupon Investing: How to Make $100K in a Decade |
If you think you can't create wealth using coupons, think again. Today it's easier than ever to make more money through saving. Coupons aren't for everyone, which is why, like indexing, they work so well for the rest of us. Read here for some creative ideas from Allan Roth. |
Boost Your Social Security Payout by $100,000 |
The most important decision you'll make regarding your Social Security income is when to start receiving benefits. Read here to learn two simple numbers that will help you make the best decision for you.
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Social Security Strategies: How to Get $90,000 More For Your Spouse |
Married couples seeking to maximize their Social Security income will need to pull off an intricate foxtrot through a thicket of bewildering rules. Here are few strategies to help you successfully complete this dance.
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What to Do About Retirement Sticker Shock
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Did you ever have a price in mind when you went shopping -- only to discover that the item you wanted was going to cost much more than you'd expected? That's exactly what many Americans are experiencing when it comes to retirement. Read here to learn how to cope; this includes a 12-minute video clip of my recent appearance on AARP's show Inside E Street.
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Thanks for your interest, and stay tuned for future newsletters that explore how to best live the rest of your life. Best regards,

Steve Vernon Rest-of-Life Communications
P.S. If you think this newsletter will help a friend, please pass it along.
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Recently Released
Money for Life
My free, online retirement planning guide
If you've been looking for a trusted, unbiased source of retirement guidance on a variety of retirement planning topics, look no further. This easy-to-use online guide contains the most helpful articles and videos from CBS MoneyWatch and a few other financial planning websites on such critical retirement topics as Social Security, generating retirement income from savings, investments, insurance, health, long-term care, longevity, and lifestyle issues.
I'm excited about this new guide because it offers another way for me to communicate with my readers. It combines the best features of a book - with subjects organized by topic - with the convenience of being online, providing content that's constantly being refreshed and updated. And the price is right - it's free!
This new website complements my other published works on retirement planning - my book, Recession-Proof Your Retirement Years and my DVD, The Quest for Long Life, Health and Prosperity. Please see my website for details on all of my books and DVDs.
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Welcome to Our Newsletter!
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We fulfill a need for trusted, practical strategies that you can use to plan your rest-of-life (aka
retirement). We rely on the latest research and analyses, and we'll
keep it simple! And that's all we provide; we don't sell insurance, investments or health products, so we can "tell it like it is."
Here's an archive of past issues.
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Steve Vernon has spent 35 years as a consulting actuary, helping large employers design and manage their retirement programs. Now he's president of Rest-of-Life Communications, where he specializes in providing unbiased, trusted information about retirement. He also consults to Mercer's US Retirement, Risk and Finance business, and writes a regular column for CBS MoneyWatch titled Money for Life.
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For information on keynote addresses, workshops or presentations on retirement issues, visit Steve's website at www.restoflife.com, or email him at steve.vernon@restoflife.com
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